Should due date of filing tax audit report increase this year?

Should due date of filing tax audit report increase this year?

Yes. It should get extended.

Otherwise quality of audit will get affected.

There are many chartered accountants and their staff working late night for completing all the audit reports along with Income Tax Returns of the Companies.

There is huge penalty for non filing Audit Reports on or before due date.

In such cases, to avoid penalty, quality of the audit will be compromised and returns will be uploaded well within due date.


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