Extended Due Date for Filing Tax Audit Report of AY 2021-22

Section 44AB of the Income Tax Act, 1961 deals with the audit of the accounts of a certain category of the person carrying on a business or engaged in a profession. The class of taxpayers listed under this section compulsorily have to get their accounts audited by a Chartered Accountants before the Last Date of Income Tax Audit.

A Tax Audit determines whether financial records and transactions are correctly recorded and accounted for. This ensures that the records reflect the taxpayer’s actual income and that the claims for deductions made are accurate.

Also Read- Last Date For Filing Income Tax Return For AY 2021-22

Last Date of Income Tax Audit For AY 2021-22

For every year, the due date of furnishing the tax audit report is 30th September of the subsequent year. For AY 2021-22, to mitigate the difficulties faced by taxpayers due to the ongoing COVID-19 pandemic, the last date of income tax audit report has been extended to 31st October 2021.

The CBDT vide Circular no. 09/2021: dated 20th May 2021, extended the due date of furnishing of Report of Audit under any provision of the Act for the assessment year 2021-22, from 30th September 2021 to 31st October 2021.

ParticularsYearOriginal Due dateExtended Due date
Tax and Statutory Audit ReportFY 2020-21
(AY 2021-22)
30.09.202131st October 2021

Tax Audit Due Date Extended Notification/Circular For AY 2021-22

Govt extends timelines of certain compliances, to mitigate the difficulties faced by taxpayers due to the ongoing COVID-19 pandemic. For this purpose, CBDT issued “Circular No. 09/2021: Dated 20th May 2021”, it can be viewed and downloaded from here-

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🎯 Tax Audit Limit For AY 2021-22: Know about Tax Audit u/s 44AB of The Income Tax Act

🎯 Revised Income Tax Audit Limit For AY 2022-23: Know about the Tax Audit u/s 44AB of The Income Tax Act

🎯 Income Tax Audit Penalty and Late Fees For Non-compliance and Late Submission of Tax Audit Report

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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.

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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)

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