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section 44AB

Latest Articles


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 4848 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 1827 Views 0 comment Print

Clause wise Items reportable in Tax Audit Report (Form 3CA/3CB/3CD)

Income Tax : Understand key reporting requirements for Tax Audit Reports under Sections 44AA and 44AB, including forms, clauses, and disclosure...

September 2, 2024 13716 Views 0 comment Print

Income Tax audit under section 44AB​: FAQs

Income Tax : Learn about tax audit under Section 44AB, including objectives, requirements, forms, and penalties for non-compliance....

August 28, 2024 1262672 Views 54 comments Print

Presumptive Taxation Scheme: Meaning, Eligibility & Implications

Income Tax : Understand presumptive taxation schemes under sections 44AD, 44ADA, and 44AE, including eligibility, computation, and maintenance ...

August 26, 2024 153084 Views 19 comments 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 34101 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 137157 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 1485 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 9882 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 14886 Views 3 comments Print


Latest Judiciary


Valuation of finished goods after following stock ageing effect justifiable

Income Tax : The assessee is engaged in the business of Manufacturing & Trading of Sarees, Salwar Suites and Dress Materials. A survey u/s 133A...

February 27, 2025 162 Views 0 comment Print

Amortization of Mining Lease Charges Allowed Under Section 35: ITAT Jaipur

Income Tax : Assessee being a subsidiary of M/s. Rajasthan State Mines and Minerals Ltd. (RSMML) (a Government of Rajasthan Undertaking). It en...

February 23, 2025 195 Views 0 comment Print

Addition of Unexplained Cash Deposit was sustained at 25% on basis of reasonable estimate

Income Tax : Aggrieved by the order passed by AO, assessee moved on with an appeal to CIT(A), where assessee challenged the reopening of the as...

February 18, 2025 189 Views 0 comment Print

Penalty u/s. 271B deleted as reasonable cause shown: ITAT Bangalore

Income Tax : ITAT Bangalore held that penalty under section 271B of the Income Tax Act for delay in uploading audit report set aside as reasona...

February 13, 2025 147 Views 0 comment Print

Section 271B Penalty Unfair if imposed Before Quantum Assessment: ITAT Agra

Income Tax : ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjus...

February 12, 2025 456 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 19, 2025 8010 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 36291 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 39384 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 39414 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 38760 Views 1 comment Print


Extend Time for filing ITR & Audit Report for A.Y 2020-21

December 23, 2020 22461 Views 4 comments Print

Income Tax Bar Association, Lucknow has requested Union Finance Minister to extend the due dates for tax audit and transfer pricing audit to 31st March 2021 and the Income Tax return filing also to 31st March, 2021 at the earliest. Relevant Text of the representation is as follows:- INCOME TAX BAR ASSOCIATION LUCKNOW (REGISTERED UNDER […]

Representation for Extension of time for Tax Audit & Return

December 21, 2020 28299 Views 9 comments Print

The Uttar Pradesh Tax Bar Association has made a Representation for Extension of time for filing Income Tax Return and for Income Tax Audit and they requested for extension of due dates to 31.03.2021 from the existing due dates of 31.12.2020. Download Representation for Extension of time for Tax Audit & Return in PDF Format […]

Extend due dates for Income Tax Audit & Returns for AY 2020-21

December 21, 2020 251316 Views 86 comments Print

Emerging Businesses Chamber Of Commerce has made a representation to FM and Request for Extension of Due Dates for filing Tax Audit, Audit Reports under income Tax Act and ITR for Assessment Year 2020-21. Request was made in view of The Covid-19 Pandemic, Night Curfew and its effect on professional work, Ongoing Farmers Protest in […]

Extend Income Tax & GST Audit/Return/Compliance dates

December 20, 2020 66825 Views 19 comments Print

Vyyapaar Mandal Association, Nagore & All India MSME and Tax Practitioners Association (AIMTPA) has made a representation to FM for Extension of Due date of GST Annual Returns F.Y. 2018-19 and 2019-20, and Income Tax Return & Tax Audits for A.Y. 2020-21 and compliance of Notices. Relevant Text of their Representation is as follows:- Dated: […]

Extend Due Dates for Tax Audit and Income Tax Return Filing

December 19, 2020 68640 Views 14 comments Print

Chartered Accountants Association, Jalandhar has made a representation to the FM and requested for extension of Due Dates for Tax Audi and Income Tax Return Filing for the Assessment Year 2020-21. Full text of the representation is as follows:- Chartered Accountants Association (C R Building, Model Town Road, Jalandhar) For correspondence care:- CA. Ashwani Jindal, […]

Request for extension of due dates of Tax Audit Reports/ITR

December 19, 2020 31326 Views 19 comments Print

All India Federation of Tax Practitioners (CZ) has requested CBDT that due date of filing return of income u/s 139(1) for all the assesses be suitably extended, to 28.02.2021,from the current extended due date of 31.12.2020 for AY 2020-21. Simultaneously, the ‘specified date’ for filing tax audit reports be extended from 31.12.2020 to 28.02.2021 as […]

Extend Tax/TP Audit Report & ITR filing due date for AY 2020-21

December 18, 2020 39570 Views 5 comments Print

CA Social Affiliation (CASA) has requested FM to extend the due dates of furnishing of Tax Audit Report U/s 44AB and Transfer Pricing Audit Report U/s 92E to 28th February, 2021 and Income Tax Return due date to 31st March, 2021 for all type of assessee for Assessment Year 2020-21.  Full Text of the Representation […]

Extend Due Date of filing Tax Audit & ITR to 31.03.2021

December 18, 2020 44787 Views 8 comments Print

Jamshedpur Chartered Accountants Society has made a representation to FM requesting for extension of Due Date of filing of Tax Audit and Income Tax Return for Assessment Year 2020-21 due to COVID 19 Pandemic. Date: 16/12/2020 Smt. Nirmala Sitaraman Hon’ble Finance Minister, Ministry of Finance. Government of India, North Block, New Delhi 110 001 Request […]

ICAI requests for extension of various Income-tax due dates

December 18, 2020 76419 Views 20 comments Print

Direct Taxes Committee of ICAI has Request(s) for extension of various due dates under Income-tax Act, 1961 especially Tax Audit Reports and related returns including Income Tax Return Forms for AY 2020-21 to Chairman, Central Board of Taxes.  Full text of the Representation is as follows:- Request(s) for extension of various due dates under Income-tax […]

Extend Due date for filing Tax Audit Report & ITR

December 17, 2020 41982 Views 2 comments Print

Lucknow CA Tax Practioners’ Association has made a Requested to FM  that the due date for filing of ITRs for all the taxpayers for AY 2020-21 be extended to 31st March, 2021 and the due date for filing the tax audit report also be extended to 28th February, 2021 and further requested to extend the […]

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