Income Tax : Understand the provisions of tax audit under Section 44AB of the Income Tax Act, including its objectives, applicability, prescrib...
Corporate Law : Background : Welcome to the blockbuster world of Tax Audit — where every figure has a backstory, every expense a mystery, and...
Income Tax : CBDT extended the Tax Audit due date to October 31, 2025 (AY 2025-26). Forms 3CA/3CB-3CD were updated with 71 changes, including m...
Income Tax : Learn about the five major changes to Income Tax Form 3CD for Assessment Year 2025-26, including new reporting requirements for MS...
Income Tax : A comprehensive guide to Form 3CD for tax audits under Section 44AB of the Income-tax Act. Learn about clause-by-clause reporting,...
CA, CS, CMA : Chartered Accountants Association, Ahmedabad requests extension of ITR and audit due dates for AY 2025-26 citing compressed timeli...
Income Tax : Explore the latest 2023 revision of the ICAI's Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961. Learn ab...
Income Tax : Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of Income-tax Act, 1961’ is issued by ICAI Direct Tax...
Income Tax : Members may to raise any issues related to Tax Audit where elucidation, clarification or further elucidation is desired at email i...
Income Tax : Representation requesting to scrap Clause No. 44 of Tax Audit Report (Form 3CD) under the Income Tax Act, 1961...
Income Tax : The Court found that intimations under Sections 143(1) and 154(3) were not communicated due to technical reasons. The matter was r...
Income Tax : The ITAT ruled that the AO and CIT(A) erred by mechanically raising a default demand simply because commission was paid to a non-r...
Income Tax : Discover how Chennai ITAT's verdict affects assessments. Learn how a typographical error in Form 3CD impacts additions to an asses...
Income Tax : In Uttam Narayanmal Mehta S K Metal Vs ITO case, ITAT Mumbai directs AO to re-adjudicate mistake in ITR filing regarding double ta...
Income Tax : In the case of SVT Wholesale Pvt. Ltd. Vs JCIT, the ITAT Bangalore evaluates the penalty imposed under Section 271D for violating ...
Income Tax : CBDT amends Income Tax Rules, effective April 1, 2025, revising Form 3CD, MSME interest provisions, buyback reporting, and loan/de...
Income Tax : Understand the implications of the corrigendum to Income Tax Notification No. 27 of 2024. Get insights into the changes and their ...
Income Tax : Stay updated with CBDT's Form 3CD Tax Audit Report Format, Form 3CEB & Form No. 65 revision. Learn about changes in tax audit rep...
Income Tax : The Central Board of Direct Taxes (CBDT) deferred the Tax Audit Clause 30C and 44 till 31st Mar 2022 due to COVID-19. F.No. 3701...
Income Tax : Amendment of the Income-tax Rules, 1962 to prescribe manner relating to option under section 115BAC and 115BAD, and that of determ...
The Court found that intimations under Sections 143(1) and 154(3) were not communicated due to technical reasons. The matter was remitted for fresh consideration after a revised audit report was filed.
Understand the provisions of tax audit under Section 44AB of the Income Tax Act, including its objectives, applicability, prescribed forms, due dates, and penalties for non-compliance by businesses and professionals.
Background : Welcome to the blockbuster world of Tax Audit — where every figure has a backstory, every expense a mystery, and every In the ever-evolving landscape of business and taxation, Tax Audit stands as a crucial checkpoint between enterprise performance and regulatory compliance. It bridges the world of figures and fairness, ensuring that what businesses report […]
The ITAT ruled that the AO and CIT(A) erred by mechanically raising a default demand simply because commission was paid to a non-resident. The Tribunal stressed that full compliance evidence (Form 15CB, Form 27Q, DTAA analysis) must be examined before classifying the assessee as a defaulter.
CBDT extended the Tax Audit due date to October 31, 2025 (AY 2025-26). Forms 3CA/3CB-3CD were updated with 71 changes, including mandatory reporting of MSME payment interest disallowance, legal contraventions, and ‘Amount Received’ (Clause 36B).
Learn about the five major changes to Income Tax Form 3CD for Assessment Year 2025-26, including new reporting requirements for MSME payments, share buybacks, and loans.
Chartered Accountants Association, Ahmedabad requests extension of ITR and audit due dates for AY 2025-26 citing compressed timelines and compliance challenges.
A comprehensive guide to Form 3CD for tax audits under Section 44AB of the Income-tax Act. Learn about clause-by-clause reporting, procedures, and common issues.
This guide explains the clauses of Form 3CD, the tax audit report, detailing reporting requirements for various transactions, from indirect taxes to business expenses.
Key points for auditors on Clause 34 of the Tax Audit Report, covering TDS/TCS compliance, statement furnishing requirements, and interest liability under Sections 201(1A) and 206C(7).
