Tax Audit Due Date for FY 2023-24 has been Extended by 7 days by CBDT.
CA Pratibha Goyal | Sep 30, 2024 |
Tax Audit Due Date for FY 2023-24 Extended
The Central Board of Direct Taxes (CBDT) has extended the due date for filing various reports of audit including Tax Audit for the Previous Year 2023-24, which was 30th September 2024 in the case of assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07th October 2024.
Complete Details are available in CBDT Circular Number 10/2024 in 225/205/2024-ITA-II dated 29.09.2024.
As per section 271B the Penalty for Not Filing Tax Audit Report is as under:
As such, the failure of a person, to get his accounts audited in respect of any previous year or furnish a copy of such report as required under section 44AB may attract a penalty equal to 0.5% of the total sales, turnover or gross receipts, or Rs.1.5 lakh whichever is less.
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