Income tax audit deadline extension: From eligibility, deadline to penalty — 5 points you need to know

5 months ago 8

Income Tax audits must now be submitted by October 31, 2025, after an extension by the Income Tax Department. Tax audits are required for businesses with turnover above ₹1 crore and professionals exceeding ₹50 lakh in gross receipts, ensuring adherence to the Income Tax Act.

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Income tax audit deadline extension: From eligibility, deadline to penalty — 5 points you need to know

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