{"id":29640,"date":"2025-08-07T12:32:59","date_gmt":"2025-08-07T07:02:59","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=29640"},"modified":"2025-09-10T00:12:57","modified_gmt":"2025-09-09T18:42:57","slug":"29640-2","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/29640-2\/","title":{"rendered":"Tax Audit Deadline &#038; Compliance Guide for FY 2024-25"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d28fbb7a31b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d28fbb7a31b\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#Tax_Audit_Deadline_Key_Dates_Applicability_Compliance_Guide_for_FY_2024-25\" title=\"Tax Audit Deadline\/ Key Dates, Applicability &amp; Compliance Guide for FY 2024-25:\">Tax Audit Deadline\/ Key Dates, Applicability &amp; Compliance Guide for FY 2024-25:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#What_is_a_Tax_Audit\" title=\"What is a Tax Audit?\">What is a Tax Audit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#Forms_Used_in_Tax_Audit\" title=\"Forms Used in Tax Audit\">Forms Used in Tax Audit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#Who_is_Required_to_Get_a_Tax_Audit_Done\" title=\"Who is Required to Get a Tax Audit Done?\">Who is Required to Get a Tax Audit Done?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#Tax_Audit_for_Businesses_%E2%80%93_Us_44ABae\" title=\"Tax Audit for\u00a0Businesses \u2013 U\/s 44AB(a)\/(e)\">Tax Audit for\u00a0Businesses \u2013 U\/s 44AB(a)\/(e)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#Tax_Audit_for_Professionals_%E2%80%93_Us_44ABb\" title=\"Tax Audit for\u00a0Professionals \u2013 U\/s 44AB(b)\">Tax Audit for\u00a0Professionals \u2013 U\/s 44AB(b)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#Tax_Audit_Requirement_for_Partnership_Firm-_Even_with_2_net_profit_since_turnover_is_under_INR_1_crore_and_presumptive_scheme_was_never_opted\" title=\"Tax Audit Requirement for Partnership Firm- Even with 2% net profit, since turnover is under INR 1 crore and presumptive scheme was never opted.\">Tax Audit Requirement for Partnership Firm- Even with 2% net profit, since turnover is under INR 1 crore and presumptive scheme was never opted.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/29640-2\/#Consequences_of_Missing_Tax_Audit_Deadline\" title=\"Consequences of Missing Tax Audit Deadline\">Consequences of Missing Tax Audit Deadline<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-23433\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/10\/Due-date-of-tax-audit.jpg\" alt=\"Due date of tax audit\" width=\"901\" height=\"474\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/10\/Due-date-of-tax-audit.jpg 310w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/10\/Due-date-of-tax-audit-300x158.jpg 300w\" sizes=\"(max-width: 901px) 100vw, 901px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Audit_Deadline_Key_Dates_Applicability_Compliance_Guide_for_FY_2024-25\"><\/span><span style=\"color: #000080;\"><strong>Tax Audit Deadline\/ Key Dates, Applicability &amp; Compliance Guide for FY 2024-25:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the most crucial compliance deadlines in the Income Tax Calendar 2025, the Tax Audit deadline holds special importance for businesses, professionals, and partnership firms. Key Dates for FY 2024-25<\/p>\n<ul>\n<li>Tax Audit Report Submission Deadline: 30th September 2025<\/li>\n<li>Income Tax Return Filing Deadline (for audit cases): 31st October 2025<\/li>\n<\/ul>\n<p>Timely completion of the tax audit is essential, as Income tax return in audit cases cannot be filed unless the audit report is submitted and accepted on the Income Tax Portal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_a_Tax_Audit\"><\/span><span style=\"color: #000080;\"><strong>What is a Tax Audit?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A Tax Audit is a review of accounts conducted by a Chartered Accountant (CA) to ensure that an assessee has complied with the provisions of the Income Tax Act in reporting income, claiming deductions, and maintaining books of account.<\/p>\n<p>Tax Audit is mandated u\/s 44AB of the Income Tax Act, 1961.\u00a0 <span style=\"color: #000080;\"><strong>Types of Tax Audits<\/strong><\/span><\/p>\n<ol>\n<li>Correspondence Audit \u2013 Done through letters\/emails seeking clarification or documents.<\/li>\n<li>Office Audit \u2013 The assessee is required to visit the tax office with relevant documents.<\/li>\n<li>Field Audit \u2013 A tax officer visits the assessee\u2019s premises or accountant\u2019s office.<\/li>\n<\/ol>\n<p><span style=\"color: #000080;\"><strong>Tax Audit Due Date for FY 2024\u201325<\/strong><\/span><\/p>\n<table style=\"height: 239px;\" width=\"894\">\n<thead>\n<tr>\n<td><strong>Particulars<\/strong><\/td>\n<td><strong>Due Date<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Submission of Tax Audit Report<\/td>\n<td>30th September 2025<\/td>\n<\/tr>\n<tr>\n<td>Filing INCOME TAX RETURN for Audit Cases<\/td>\n<td>31st October 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Forms_Used_in_Tax_Audit\"><\/span><span style=\"color: #000080;\"><strong>Forms Used in Tax Audit<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Form 3CA: For taxpayers who are already required to get their accounts audited under other laws (e.g., Companies Act).<\/li>\n<li>Form 3CB: For taxpayers not required to get their accounts audited under any other law.<\/li>\n<li>Form 3CD: Statement of particulars to be furnished with either of the above.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_Required_to_Get_a_Tax_Audit_Done\"><\/span><span style=\"color: #000080;\"><strong>Who is Required to Get a Tax Audit Done?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Audit_for_Businesses_%E2%80%93_Us_44ABae\"><\/span><span style=\"color: #000080;\"><strong>Tax Audit for\u00a0<\/strong><\/span><span style=\"color: #000080;\">Businesses \u2013 U\/s 44AB(a)\/(e)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 371px;\" width=\"874\">\n<thead>\n<tr>\n<td>Condition<\/td>\n<td>Applicability<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Turnover &gt; \u20b91 crore<\/td>\n<td>Tax Audit is mandatory<\/td>\n<\/tr>\n<tr>\n<td>Turnover &gt; \u20b910 crore (from AY 2021-22)<\/td>\n<td>Only if 95% or more business transactions are digital<\/td>\n<\/tr>\n<tr>\n<td>Opted for Presumptive Taxation (44AD)<\/td>\n<td>No audit if turnover \u2264 \u20b92 crore and profit \u2265 8% (6% digital)<\/td>\n<\/tr>\n<tr>\n<td>Declared profit &lt; 8%\/6% under 44AD<\/td>\n<td>Tax audit mandatory even if turnover &lt; \u20b92 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Audit_for_Professionals_%E2%80%93_Us_44ABb\"><\/span><span style=\"color: #000080;\"><strong>Tax Audit for\u00a0<\/strong><\/span><span style=\"color: #000080;\"><strong>Professionals \u2013 U\/s 44AB(b)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 302px;\" width=\"889\">\n<thead>\n<tr>\n<td>Condition<\/td>\n<td>Applicability<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gross receipts &gt; \u20b950 lakh<\/td>\n<td>Tax Audit is mandatory<\/td>\n<\/tr>\n<tr>\n<td>Presumptive Scheme (44ADA) with profit \u2265 50%<\/td>\n<td>No audit if receipts \u2264 \u20b975 lakh (digital) or \u20b950 lakh<\/td>\n<\/tr>\n<tr>\n<td>Declared profit &lt; 50% under 44ADA<\/td>\n<td>Tax Audit required<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If a taxpayer&#8217;s business or profession meets the criteria u\/s 44AB, tax audit compliance is mandatory. With the deadlines of September 30 and October 31, 2025 approaching for FY 2024-25, it&#8217;s advisable to initiate audit procedures early, maintain proper records, and coordinate closely with your chartered accountant.<\/p>\n<p>Taxpayers should avoid the last-minute rush during the busy September\u2013October period. Helps in early detection of discrepancies or errors in books. Ensures sufficient time for correction, client verification, and uploading of reports.<\/p>\n<h3 data-start=\"68\" data-end=\"116\"><span class=\"ez-toc-section\" id=\"Tax_Audit_Requirement_for_Partnership_Firm-_Even_with_2_net_profit_since_turnover_is_under_INR_1_crore_and_presumptive_scheme_was_never_opted\"><\/span><span style=\"color: #000080;\">Tax Audit Requirement for Partnership Firm- Even with 2% net profit, since turnover is under INR 1 crore and presumptive scheme was never opted.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li data-start=\"121\" data-end=\"158\">Section 44AB (Tax Audit Limit): A tax audit is mandatory if turnover exceeds \u20b91 crore (raised to \u20b910 crores if cash receipts and payments do not exceed 5%). Since Partnership Firm\u2019s turnover is below \u20b91 crore, Section 44AB by itself does not apply.<\/li>\n<li data-start=\"395\" data-end=\"437\">Section 44AD (Presumptive Taxation): Eligible assessees (individuals, HUFs, partnership firms other than LLPs) with turnover \u2264 \u20b92 crores can declare income at 8% (6% for digital receipts). If such assessee declares lower income and total income exceeds the basic exemption limit, audit becomes mandatory. However, this rule applies only if the assessee is eligible and has opted for presumptive taxation in the first place.<\/li>\n<li data-start=\"888\" data-end=\"915\">Turnover: Below \u20b91 crore. Net profit: 2%. then Firm has never opted for Section 44AD in earlier years. Hence, the clause for compulsory audit under Section 44AD(5) does not trigger.No tax audit is required for your firm in this case, even with 2% net profit, since turnover is under \u20b91 crore and presumptive scheme was never opted.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Consequences_of_Missing_Tax_Audit_Deadline\"><\/span><span style=\"color: #000080;\"><strong>Consequences of Missing Tax Audit Deadline<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Penalty u\/s 271B: \u20b91,50,000 or 0.5% of total sales\/turnover\/gross receipts, whichever is lower.<\/li>\n<li>Loss of business deductions and delay in filing income tax returns.<\/li>\n<li>Ineligibility for carry forward of losses if the income tax return is not filed by the due date.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Tax Audit Deadline\/ Key Dates, Applicability &amp; Compliance Guide for FY 2024-25: Among the most crucial compliance deadlines in the Income Tax Calendar 2025, the Tax Audit deadline holds special importance for businesses, professionals, and partnership firms. Key Dates for FY 2024-25 Tax Audit Report Submission Deadline: 30th September 2025 Income Tax Return Filing Deadline &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117],"tags":[3322],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29640"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=29640"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29640\/revisions"}],"predecessor-version":[{"id":29887,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29640\/revisions\/29887"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=29640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=29640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=29640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}