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EconomyEasy

CBDT has extended the due date for furnishing the return of income for Assessment Year 2026-27 in audit cases to which date?

  1. A.31 October 2026
  2. B.21 November 2026
  3. C.30 November 2026
  4. D.15 December 2026

Correct answer

B. 21 November 2026

Explanation

The correct answer is 21 November 2026. For the class of taxpayers who must get their accounts audited, the statutory last date to file the return of income for Assessment Year 2026-27 was 31 October 2026, and the Central Board of Direct Taxes has now pushed it forward by three weeks. Option A is wrong because 31 October 2026 is the old date, the one being replaced, and quoting it would mean ignoring the extension altogether. Option C is wrong because no date at the end of November was announced; the Board fixed a specific day and that day is the twenty-first, not the thirtieth. Option D is wrong because December does not enter this announcement at all; the only December reference an aspirant might confuse it with belongs to other filing windows and not to this order. Along with the return date, the date for furnishing the audit report was also moved, which is the second half of the same decision.

Read the full article: CBDT Extends ITR Due Date for AY 2026-27 to 21 November 2026

Q4.EconomyMedium

Which scheme of the MSME Ministry handholds SC/ST micro and small enterprises for public procurement?

  1. A.National SC-ST Hub Scheme
  2. B.Prime Minister's Employment Generation Programme
  3. C.Credit Guarantee Fund Trust for Micro and Small Enterprises
  4. D.Udyam Registration
Show answer
Correct answer: A. National SC-ST Hub Scheme

The Joint Secretary told the round table that the promotion and handholding done under this scheme has steadily raised the share of SC/ST micro and small enterprises in public procurement, and the scheme's field offices are the ones being asked to coordinate more closely with the Government e-Marketplace and with…

Q5.EconomyMedium

Under the Government's Public Procurement Policy, what share of procurement is mandated from SC/ST micro and small enterprises?

  1. A.3 per cent
  2. B.4 per cent
  3. C.20 per cent
  4. D.25 per cent
Show answer
Correct answer: B. 4 per cent

The round table with Central Public Sector Enterprises was convened precisely to monitor how far they have met the mandated four per cent sourcing from micro and small enterprises owned by Scheduled Caste and Scheduled Tribe entrepreneurs.