“The corporates will now have to file income tax returns for AY’27 by November 21, instead of October 31. Similarly, the due date for tax audit report submission has been extended from September 30 to October 21. The due dates for both the compliances have been extended,” the Central Board of Direct Taxes (CBDT) said in a statement — Representational Image

New Delhi: The income tax department on Monday extended by 21 days the due date for ITR filing and submission of audit reports by corporates for assessment year (AY) 2026-27. “The corporates will now have to file income tax returns for AY’27 by November 21, instead of October 31. Similarly, the due date for tax audit report submission has been extended from September 30 to October 21. The due dates for both the compliances have been extended,” the Central Board of Direct Taxes (CBDT) said in a statement

Tax practitioners have been demanding an extension of the corporate statutory audit report and ITR filing deadline from September 30 citing compressed audit window following the August 31 deadline for filing ITR in non-audit cases. “The extension shows that the CBDT has taken cognisance of the genuine challenges being faced by taxpayers and tax professionals during the current compliance cycle,” said Nangia & Co LLP Senior Partner Amit Agarwal.

“The additional 21 days will provide much-needed breathing space to businesses to complete their tax audits, undertake necessary reconciliations and ensure that the information reported in the tax return is accurate and appropriately supported,” Agarwal added.

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