CBDT extends Income Tax Audit Report Filing Deadline to October 7

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing the income tax audit report for FY 2022-23 from September 30 to October 7, 2023. This extension comes after representations from stakeholders who cited technical glitches on the Income Tax e-filing portal as a significant reason for the delay. The extension aims to provide businesses and auditors with extra time to comply with audit submission requirements without penalty. This move has been welcomed by the business community, as it eases the pressure of compliance during a busy financial reporting period. The extension applies to taxpayers liable to audit under various sections of the Income Tax Act.