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section 44AB

Latest Articles


Tax Audit Under Section 44AB – A Practical Training Guide

Income Tax : Understand Section 44AB tax audit requirements, including turnover limits, reporting forms (3CD), penalty provisions, and key comp...

July 7, 2025 1230 Views 0 comment Print

How Small Businesses can Optimize Tax Benefits under Income Tax Act 1961

Income Tax : Learn how small businesses in India can optimize tax benefits through strategic structuring, presumptive taxation, deductions, MSM...

May 5, 2025 714 Views 0 comment Print

Taxability of director remuneration: Salary or Business income

Income Tax : Understand whether director remuneration is taxed as salary or business income. Learn about tax implications, employer-employee re...

March 3, 2025 11730 Views 0 comment Print

Due Date Compliance Calendar for month of October 2024

CA, CS, CMA : Stay compliant with key September 2024 deadlines for GST, Income Tax, and ROC filings. Avoid penalties with this essential due dat...

October 3, 2024 4977 Views 0 comment Print

Income Tax Deductions allowable to tax payer

Income Tax : Explore allowable tax deductions for AY 2025-26, covering salaries, house property, business, and personal expenses. Maximize your...

September 7, 2024 1917 Views 0 comment Print


Latest News


Request for Form 10B and Form 10BB Relaxation & due date Extension

Income Tax : Chamber of Tax Consultants seeks an extension for filing Form 10B and Form 10BB while requesting relaxation of requirements. Detai...

October 27, 2023 34206 Views 0 comment Print

Guidance Note on Tax Audit under Section 44AB

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...

September 5, 2023 138465 Views 0 comment Print

Income Tax Audit Clinic

Income Tax : Members may to raise any issues related to Tax Audit where elucidation, clarification or further elucidation is desired at email i...

September 20, 2022 1530 Views 0 comment Print

Abolish requirements of reporting under Clause 44 of Tax Audit Report: CASS

CA, CS, CMA : Representation to CBDT on information sought from Tax Auditors under Clause 44 of Form 3CD and request to abolish this requirement...

August 25, 2022 9933 Views 1 comment Print

Representation to scrap Clause No. 44 of Tax Audit Report (Form 3CD)

Income Tax : Representation requesting to scrap  Clause No. 44 of  Tax Audit Report (Form 3CD) under the Income Tax Act, 1961...

August 18, 2022 14985 Views 3 comments Print


Latest Judiciary


Benefit of section 50B granted as conditions of slump sale satisfied: ITAT Mumbai

Income Tax : ITAT Mumbai held that all the conditions of slump sale as provided under section 2(42C) of the Income Tax Act read with section 50...

June 30, 2025 198 Views 0 comment Print

Telangana HC Upholds Penalty on Bookie for Tax Audit Non-Compliance

Corporate Law : Telangana High Court dismisses a bookie's appeal, affirming a Rs. 1 lakh penalty for failing to audit accounts despite a high turn...

June 26, 2025 318 Views 0 comment Print

Orissa HC Unjustified in Interfering with Quarry Tender Despite Valid ITR & GST Certificate: SC

Corporate Law : Additionally, the GST certificate issued by the Superintendent of Central GST confirmed no outstanding dues and that the re-tender...

June 26, 2025 120 Views 0 comment Print

Section 271B Penalty Upheld for Non-Compliance with Section 44AB Tax Audit

Income Tax : ITAT Surat affirms penalty on Pristine Jewellery for non-compliance with tax audit requirements, rejecting claims of reasonable ca...

June 21, 2025 225 Views 0 comment Print

Exclude House gifted to daughter for Section 54F exemption: ITAT Hyderabad

Income Tax : ITAT Hyderabad held that denial of exemption under section 54F on allegation of more than one residential house unwarranted as one...

June 19, 2025 939 Views 0 comment Print


Latest Notifications


CBDT extends Due Date for Filing Form 56F for AY 2024-25

Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...

February 18, 2025 9663 Views 0 comment Print

CBDT revises Form 3CD Tax Audit Report Format, Form 3CEB & Form No. 65

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...

March 5, 2024 36771 Views 0 comment Print

CBDT extends due date of Filing Audit report- Section 10AA(8)

Income Tax : Read Circular 18/2023 from the Government of India Ministry of Finance. Learn about the extension of the filing deadline for Incom...

October 20, 2023 39486 Views 0 comment Print

New reporting requirements in Form 3CD & Revision

Income Tax : CBDT has vide Notification No. 28/2021-Income Tax inserted new clauses in Form 3CD (Tax Audit Report) and also notified that Tax A...

April 1, 2021 39756 Views 1 comment Print

CBDT Defers GST & GAAR reporting till 31.03.2022

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...

March 25, 2021 38811 Views 1 comment Print


Latest Posts in section 44AB

Tax Audit Under Section 44AB – A Practical Training Guide

July 7, 2025 1230 Views 0 comment Print

Understand Section 44AB tax audit requirements, including turnover limits, reporting forms (3CD), penalty provisions, and key compliance areas for businesses and professionals.

Benefit of section 50B granted as conditions of slump sale satisfied: ITAT Mumbai

June 30, 2025 198 Views 0 comment Print

ITAT Mumbai held that all the conditions of slump sale as provided under section 2(42C) of the Income Tax Act read with section 50B of the Act is satisfied. Accordingly, benefit of section 50B granted and AO directed to compute the business income accordingly.

Telangana HC Upholds Penalty on Bookie for Tax Audit Non-Compliance

June 26, 2025 318 Views 0 comment Print

Telangana High Court dismisses a bookie’s appeal, affirming a Rs. 1 lakh penalty for failing to audit accounts despite a high turnover, rejecting contradictory claims.

Orissa HC Unjustified in Interfering with Quarry Tender Despite Valid ITR & GST Certificate: SC

June 26, 2025 120 Views 0 comment Print

Additionally, the GST certificate issued by the Superintendent of Central GST confirmed no outstanding dues and that the re-tender order resulted in loss of competitive advantage and investments already made in connection with the lease.

Section 271B Penalty Upheld for Non-Compliance with Section 44AB Tax Audit

June 21, 2025 225 Views 0 comment Print

ITAT Surat affirms penalty on Pristine Jewellery for non-compliance with tax audit requirements, rejecting claims of reasonable cause and distinguishing previous judgments.

Exclude House gifted to daughter for Section 54F exemption: ITAT Hyderabad

June 19, 2025 939 Views 0 comment Print

ITAT Hyderabad held that denial of exemption under section 54F on allegation of more than one residential house unwarranted as one residential house is gifted to his daughter. Accordingly, exemption allowed and appeal of revenue dismissed.

ITAT Dismisses Revenue Appeals Below ₹60L Tax Effect, Calls Grounds ‘Cryptic & Nebulous’

June 18, 2025 219 Views 0 comment Print

ITAT Nagpur dismissed the Income Tax Department’s appeal against a civil contractor for AY 2011-12, citing ‘cryptic and nebulous’ grounds and a tax effect below ₹60 lakhs.

ITAT directs CIT(A) to issue speaking order instead of dismissing on technical grounds

June 14, 2025 150 Views 0 comment Print

ITAT Kolkata directs CIT(A) to issue a speaking order on merits, setting aside an ex parte dismissal in an income tax appeal.

Commission earned from sugar mills is business income hence eligible for deduction u/s. 80P

June 13, 2025 582 Views 0 comment Print

ITAT Lucknow held that commission earned by Cane Development Councils or Cooperative Cane Development Unions from sugar mills on supply of sugar cane is business income and hence eligible for deduction under section 80P of the Income Tax Act.

Delay in filing Audit Report in Form 10B due to Covid-19 condoned: Orissa HC

June 13, 2025 228 Views 0 comment Print

Orissa High Court held that delay in filing Audit Report in Form 10B due to Covid-19 pandemic condoned and since it is settled law that delay in case of genuine hardship need to be allowed.

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