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If you are also worried about the last date of tax audit, then this information is for you only. Income Tax Department has extended the date of audit report. This change is being demanded by many taxpayers. On which the department has taken a decision. The Income Tax Department has extended the date for filing the audit report for the year 2023-24 by seven days to October 7. Earlier, there was a fine of Rs 1.5 lakh for not filing the report by 30th September.
The department gave information
Giving information, the Income Tax Department said that in view of the difficulties faced by taxpayers in electronically filing various audit reports under the Income Tax Act, the deadline is being extended from September 30 to October 7. Rajat Mohan, executive director of accounting and consulting firm Moor Singhi, said the government had to decide to extend the deadline by seven more days due to technical problems in filing tax audit reports electronically.
This is the reason for the change
Fine may be imposed for not filing tax audit report, its date has been extended. A CBDT circular issued on September 219 said that keeping in view the problems faced by taxpayers and other stakeholders in electronic filing of various audit reports under the provisions of the IT Act, 1961,
Keep these things in mind while filing
There are certain prerequisites for filing a tax audit report. Which is important to take care of. If you are thinking of filing then first of all both the chartered accountant and the taxpayer should be registered on the portal and they should have a valid log-in ID and password on the e-filing portal. The CA and the taxpayer should also have digital signatures. Besides, it is also necessary to have PAN card.