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Tag: Section 271B penalty

Tax Audit Deadline Extended to 21 October 2026: What It Means for Foreign-Owned Companies

The tax audit deadline extended to 21 October 2026 gives audit-case taxpayers a short window, but many foreign-owned companies are unsure whether it applies to them. On 28 September 2026, the Central Board of Direct Taxes (CBDT) moved the date for furnishing the tax audit report for Assessment Year (AY) 2026-27 from 30 September to […]

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