Stories
Tax Audit Deadline Looms: Professionals Seek Extension, Taxpayers Urged to Act Now
M
Moneycontrol•25-09-2026, 17:26
Tax Audit Deadline Looms: Professionals Seek Extension, Taxpayers Urged to Act Now
- •Tax professionals and industry associations are requesting an extension of the September 30 tax audit deadline for AY 2026-27 to October 31, citing heavy workload and portal issues.
- •The current deadline for filing tax audit reports remains September 30, with the income tax return deadline for audited accounts set for October 31, 2026.
- •Taxpayers should not assume an extension will be granted and must prepare all necessary documents, reconcile records, and verify details with GST returns, TDS/TCS, AIS, TIS, and Form 26AS.
- •Key tasks include reviewing fixed assets, loans, statutory dues, related-party transactions, and expenses for tax disallowance analysis with their auditor.
- •After the auditor uploads the report, taxpayers must approve it via their e-filing account, requiring sufficient time before the deadline.
Key Questions Answered
The deadline for filing tax audit reports for assessment year 2026-27 remains September 30, 2026, as the government has not yet approved any extension.
Tax associations have cited heavy workloads involving reconciliation with GST returns, verification of TDS/TCS, checking AIS and Form 26AS, portal issues, and compressed timelines between deadlines.
The corresponding deadline for filing the income tax return for taxpayers whose accounts are subject to audit is October 31, 2026.
