Tax Audit Deadline for AY 2026-27: What Happens If You Miss 30 September
Listen to the story
In India, some people and businesses must have a tax audit. This means a special check of their money records by an expert. The check must finish by 30 September for the year called AY 2026-27.
A group called MPTCA has asked the government for more time. They want the tax audit date moved to 30 November. They also want more time for a report called the audited ITR. They want that moved to 31 December.
But right now, the old date is still 30 September. Asking for more time does not mean you get more time. This is very important to understand.
If a business misses the date, they must pay a penalty. This is extra money you must pay for being late.
Even after your CA (a money expert) sends your tax audit report, your work is not finished. You still have more steps to do before 30 September.
Many businesses are waiting to see if the government will say yes to the extension. For now, everyone should plan to finish everything by 30 September.
Vocabulary8 words
- tax audit
- a careful check of money records by an expert
- audited ITR
- a tax report that has been checked and approved
- penalty
- extra money you pay for doing something wrong or late
- CA
- a trained expert who checks money and taxes
- extension
- more time given to finish something
- deadline
- the last day to finish something
- AY 2026-27
- a name for a tax year used in India
- MPTCA
- a group that speaks for tax experts
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Quiz
Answer key
1. 30 September 2. Give more time for the deadlines 3. False
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
In India, some people and businesses must have a _____.
The check must finish by 30 September for the year called _____.
A group called _____ has asked the government for more time.
They want the tax audit date moved to 30 _____.
They also want more time for a report called the _____.
But right now, the old date is still 30 _____.
If a business misses the date, they must pay a _____.
Even after your CA sends your tax audit report, your work is not _____.
Many businesses are waiting to see if the government will say yes to the _____.
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