Under Income Tax Act, 1961, Section 44AB mandates that certain assessees must get their accounts audited and furnish an audit report (“Tax Audit Report” or TAR) if their turnover/gross receipts cross specified thresholds.
In particular:
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Businesses with turnover exceeding ₹1 crore (or ₹2 crore in some presumptive cases) are typically required to get a tax audit.
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Professionals whose gross receipts exceed ₹50 lakh also may be under the audit mandate.
Filing this audit report timely is important: failure may attract penalty under Section 271B.
For a clinic or business such as VR Speech & Hearing Clinic, if the turnover or receipts cross those thresholds, this audit requirement may apply.
Original and extended deadlines for FY 2024-25 / AY 2025-26
Original deadlines
For assessees under clause (a) of Explanation 2 to sub-section (1) of Section 139, the originally notified “specified date” for furnishing the audit report (TAR) was 30 September 2025.
The original due date for filing the Income Tax Return (ITR) by those requiring audit was 31 October 2025.
First extension
In view of representations from tax professionals and adverse conditions (such as floods, etc), and following orders of the Rajasthan High Court and the Karnataka High Court, the CBDT issued a press release on 25 September 2025 extending the audit report deadline to 31 October 2025.
This gave the assessees an extra month to submit their audit reports.
Further extension
More recently, the CBDT again extended deadlines:
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The audit report (TAR) due date is now 10 November 2025.
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The ITR filing due date for audit-cases is now 10 December 2025.
So, for FY 2024-25 (AY 2025-26):
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Audit Report: originally 30 Sep → extended 31 Oct → now 10 Nov
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ITR for audit cases: originally 31 Oct → now 10 Dec
Who does this apply to?
The extension applies to assessees referred to in clause (a) of Explanation 2 to sub-section (1) of Section 139 of the Income Tax Act. In simpler terms, those whose accounts require audit and are thus required to file both the audit report and the ITR accordingly.
If your business (for example, VR Speech & Hearing Clinic) falls in the category requiring audit (based on turnover/receipts), then the extended deadlines apply.
What happens if you miss the deadline?
If the audit report is not filed within the permissible date:
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Penalty under Section 271B may apply: 0.5% of turnover/gross receipts or ₹1,50,000, whichever is lower.
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Filing ITR without audit report (where audit required) can invite scrutiny and complications.
Hence it’s advisable to prepare and submit timely under the extended schedule.
Implications for a business like VR Speech & Hearing Clinic
Given your business interest in audiology/hearing-aid services:
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Determine whether your receipts/turnover exceed the audit threshold under Section 44AB.
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If audit is required, plan to get the books audited and the tax audit report (TAR) filed by 10 November 2025.
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Prepare the ITR for audit cases by 10 December 2025.
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Coordinate early with your Chartered Accountant (CA) to avoid last-minute rush, given the extended timeline may also lead to heavier workloads.
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Ensure all required documentation (cash books, ledgers, bank statements, purchase/sales invoices, stock records, etc.) are up-to-date so that the audit can be completed in good time.
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Even though deadlines are extended, don’t delay unduly — submitting early reduces risk of errors, system glitches or penalty exposure.