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...
Article explains Why it seems impossible to report accurate / reliable details in clause no. 44 of Form No. 3CD (Tax Audit Report)
Purchase and capital expenditures are required to be reported under clause 44 of Tax Audit report as both falls under expenditure terminology
Article explains Clause 44 of Tax Income Tax Audit Report as applicable to Assessment Year in view of Recent ICAI Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2022-23. Clause 44 deals with Break-up of total expenditure of entities registered or not registered under GST.
Understand the applicability of Clause 44 in Form 3CD for disclosing GST-related expenditures. Learn about the different categories and reporting requirements.
Representation requesting to scrap Clause No. 44 of Tax Audit Report (Form 3CD) under the Income Tax Act, 1961
More than 6.63 crore Income Tax Returns (ITRs) and 99.27 lakh statutory forms filed on the new e-filing portal of the Income Tax Department More than 6.63 crore Income Tax Returns (ITRs) were filed for AY 2021-22 on the new e-filing portal of the Income Tax Department as on 15th March, 2022, which was the […]
Around 6.17 crore Income Tax Returns (ITRs) and about 19 lakh major Tax Audit Reports (TARs) filed on new e-Filing portal of Income Tax Department Around 6.17 crore Income Tax Returns (ITRs) and about 19 lakh major Tax Audit Reports(TARs) have been filed on the new e-Filing portal of the Income Tax Department as on […]
Article contains FAQs on Tax Audit Report (Form 3CA-CB/ Form 3CB-CD), Form 10 B, Form 29B, Form 10DA, Form 56F, Form 10E, Form 10-IE, Form 67, Form 10BA, Form 35, Form 10-IC, Form 10-IB & Form 10-ID. Tax Audit Report (Form 3CA-CB/ Form 3CB-CD) FAQ 1: While submitting Form 3CB-3CD, “Unique Document Identification Number (UDIN)” […]
Form 3CA-3CB-3CD – Schema Change Till 6th January 2022 Form 3CA-3CB-3CD – Schema was first released on 26 October, 2021 and after that it was changed thrice. First time 9 changes in Form 3CA-3CB-3CD – Schema were made on 3rd November, 2021, Second time 49 Change were made on 2 December, 2021 and recently 3 changes […]
Clarification on Form 3CA- Form 3CD, Form 3CB- Form 3CD In order to avoid errors in form filing and verification, kindly ensure that following points are considered: 1. Use the latest version of the utility for generating JSON 2. Please re-enter data, if any, in clauses 11, 18, 20, 21, 26 and 34 and generate […]
