RTCA Jaipur Seeks Extension in Tax Audit and Form 10B/10BB Due Date from Sep 30 to Oct 31:

The Rajasthan Tax Consultants Association (RTCA), Jaipur, has requested the Central Board of Direct Taxes (CBDT) and the Union Finance Minister to extend the due date for furnishing Tax Audit Reports and applicable audit reports for Assessment Year (AY) 2026-27, vide a representation dated September 8, 2026. The extension of the deadline has been sought from September 30, 2026, to October 31, 2026.

RTCA stated that tax professionals have very limited time to complete audits after the due date for filing non-audit Income Tax Returns, which was August 31, 2026. Tax audits require detailed verification of books of accounts, bank statements, GST records, TDS/TCS details, AIS/TIS data, stock records, fixed assets and other statutory information. According to the Association, completing these procedures within the available period is creating significant pressure on taxpayers and professionals.

The Association also highlighted continuous updates to Income Tax Return utilities, forms, schemas and validations for AY 2026-27. It stated that the common ITR utility was initially released on May 20, 2026, while its latest version, 1.2.4, was released on September 2, 2026. Since tax audit disclosures and Income Tax Returns are closely connected, frequent changes can affect the time required for finalisation and filing.

RTCA further highlighted technical difficulties on the Income Tax e-filing portal, including issues relating to login, data retrieval, AIS/TIS reconciliation, validation, digital signatures and uploading of forms. It said such issues can delay the completion of audits, particularly when each disclosure has to be verified.

The Association also cited the revised financial reporting requirements for non-corporate entities introduced by the ICAI on a phased basis. It stated that these requirements involve additional work in preparing and finalising financial statements and consequently affect the tax audit process.

Heavy rainfall, waterlogging and flood-like conditions in parts of Rajasthan and other states were also mentioned as factors affecting business operations, access to records and physical audit procedures. RTCA additionally noted that September to November coincides with the festive and business season, making it more difficult for professionals to obtain complete information from clients.

Emphasising that tax audit is a substantive statutory responsibility, RTCA stated that an extension would allow professionals to conduct proper verification and reconciliation and submit accurate reports. The Association has therefore requested that the due date for Tax Audit Reports in Forms 3CA/3CB, along with Form 3CD, and applicable audit reports in Forms 10B/10BB, be extended to October 31, 2026, along with suitable alignment of consequential Income Tax Return compliance.