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Tax Audit

Latest Articles


Commonly Found Irregularities In Tax Audit Report

Income Tax : Learn about common irregularities in tax audit reports for AY 2023-24, including reporting gaps in Forms 3CA/3CB, SA 700, and sect...

December 13, 2024 31203 Views 0 comment Print

Managing Clashing Filing Deadlines of Government Forms for Professionals

CA, CS, CMA : Overlapping deadlines for MCA, tax audits, and GST filings are creating difficulties for professionals, leading to late fees and c...

October 1, 2024 444 Views 0 comment Print

Disallowances covered under Income-Tax Act and Reporting in Tax Audit

Income Tax : Learn about disallowances under Income Tax Act sections and their reporting requirements in Form 3CD during tax audits. Key provis...

September 29, 2024 4530 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 13368 Views 0 comment Print

Who is Required File Tax Audit Report before September?

CA, CS, CMA : Find out who needs to file a Tax Audit Report by September 30. Learn about the criteria, deadlines, and penalties for non-complian...

September 2, 2024 12030 Views 0 comment Print


Latest News


Over 34 Lakh Audit Reports Filed by Taxpayers till 7th October 2024

Income Tax : Over 34 lakh Audit Reports filed on the e-filing portal by October 7, 2024, showing a 4.8% increase from last year, according to t...

October 10, 2024 2637 Views 0 comment Print

Join 5-Day Live & Online Income Tax Audit Course with Practical Examples

Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...

August 23, 2024 1431 Views 0 comment Print

Tax Audit Under Income Tax Act: Detailed Live Course with Practical Insights – Starting Today

Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...

August 19, 2024 3654 Views 0 comment Print

Representation on Equitable Allocation of Tax Audit Assignments

Income Tax : Read CAASs recommendations for fair tax audit allocation, ensuring auditor independence and quality. They suggested automated allo...

June 17, 2024 2547 Views 1 comment Print

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 34086 Views 0 comment Print


Latest Judiciary


ITAT quashes section 271B Penalty as Assessee’s Bank Deposits Reflect Sales for Mother Dairy, Not Own Turnover

Income Tax : ITAT Delhi cancels ₹1,09,807 penalty u/s 271B for Ved Singh, acknowledging his commission-based income and reasonable belief on ...

November 10, 2024 666 Views 0 comment Print

Section 271B penalty quashed as Revenue Misinterprets Gross receipt of agent as Sales

Income Tax : ITAT Delhi rules on Sh. Nikki Tyagi's appeal against penalty under Sec. 271B for failure to audit accounts due to turnover limits....

November 10, 2024 480 Views 0 comment Print

Audit report submission Delay due to partners health issues: ITAT deletes Section 271B Penalty

Income Tax : ITAT Chennai deletes Section 271B penalty for audit delay due to partner's health issues in Balaji Logistics case. Learn about the...

August 1, 2024 351 Views 0 comment Print

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

Income Tax : ITAT Ahmedabad's verdict exempts individuals not subject to tax audit from TDS obligations, highlighting the Nilesh Patel vs DCIT ...

February 24, 2024 9702 Views 0 comment Print

ITAT Quashes Revision Order: Auditor’s Mistake in Tax Audit Report

Income Tax : Analysis of the ITAT Ahmedabad's ruling on Bharatbhai Makwana Vs PCIT. Delving into the implications of incorrect terminologies in...

August 30, 2023 1725 Views 0 comment Print


Latest Notifications


NFRA Penalizes CA Rs 50 Lakhs for Misconduct in Section 80JJA Report

Company Law : NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for ...

January 3, 2024 52563 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 39369 Views 0 comment Print

CBDT extends due date for filing various Income Tax Audit reports

Income Tax : CBDT extends the due date for filing of various reports of audit for Assessment Year 2022-23 from 30th September, 2022 to 7th Octo...

September 30, 2022 12696 Views 1 comment Print

Income Tax Audit Due & ITR Due date for AY 2021-22 extended

Income Tax : On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22...

January 11, 2022 111636 Views 1 comment Print

CBDT extends due dates of ITR & various Audit reports for AY 2021-22

Income Tax : The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of...

September 9, 2021 96264 Views 5 comments Print


Latest Posts in Tax Audit

Commonly Found Irregularities In Tax Audit Report

December 13, 2024 31203 Views 0 comment Print

Learn about common irregularities in tax audit reports for AY 2023-24, including reporting gaps in Forms 3CA/3CB, SA 700, and sections 40A, 269SS, and 269T.

ITAT quashes section 271B Penalty as Assessee’s Bank Deposits Reflect Sales for Mother Dairy, Not Own Turnover

November 10, 2024 666 Views 0 comment Print

ITAT Delhi cancels ₹1,09,807 penalty u/s 271B for Ved Singh, acknowledging his commission-based income and reasonable belief on tax audit requirement.

Section 271B penalty quashed as Revenue Misinterprets Gross receipt of agent as Sales

November 10, 2024 480 Views 0 comment Print

ITAT Delhi rules on Sh. Nikki Tyagi’s appeal against penalty under Sec. 271B for failure to audit accounts due to turnover limits. Clarifies income on commission basis.

Over 34 Lakh Audit Reports Filed by Taxpayers till 7th October 2024

October 10, 2024 2637 Views 0 comment Print

Over 34 lakh Audit Reports filed on the e-filing portal by October 7, 2024, showing a 4.8% increase from last year, according to the Income Tax Department.

Managing Clashing Filing Deadlines of Government Forms for Professionals

October 1, 2024 444 Views 0 comment Print

Overlapping deadlines for MCA, tax audits, and GST filings are creating difficulties for professionals, leading to late fees and client dissatisfaction.

Disallowances covered under Income-Tax Act and Reporting in Tax Audit

September 29, 2024 4530 Views 0 comment Print

Learn about disallowances under Income Tax Act sections and their reporting requirements in Form 3CD during tax audits. Key provisions and compliance guidelines covered.

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

September 2, 2024 13368 Views 0 comment Print

Understand key reporting requirements for Tax Audit Reports under Sections 44AA and 44AB, including forms, clauses, and disclosures for accurate compliance.

Who is Required File Tax Audit Report before September?

September 2, 2024 12030 Views 0 comment Print

Find out who needs to file a Tax Audit Report by September 30. Learn about the criteria, deadlines, and penalties for non-compliance.

Income Tax audit under section 44AB​: FAQs

August 28, 2024 1262501 Views 54 comments Print

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

Summary of Section 269SS, 269ST and 269T & reporting in Tax Audit Form 3CD

August 26, 2024 3531 Views 0 comment Print

Understand the provisions of Sections 269SS, 269ST, and 269T under Indian tax law, their implications, and reporting requirements in Form 3CD for tax audits.

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