As the October 31, 2025, deadline for filing income tax audit reports nears, businesses and professionals across India must be working to complete their audits and meet the requirements set by the Income Tax Department.

The audit, mandated under Section 44AB of the Income-tax Act, applies to taxpayers whose turnover or receipts exceed specified limits. Chartered accountants and firms are advising clients to prioritise completing audits on time, verifying all postings, and maintaining clear communication with auditors.

The deadline for submitting audit reports for the financial year 2024–25 was September 30, but the Central Board of Direct Taxes (CBDT) extended it to October 31.

Who requires a tax audit?

Businesses with annual turnover exceeding ₹1 crore must undergo a tax audit.

If ca

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