Tax Audit Due Date Extended for FY 2023-24 to 7th October 2024

The Central Board of Direct Taxes (CBDT) has extended the deadline for submitting audit reports for the financial year 2023-24 until October 7, 2024. This extension comes as a relief for taxpayers and professionals dealing with audit-related compliance. The decision was influenced by various factors, including the representations received from stakeholders about difficulties faced in meeting the original deadline. The extension applies to several reports, including Form 3CA, 3CB, and 3CD under the Income Tax Act. This extension aims to ensure smooth compliance and allow adequate time for tax audit report submission.