CBDT extends timeline for filing audit reports for AY 2022-23

CBDT extends timeline for filing audit reports for AY 2022-23

The timeline for filing various audit reports for Assessment Year 2022-23 under the Income Tax Act, 1961 for certain categories of assesses has been extended by the Central Board of Direct Taxes (CBDT).

The CBDT, vide Circular No. 19/2022, dated 30.09.2022, has extended the due date from 30th September, 2022 to 7th October, 2022.

"On consideration of difficulties faced by the taxpayers and other stakeholders in electronic filing of various reports of audit under the provisions of the Income-tax Act,1961 (Act), the Central Board of Direct Taxes (CBDT), in exercise of its powers under Section 119 of the Act, extends the due date of furnishing of report of audit under any provision of the Act for the Previous Year 2021- 22, which was 30th September 2022 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07th October, 2022", the Circular reads.