Which body extended the income tax return and audit report dates for Assessment Year 2026-27?
- A.Central Board of Indirect Taxes and Customs
- B.Central Board of Direct Taxes
- C.Income Tax Appellate Tribunal
- D.Comptroller and Auditor General of India
Correct answer
Explanation
The correct answer is the Central Board of Direct Taxes, usually written as CBDT, which functions under the Ministry of Finance and administers direct taxes such as income tax. It is CBDT that fixed the new dates for the return of income and for the report of audit under the Income-tax Act, 1961. Option A is wrong because the Central Board of Indirect Taxes and Customs deals with indirect levies such as customs duty and goods and services tax, and has no role in income tax filing dates. Option C is wrong because the Income Tax Appellate Tribunal is an appellate forum that hears disputes; it decides appeals and does not issue filing calendars. Option D is wrong because the Comptroller and Auditor General audits the accounts of government, not the returns of private taxpayers, and cannot extend a statutory due date. A formal order giving effect to the extension is being issued separately by the Board.
Read the full article: CBDT Extends ITR Due Date for AY 2026-27 to 21 November 2026
Practice Questions
CBDT has extended the due date for furnishing the return of income for Assessment Year 2026-27 in audit cases to which date?
- A.31 October 2026
- B.21 November 2026
- C.30 November 2026
- D.15 December 2026
Show answer
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.
Read the full explanation →The 'specified date' for furnishing the report of audit for Assessment Year 2026-27 now falls on which date?
- A.30 September 2026
- B.21 October 2026
- C.31 October 2026
- D.21 November 2026
Show answer
Because a return in an audit case rests on an auditor's report, the Board shifted the report deadline along with the return deadline, and the report is now due on the twenty-first day of October.
Read the full explanation →How many Central Public Sector Enterprises took part in the MSME Ministry's round table discussion?
- A.15
- B.24
- C.30
- D.42
Show answer
The announcement states that thirty Central Public Sector Enterprises joined the discussion, and names BHEL, BEL, NTPC, AAI, BEML and Coal India Limited among them.
Read the full explanation →Which scheme of the MSME Ministry handholds SC/ST micro and small enterprises for public procurement?
- A.National SC-ST Hub Scheme
- B.Prime Minister's Employment Generation Programme
- C.Credit Guarantee Fund Trust for Micro and Small Enterprises
- D.Udyam Registration
Show answer
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…
Read the full explanation →Under the Government's Public Procurement Policy, what share of procurement is mandated from SC/ST micro and small enterprises?
- A.3 per cent
- B.4 per cent
- C.20 per cent
- D.25 per cent
Show answer
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.
Read the full explanation →