September 30, 2024 is the deadline for submitting income tax audit reports for AY 2023–2024. This article covers who must submit an audit report, what happens if the deadline is missed, and how to make sure the report is submitted accurately and on time. To stay out of trouble and make sure you're following the tax laws, get professional guidance and support from myITRonline.

The income tax audit process for FY 2023-24 can be challenging, but with the right preparation, businesses and individuals can manage it effectively. This blog explores who is required to undergo an audit, how to prepare by gathering essential documents like Form 16 and Form 26AS, and the steps involved in the audit process. Engaging a Chartered Accountant (CA) is key to ensuring compliance with tax regulations. The audit process also provides opportunities for improving financial record-keeping, tax planning, and dispute resolution. This guide offers insights into navigating the audit process confidently.