Income-tax Act 1961 – TAX UPDATE INDIA

Tax Audit Due Date Extended to 21 October 2026: CBDT Circular 07/2026 Moves the ITR Date to 21 November for Audited Assessees

CA Adityavikram Banka September 29, 2026

CBDT Circular 07/2026 extends the AY 2026-27 tax audit due date to 21 October 2026 and the ITR date to 21 November 2026 for audited assessees outside Section 92E.

Flash News

FEMA Export Realisation Period From October 1, 2026: Nine Months Stays, the Clock Moves to Invoice and Sale Dates (RBI Amendment of 22 September 2026)

Tax Audit Due Date Extended to 21 October 2026: CBDT Circular 07/2026 Moves the ITR Date to 21 November for Audited Assessees

Late Tax Audit Report Penalty for FY 2025-26: Section 271B, the Section 273B Reasonable-Cause Defence and the New Section 428 Fee Under the Income-tax Act 2025

TDS on Property Purchase From NRI Without TAN From October 1, 2026: Form 141 Schedule E Under CBDT Notification 121/2026

Section 40A(3) Cash Payment Disallowance in the September 30, 2026 Tax Audit: The Rs 10,000 Rule, Rule 6DD Exceptions and the Move to Section 36 of the Income-tax Act 2025

Tax Audit Applicability for FY 2025-26: Who Must File by September 30, 2026 (Section 44AB Limits, the Rs 10 Crore Test and the Presumptive Trap)

Form 3CD Clauses Founders and CAs Get Wrong in the September 30, 2026 Tax Audit (and the Move to Form 26 Under the Income-tax Act 2025)

Section 43B(h) and the September 30, 2026 Tax Audit: The MSME Payment Disallowance Founders Get Wrong (and Its Move to Section 37 of the Income-tax Act 2025)

CBDT FAQ Deep-Dive #12: Section 40(a)(ia) TDS Disallowance Before the September 30, 2026 Tax Audit and the Move to Section 35(b) of the Income-tax Act 2025

CCFS-2026 Closes September 15, 2026: What Defaulting Companies Must Do Next as the MCA Amnesty Window Ends (General Circular 04/2026)

Tag: Income-tax Act 1961

Tax Audit Due Date Extended to 21 October 2026: CBDT Circular 07/2026 Moves the ITR Date to 21 November for Audited Assessees

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