New Delhi, Sept. 29 -- The Income Tax Department recently extended the deadline for submitting income tax audits to October 31, 2025, from the original due date of September 30, 2025. This extension came after requests from various professional associations, including chartered accountant bodies, who cited difficulties faced by taxpayers and practitioners in completing audit reports on time.

With the revised deadline now in place, here's all you need to know about income tax audit -

A tax audit is a review of a business or professional's financial records to confirm compliance with the Income Tax Act. It involves thoroughly checking that income, expenses, and deductions are accurately reported and that tax calculations are correct. The ...