For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, 2025, potentially facing penalties for delays. The Bombay Chartered Accountants’ Society has requested an extension due to challenges like delayed utility releases and systemic portal issues, impacting compliance quality and deadlines.
from Tax-Wealth-Economic Times https://ift.tt/JTQtq6m
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