The Income Tax Department has taken a big decision. Actually, the Income Tax Department has extended the deadline for filing Tax Audit Report for the financial year 2021-22 by 7 days to October 7, 2022. Earlier the deadline was September 30, 2022.
“In view of the difficulties being faced by the taxpayers and other stakeholders in filing various audit reports for the assessment year 2022-23, the Central Board of Direct Taxes (CBDT) has decided to conduct various audits for the assessment year 2022-23,” an official statement said. It has been decided to extend the deadline for filing audit reports from September 30, 2022 to October 7, 2022.
CBDT extends the due date for filing of various reports of audit for Assessment Year 2022-23 from 30th September, 2022 to 7th October, 2022 for certain categories of assessees. Circular No. 19/2022 dated 30.09.2022 issued pic.twitter.com/QoKpaFRXwV
— Income Tax India (@IncomeTaxIndia) September 30, 2022
It is worth noting that in the current financial year 2022-23 till August 31, more than Rs 1.14 lakh crore tax refund has been done. The Central Board of Direct Taxation (CBDT) has refunded Rs 1.14 lakh crore to more than 1.97 crore taxpayers in the first five months of the current financial year from April 1, 2022 to August 31, 2022. According to the tweet released by Income Tax India, till now in April-August 2022, CBDT has released Rs 61,252 crore in 1,96,00,998 cases. Apart from this, corporate tax refund of Rs 53,158 crore has been done so far in 1,46,871 cases.
Taxpayers who have to get their accounts audited by a chartered accountant under income tax Income Tax The tax audit report has to be filed in the department by September 30.
1.14 lakh crore refund of taxpayers in 5 months
It is worth noting that in the current financial year 2022-23 till August 31, more than Rs 1.14 lakh crore tax refund has been done. The Central Board of Direct Taxation (CBDT) has refunded Rs 1.14 lakh crore to more than 1.97 crore taxpayers in the first five months of the current financial year from April 1, 2022 to August 31, 2022. According to the tweet released by Income Tax India, till now in April-August 2022, CBDT has released Rs 61,252 crore in 1,96,00,998 cases. Apart from this, corporate tax refund of Rs 53,158 crore has been done so far in 1,46,871 cases.
