Due to portal issues, the Bhilwara Tax Bar Association is requesting an extension from the Rajasthan High Court for the Tax Audit Report deadline. International transactions and audits have different ITR timeframes.
Income Tax Audit Report Due Date: The income tax filing season has not concluded, even though the non-audit taxpayers’ income tax return (ITR) filing deadline for FY 2024–25 (Assessment year 2025–26) has passed. The deadline for filing income tax returns (ITR) for the fiscal year 2024–2025 (assessment year 2025–2026) is October 31, 2025, for taxpayers whose accounts need auditing, including corporations, sole proprietorships, and business partners.
The deadline for submitting their audit report is September 30, 2025, before they may do that. The Income Tax Department has not yet declared a postponement of this deadline.
In accordance with Article 226 of the Constitution, the Bhilwara Tax Bar Association has petitioned the Rajasthan High Court for an extension of the September 30 deadline for submitting Tax Audit Reports (TAR) for the assessment year 2025–2026.
According to the petition, professionals and taxpayers are facing restricted working days before the festival season, delayed ITR form releases, and ongoing portal issues.
The deadline for those who deal internationally
According to Section 92E, a taxpayer must file a report if they engage in certain designated domestic or foreign transactions. The ITR filing deadline in this instance is November 30, 2025.
They have until October 31, 2025, to submit their audit report in order to meet this deadline. Similar to other categories, there has been no announcement from the government regarding an extension of this deadline.
Did you miss the deadline? The belated ITR deadline is here
Non-audit taxpayers have the option to submit a later return even if they miss the first ITR deadline of September 15. The deadline for filing the delayed ITR for FY 2024–2025 is December 31, 2025, for all taxpayers. But bear in mind that there may be a penalty or a reduction in some tax advantages if you file after the deadline.
What Takes Place If You Miss the Deadline?
After then, taxpayers must pay interest on the outstanding tax balance at the rate of 1% per month or per month.
Penalty for Late Filing
If total income is less than Rs 5 lakh, Rs 1,000.
Rs 5,000: In the event that total income exceeds Rs 5 lakh and the return is submitted after the deadline but prior to December 31st
If you file late, you cannot carry over losses under capital gains or business/profession to subsequent years.