As the 30 September deadline approaches for tax audit reports for AY 2026-27, taxpayers are advised to meticulously check their submissions to avoid errors that could lead to scrutiny or notices, especially with recent reporting changes and tighter compliance requirements.
Taxpayers facing the 30 September deadline for tax audit reports for assessment year 2026-27 should not assume that filing once is the end of the matter. According to the TV9 Hindi report, many businesses and professionals have already uploaded their audit reports, but rushed submissions can still contain mistakes that may later trigger notices from the income tax department.
Esha Sekhri, founder of Isha Sekhri & Associates LLP, said taxpayers should review what they have filed before the deadline, because even basic errors can be fixed in time. The report notes that this year has also brought changes to some reporting requirements, which makes a fresh check even more important.
Among the most common errors is a failure to complete the UDIN step properly. The report says an auditor may upload the audit, but if the taxpayer does not accept it on the portal, the filing is not treated as validly submitted. Other frequent problems include entering the wrong business nature while reporting HSN or SAC codes, and failing to match turnover figures with Form 26AS, AIS, TIS and GST returns.
The article also flags tighter scrutiny around MSME payments under Section 43B(h), where certain outstanding dues to small and micro businesses must be reported correctly. It adds that details linked to buybacks under Clause 36B are often overlooked. If a taxpayer spots a mistake before 30 September, the report can be corrected, but only for genuine clerical or calculation errors, not to alter the underlying accounting treatment.
Even after the deadline, revisions are still possible in some cases, the report says, with changes allowed up to 31 March 2027 for financial year 2025-26. That may become necessary if a taxpayer makes a relevant payment after the original filing, or if a later legal change or court ruling affects the position. The key point, according to the article, is that the audit report and the income tax return due by 31 October must match; if the return has already been filed and the audit report is later revised, the return may also need to be updated to avoid a defective return notice.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
