Tax audit report errors to check before 30 September deadline

Taxpayers who have already filed their tax audit report for assessment year (AY) 2026-27 should check for errors before the 30 September deadline, Livemint reports. Common mistakes include incorrect UDIN and digital signature issues, wrong HSN/SAC codes, mismatches in turnover reported in books against Form 26AS and GST returns, and errors in reporting loans and deposits.

Isha Sekhri, founder of Isha Sekhri & Associates LLP, told Livemint that the tax audit report can be revised before or after 30 September, but revision should be an exception. Clerical or arithmetic errors, omissions, and incorrect disclosures can be corrected, but the underlying accounting position cannot be changed. A revised report must be furnished by 31 March 2027.

Professional bodies such as the Madhya Pradesh Tax Consultants Association have urged the finance minister to extend the deadline to 30 November 2026, Livemint reports separately. However, no extension has been granted yet, and the official deadline remains 30 September. Taxpayers are advised to reconcile GST and TDS records, verify disclosures, and approve the report on the portal before the deadline.