Skip to content

CS Professional · Advanced Direct Tax Laws and Practice · Tax Audit

Under section 63(5)(a) of the Income-tax Act, 2025, what is the 'specified date' for furnishing the audit report for a tax year?

The specified date is one month before the due date for filing the return of income under section 263(1). The audit must be completed and the report furnished by that earlier date, as provided in section 63(5)(a).

  1. AThe due date for furnishing the return of income under section 263(1)
  2. BOne month prior to the due date for furnishing the return of income under section 263(1)Correct
  3. CThree months after the end of the tax year
  4. DSix months prior to the due date for furnishing the return

Explanation

Section 63(5)(a) defines the specified date as the date one month prior to the due date for furnishing the return of income under section 263(1). Option A confuses the audit report date with the return due date itself.

Did you get it right without looking?

One question tells you little. A timed set on Tax Audit shows your real accuracy, how long you take and where you lose marks.

Practise Tax AuditFree diagnostic mock

More Tax Audit questions