Income Tax Audit Deadline Extended to 31 Oct 2025: Know More

If you’re a business owner or professional, mark your calendar. The Income Tax Audit deadline, originally 30 September 2025, has now been extended to 31 October 2025. Whether you’re filing under regular business tax audit rules or part of the GST Bachat Utsav 2025 initiative, knowing the right dates and documents is essential. Let’s simplify everything you need to know.

What Is a Tax Audit and Who Needs It?

A tax audit is a process where a Chartered Accountant (CA) checks your income and expenses to ensure everything is reported correctly under the Income Tax Act.

You need to undergo a tax audit if:

• Your business turnover exceeds ₹1 crore (or ₹10 crore if cash transactions are less than 5%)
• You’re a professional earning more than ₹50 lakh annually
• You’ve opted out of the presumptive taxation scheme

This ensures that your income tax return filing is accurate and compliant with the law.

What Documents Are Required for a Tax Audit?

To conduct a proper tax audit, make sure the following documents are ready:

• Sales and purchase records
• Bank statements
• Ledger and cash book
• GST returns
• Fixed asset and stock details
• Previous year’s tax audit report

Tax Audit Deadline Extended: What You Need to Know

nitially, the income tax audit due date was 30 September 2025. However, considering disruptions from natural calamities in some regions and demands from professional associations, the CBDT extended the deadline to 31 October 2025.

This new tax audit last date in India applies to all tax audit cases for FY 2024–25 (AY 2025–26).

It also affects the income tax return filing due date, since the audit report must be submitted before the ITR.

Tax Audit Penalty Rules: What If You Miss the Deadline?

If you fail to file the tax audit report on time, Section 271B may impose a penalty:

• 0.5% of turnover or gross receipts
• Up to a maximum of ₹1,50,000

However, valid reasons like natural disasters or technical issues may exempt you from this penalty.

Pro Tip: Filing on time also saves you from late filing penalties under Section 234F.

Final Checklist to File Tax Audit Report on Time

Use this simple checklist to stay on track:

1. Keep all financial and GST records updated
2. Coordinate early with your CA
3. Reconcile GST returns with books
4. Watch for updates like GST return filing update India
5. Don’t wait till the last day file at least 10–15 days in advance

How GST Bachat Utsav 2025 Helps MSMEs

GST Bachat Utsav 2025 is not just a festival for consumers, but also a massive opportunity for MSMEs. With new GST rates:

• Lower production costs lead to better margins for MSMEs
• Affordable prices boost product sales
• Simplified slabs make tax compliance easier
• Small traders can now manage filings more easily

Prime Minister Modi called it a “festival of savings” especially for the poor and middle class. The reform strengthens MSMEs and supports the Aatmanirbhar Bharat mission.

Ready to Stay Audit-Ready and Penalty-Free?

Don’t wait for the last minute. Let StartupFlora help you with:

• Seamless tax audit report filing
• GST return planning & filing
• Smart compliance for MSMEs and startups

📞 Contact our experts today and simplify your tax journey

FAQ

1. What is the new deadline for filing income tax audit reports for FY 2024–25?
The deadline has been extended to 31st October 2025 for businesses and professionals covered under audit requirements as per the Income Tax Act.

2. Has the tax audit due date changed in 2025?
Yes, the tax audit due date for FY 2024–25 (AY 2025–26) has been officially extended from 30th September to 31st October 2025 by the CBDT.

3. Who needs to file an audit under Section 44AB of the Income Tax Act?
Any business with a turnover above ₹1 crore or a professional earning over ₹50 lakh annually must get their accounts audited under Section 44AB.

4. What happens if I miss the tax audit deadline?
Missing the deadline can result in penalties under Section 271B, which may go up to ₹1,50,000 or 0.5% of your turnover, unless a valid reason is accepted.

5. Is tax audit linked to income tax return filing?
Yes, you must submit your audit report before filing your income tax return. The ITR deadline for audited cases depends on timely audit submission.