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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 4845 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 159 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 453 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


Audit report filing in Form 10CCB before due date for filing of return of income u/s 139(1) is not mandatory

March 18, 2024 3720 Views 0 comment Print

Delhi ITAT rules on the filing of Form 10CCB before due date per Sec 139(1). Analysis of Sanjay Kukreja vs ACIT case & its impact on deduction u/s 80-IA.

Tax Auditor-Recent Onerous Responsibility

March 11, 2024 852 Views 0 comment Print

Understand the recent changes in tax audit responsibilities imposed by the Central Board of Direct Tax in India. Explore amendments and implications for tax auditors.

Updated Return of Income under Income-tax Act

March 11, 2024 4389 Views 0 comment Print

Understand the concept of Updated Return under the Income-tax Act, its necessity, tax implications, and filing process. Get insights for timely compliance.

Amendments in Form – 3CD for AY 2023-2024

March 7, 2024 13059 Views 0 comment Print

CBDT updates Form 3CD for AY 2023-2024, including major amendments for tax audit reporting. Essential insights for professionals and taxpayers alike.

New Financial Year and New ITR Forms

March 6, 2024 2826 Views 0 comment Print

Explore crucial updates in ITR forms for the Financial Year 2023-24. From tax regime shifts to added disclosures, stay informed for seamless filing. Get expert insights.

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

March 5, 2024 36291 Views 0 comment Print

Stay updated with CBDT’s Form 3CD Tax Audit Report Format, Form 3CEB & Form No. 65 revision. Learn about changes in tax audit report format. Notification No. 27/2024-Income Tax Dated: 5th March, 2024

Non-Tax-Audited Individual Exempt from TDS Deduction under Section 194C

February 24, 2024 9864 Views 0 comment Print

ITAT Ahmedabad’s verdict exempts individuals not subject to tax audit from TDS obligations, highlighting the Nilesh Patel vs DCIT case.

ITAT Allows Section 80-IC Deduction as ITR filed with Form 10CCB

February 18, 2024 804 Views 0 comment Print

In the case of Supreme Treon Pvt. Ltd. Vs DCIT, ITAT Mumbai allows deduction under section 80-IC of the Income Tax Act for ITR filed with Form 10CCB.

ITAT Hyderabad Orders Review of Jewellers’ Demonetization Cash Deposits & Sales

February 15, 2024 1077 Views 0 comment Print

ITAT Hyderabad orders fresh examination of Bollam Sampath Kumar Jewellers’ cash deposits and sales during demonetization, highlighting the importance of documentation.

Technical Glitch No Basis to Deny Section 80IB deduction: ITAT Mumbai

February 14, 2024 864 Views 0 comment Print

Mumbai ITAT rules in favor of S.K. Ventures, ensuring taxpayers’ right to Sec 80IB deduction is protected despite e-filing technical issues for AY 2017-18.

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