Do you need to conduct a tax audit by Sept 30?
The Income Tax Audit deadline is September 30, 2026, for the financial year 2026-2027. Only Chartered Accountants can perform the audit, and they must upload the tax audit report on behalf of the taxpayer through the e-filing ITR portal. Under Section 44AB of the Income-tax Act, 1961, businesses with a turnover or gross receipts exceeding Rs 1 crore and certain specified professions with gross receipts above Rs 50 lakh are required to get their accounts audited.
However, certain presumptive-taxation cases, such as declaring income below the prescribed rate or being subject to audit under presumptive provisions, may not require a tax audit. Tax auditors should assign themselves through the e-filing portal, complete the audit and upload the report using the offline utility, and the taxpayer must accept and e-verify the report.
The tax audit report should then be reviewed and accepted on the e-filing portal to complete the filing process.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
