Do we need extension for filing of ITR and Tax audit report?

Yes it is true. No Diwali for tax Professionals.
Be prepared for this.

I dont think extension should be provided..
few if not all wait for deadline and when the deadline is near they ask for extension
even if they extend by one more month again few will have their pending work
hence i think no extension should bd provided
it's better to complete the work rather than waiting for extension so that at later stage we don't have to panic..
and can chill
(just my view)