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Income Tax Audit Report: Due Date, Eligibility, And Filing Rules
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Bhilwara Tax Bar Association seeks Rajasthan High Court extension for Tax Audit Report deadline due to portal glitches. ITR deadlines vary for audit and international transactions.
Taxpayers can still file their ITR even after the due date by filing a belated return. The Income Tax Department allows this option so that people who missed the deadline can still report their income and pay taxes properly.
Income Tax Audit Report Due Date: Even if the due date for non-audit taxpayers for filing income tax return (ITR) for FY 2024-25 (Assessment year 2025-26) is over, the income tax filing season hasn’t ended. Taxpayers whose accounts need to be audited—such as companies, proprietorships, and working partners in firms—have until October 31, 2025, to file their income tax returns (ITR) for the financial year 2024-25 (assessment year 2025-26).
Before they can do that, they must ensure their audit report is submitted by September 30, 2025. As of now, the Income Tax Department has not announced any extension to this deadline.
The Bhilwara Tax Bar Association has filed a writ petition in the Rajasthan High Court under Article 226 of the Constitution, seeking an extension of the September 30 deadline for filing Tax Audit Reports (TAR) for assessment year 2025-26.
The petition says that taxpayers and professionals are struggling with persistent glitches on the portal, delayed relase of ITR forms and limited working days ahead of the festival season.
Deadline for Those with International Dealings
If a taxpayer is involved in international transactions or certain specified domestic transactions, they are required to submit a report under Section 92E. In this case, the due date for filing ITR is November 30, 2025.
To stick to this timeline, their audit report must be submitted by October 31, 2025. Just like in other categories, the government has not given any update about extending this due date.
Missed the Due Date? Here’s the Belated ITR Deadline
If non-audit taxpayers miss the original ITR deadline on September 15, they can still file a belated return. For all taxpayers, the belated ITR for FY 2024-25 can be submitted until December 31, 2025. However, keep in mind that filing late might attract a penalty or reduce some tax benefits.
What Happens If You Miss The Deadline?
Taxpayers then need to pay interest at a rate of 1 per cent per month or part month on the unpaid tax amount.
Late Filing Penalty
Rs 1,000: If total income is below Rs 5 lakh.
Rs 5,000: If total income is above Rs 5 lakh and return is filed after the due date but before 31st December.
Losses under capital gains or business/profession can’t be carried forward to future years if you file late.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 23, 2025, 17:53 IST
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