New Delhi, Sept. 25 -- Income Tax audit deadline extension: The deadline to submit an income tax audit for audit reports for the year 2024-25 has been extended to October 31, 2025, from the previous deadline of September 30.

The new due date, which was announced by the Income Tax department, on Thursday, comes after the Central Board of Direct Taxes (CBDT) received requests from various professional associations, including Chartered Accountant bodies, citing disruptions in filings caused by floods and natural calamities in parts of the country, as per the official circular.

Any taxpayer who is required to file an income-tax audit, misses the October 31, 2025 due date - will incur penalties in accordance with Section 271B of the Income T...