The Rajasthan High Court has ordered the Central Board of Direct Taxes (CBDT) to extend the deadline for filing tax audit reports and related income tax returns. The new due date for the 2025-26 assessment year is now October 31, a month after the previous deadline of September 30.
Thank you for reading this post, don't forget to subscribe!This interim order, while technically only applicable in Rajasthan, is expected to prompt a nationwide extension. The decision comes after a writ petition was filed by the Bhilwara Tax Bar Association, supported by calls for an extension from various groups including the Institute of Chartered Accountants of India (ICAI) and other tax bodies. These groups cited the need for more time for taxpayers and professionals to comply with the filing requirements. The ruling is being celebrated by chartered accountants as a significant win.
