Tax Audit Due Date for FY 2023-24 Extended:

Tax Audit Due Date for FY 2023-24 has been Extended by 7 days by CBDT. Tax Audit Due Date Extension Tax Audit Due Date for FY 2023-24 has been Extended by 7 days by CBDT.

Tax Audit Due Date Extension

CA Pratibha Goyal

Sep 30, 2024

Last update on 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.

Penalty on Not Filing Tax Audit Report

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.

About Author

CA Pratibha Goyal

Co Founder

CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.