Tax Audit Report Deadline Extended to Oct 31, 2025: Rajasthan & Karnataka HC Orders

Tax Audit Report Deadline Extended

Tax Audit Report Deadline Extended: Hearing the writ petitions filed by the Bhilwara and Jodhpur taxbar associations, the Rajasthan High Court in its interim order today (Wednesday, September 24, 2025) directed the central-government and CBDT to extend the taxaudit report (TAR) due date to October 31, 2025. On the other hand, the Karnataka HighCourt has directly ordered to extend the deadline to October 31, 2025.

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Gold Slips Ahead of FOMC Decision

FOMC Decision: Gold (XAU/USD) fell to around $3,680 per ounce on Wednesday, likely on profit-taking after the metal notched a fresh record in the previous session and tested the $3,700 milestone.

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USD/INR Dips: Fed Hints at September Interest Rate Reduction

Rupee

The Indian Rupee (INR) edges higher against the US Dollar (USD) at the start of the week. The USD/INR pair drops to near 88.25 after posting a fresh all-time high slightly above 88.50 on Friday. The pair retraced quickly from its all-time high, following likely intervention of the Reserve Bank of India (RBI) to support the Indian Rupee, according to a report from Reuters.

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