Neutral impactEconomy
File ITR now or wait until the new 21 October tax audit deadline? What taxpayers need to know
Mint 1 hr ago·29 Sept 2026, 1:35 pm
The government has extended the deadline for filing tax audit reports to 21 October for the assessment year 2026-27. This move provides taxpayers with additional time to comply with regulatory requirements. However, this extension does not apply to the actual Income Tax Return (ITR) filing. Investors and taxpayers who have already completed their tax audit can proceed to file their returns immediately without waiting for the new deadline.
This timeline adjustment is significant as it allows for better financial planning and ensures that taxpayers avoid last-minute rushes. It is crucial to verify all details before filing to prevent errors that could lead to scrutiny. If any discrepancies are found later, the revised return facility can be utilized. Investors should stay updated on any further announcements to ensure timely compliance.
Excerpt from Mint
The tax audit deadline for AY 2026-27 has been extended to 21 October, but taxpayers who have completed the audit need not wait to file their ITR. An expert explains when you can file early, key checks before filing, and how to revise the return if an audit error is found later. The tax audit deadline for AY 2026-27…Read the original at Mint
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