CBDT extends date of IT Audit Reports

New Delhi: The Central Board of Direct Taxes ( CBDT ) has extended the due date for filing various reports of Income Tax Audit Reports for Assessment Year 2022-23 from 30th September 2022 to 7th October 2022 for certain categories of assessees.
“On consideration of difficulties faced by the taxpayers and other stakeholders in the filing of various reports of audit for the Assessment Year 2022-23 under the Income-tax Act, 1961 (Act), Central Board of Direct Taxes (CBDT) has decided to extend the due date for filing of various reports of audit for the Assessment Year 2022-23, which was 30th September, 2022 to 07th October, 2022 in the case of a certain category of assessees for whom the due date was 30.09.2022.”
The due date of furnishing of Return of Income for the Assessment Year 2022-23, which was 30th September 2022 under sub-section (1) of section 139 of the Act, as extended to 07 October 2022 by CBDT Circular No. 19/2022 F.No.225/49/2022/ITA-II dated 30.09.2022 issued. The Board has clarified that this extension shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income is reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds Rs.1 Lakh. In the case of an individual resident in India referred to in sub-section (2) of section 207 of the Act, the tax paid by him under section 140A of the Act within the due date (without extension under Circular No.9/2021, Circular No.17/2021 and this Circular) provided in that Act, shall be deemed to be the advance tax.