The Central Board of Direct Taxes (CBDT) has recently announced an extension of the deadline for filing income tax audit reports. This extension applies to the Assessment Year (AY) 2024-25, providing taxpayers with additional time to ensure their filings are accurate and complete.
Originally, the deadline for filing income tax audit reports for AY 2024-25 was set for September 30, 2024. However, in a move that has been welcomed by taxpayers and tax professionals alike, the CBDT has extended this deadline to October 7, 2024.
This extension comes as a relief to many, particularly given the complexities and challenges that often accompany the process of preparing and filing income tax audit reports. This additional week provides taxpayers with the necessary time to thoroughly review their financial records, seek professional advice, and ensure that they are in full compliance with tax laws.
The CBDT’s decision to extend the deadline is a clear indication of their commitment to facilitating a more seamless and stress-free tax filing process for taxpayers. It is a move that not only acknowledges the complexities of tax audit report preparation but also underscores the importance of accuracy and compliance in tax filings.
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