ЁЯУД What Is an Income Tax Audit & Why the Due Date Matters Under Section 44AB of the Income Tax Act, 1961, certain businesses and professionals must get their accounts audited by a Chartered Accountant and file an audit report (Forms 3CA/3CB + 3CD) when their turnover, gross receipts or certain thresholds are exceeded (for example, businesses over ₹1 crore, professionals over ₹50 lakh, etc.). The “audit report” (often called the Tax Audit Report or TAR) must be furnished by a “specified date” along with or before filing the income tax return. Missing that deadline can attract penalties under Section 271B . Thus, the due date for the audit report is critical — it determines compliance, risk, and smooth filing of your ITR if audit is applicable. ЁЯУЕ Original Due Dates (Before Extension) — FY 2024-25 / AY 2025-26 The usual “specified date” for furnishing the audit report (for previous year 2024-25, assessment year 2025-26) was 30 September 2025 . That means, originall...