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

6 months ago 14
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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