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Income-tax Act: Tax audit report deadline for 2024-25 extended from 30 Sept 2025 to 31 Oct 2025

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....The tax authority extended the specified date for furnishing audit reports under the Income-tax Act for the previous year 2024-25 (assessment year 2025-26) from 30 September 2025 to 31 October 2025 following representations from taxpayers and practitioners citing disruptions from floods and related hardships and pending court submissions; it noted the e-filing portal has been functioning and many tax audit reports and returns have already been uploaded, and a formal notification implementing the extension will be issued separately.....