BREAKING: CIRC of ICAI Requests Finance Ministry to Extend Due Date of Tax Audit Reports for FY 2024-25 till Dec 31
The Central India Regional Council (CIRC) under the Institute of Chartered Accountants of India (ICAI), set up by an Act of Parliament, has sent a representation to the Honourable Minister of Finance and Corporate Affairs, Nirmala Sitharaman, highlighting the key issues faced by taxpayers, professionals and other stakeholders in meeting the legal requirements of filing Tax Audit Reports (TAR) for the financial year 2024-25 (assessment year 2025-26). CIRC is grateful to the finance ministry for the recent extension in the due date of income tax return (ITR) filing; however, due to the ongoing complexities in reporting and the practical challenges being faced, there is still an urgent need for a further extension of the due dates.
CIRC appreciated the Finance Ministry’s move to extend the due date for filing the Income Tax Return (ITR) from July 31, 2025, to September 15, 2025, for non-audit cases; the late release of ITR forms has put extra pressure on both taxpayers and professionals. However, the deadline for filing the Tax Audit Reports (ITR) is the same, i.e., September 30, 2025.
On top of this, ongoing technical issues on the Income Tax e-filing portal are making it harder to file reports on time. The compliance period from July to October is already very busy, with GST returns, company law filings (like annual returns and financial statements with MCA), and other sector-specific requirements falling due at the same time. These overlapping deadlines are creating genuine difficulties in completing tax audits properly within the given time.
Considering all these aforementioned challenges, the Central India Regional Council (CIRC) has respectfully requested the finance ministry to extend the deadline for filing Tax Audit Reports (TARs) for the financial year 2024-25 (assessment year 2025-26) till 31st December 2025. This extension will give taxpayers and professionals the time needed to comply more efficiently and accurately.
At the end of the representation, the Central India Regional Council (CIRC) sincerely requested the finance ministry to draw their attention towards this matter in the interest of smoother tax administration and better compliance.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, the Chartered Accountants Act, 1949, on July 01, 1949. It works under the administrative control of the Ministry of Corporate Affairs, Government of India, and is allotted the responsibility of regulating the profession of Chartered Accountancy across the country. The Institute operates through five regional councils: Eastern, Western, Northern, Southern, and Central.
