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Tax Audit Report

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Amendments in Form – 3CD for AY 2023-2024

Income Tax : CBDT updates Form 3CD for AY 2023-2024, including major amendments for tax audit reporting. Essential insights for professionals a...

March 7, 2024 4356 Views 0 comment Print

Amendment in Form 3CEB by Income Tax Notification dated 05.03.2024

Income Tax : Key updates to Form 3CEB for specified domestic transactions, following CBDT Notification No. 27/2024, enhancing reporting require...

March 6, 2024 1629 Views 0 comment Print

Disqualifications as Tax Auditor under section 44AB – Income Tax Act

CA, CS, CMA : Explore disqualifications outlined in Income Tax Act for tax auditors in India, ensuring integrity and transparency in financial g...

September 28, 2023 4305 Views 0 comment Print

Understanding Clause 44 of Tax Audit Report (Form 3CD)

Income Tax : Explore details of Clause 44 in Tax Audit Report (Form 3CD) and its GST reporting requirements. Learn how to fill out this crucial...

September 6, 2023 73770 Views 0 comment Print

Clause 44 in Form 3CD under Section 44AB of Income Tax Act 1961 – FAQs

Income Tax : Clause 44 in Form 3CD under Section 44AB of the Income Tax Act 1961- updated FAQs, guidelines for reporting GST details, and exemp...

August 28, 2023 67050 Views 3 comments Print


Latest News


Over 30 Lakh Audit Reports Filed: Income Tax Department’s E-filing Success

Income Tax : More than 30.75 lakh audit reports, including 29.5 lakh Tax Audit Reports, were filed for AY 2023-24 by the September 30 deadline,...

October 2, 2023 2247 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 126237 Views 0 comment Print

Draft Revised ‘Guidance Note on Tax Audit under section 44AB

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...

July 22, 2023 101085 Views 0 comment Print

Representation to extend due date of filing of Income Tax Audit reports

Income Tax : Representation to extend the due date of filing of Audit reports under Income Tax Act, 1961, from 30th September, 2022 to 31st Oct...

September 22, 2022 531897 Views 170 comments 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 1440 Views 0 comment Print


Latest Judiciary


Books of Account cannot be rejected for mere Inadvertent Error in TAR

Income Tax : ITAT Mumbai order on ITO vs. Sambhav Shelter, where books of account withstand scrutiny despite an inadvertent mistake in the tax ...

December 8, 2023 699 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 1182 Views 0 comment Print

Disallowance of contingent liability unjustified if not claimed as expenditure

Income Tax : ITAT Delhi held that the expenditure not claimed cannot be disallowed while determining the taxable income. Hence, disallowance of...

August 24, 2023 1836 Views 0 comment Print

No section 271B penalty when Tax Audit Report uploaded but ITR-V not verified

Income Tax : Understand the implications of the Jayaraj Charles Vs ITO case where ITAT Chennai ruled no penalty should be imposed under section...

June 25, 2023 345 Views 0 comment Print

No Section 271B Penalty for delay due to Reasonable Causes

Income Tax : Exploring recent decision of ITAT Mumbai in Rasik Nemchand Pethad Vs DCIT where it was determined that Section 271B penalty doesn'...

June 25, 2023 1668 Views 0 comment Print


Latest Notifications


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 19956 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 12306 Views 1 comment Print

Income Tax Return, Tax Audit due date & Other dates extended

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

May 20, 2021 161856 Views 24 comments 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 37482 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 38499 Views 1 comment Print


Latest Posts in Tax Audit Report

Amendments in Form – 3CD for AY 2023-2024

March 7, 2024 4356 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.

Amendment in Form 3CEB by Income Tax Notification dated 05.03.2024

March 6, 2024 1629 Views 0 comment Print

Key updates to Form 3CEB for specified domestic transactions, following CBDT Notification No. 27/2024, enhancing reporting requirements.

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

March 5, 2024 19956 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

Books of Account cannot be rejected for mere Inadvertent Error in TAR

December 8, 2023 699 Views 0 comment Print

ITAT Mumbai order on ITO vs. Sambhav Shelter, where books of account withstand scrutiny despite an inadvertent mistake in the tax audit report. Full analysis and conclusions revealed.

Over 30 Lakh Audit Reports Filed: Income Tax Department’s E-filing Success

October 2, 2023 2247 Views 0 comment Print

More than 30.75 lakh audit reports, including 29.5 lakh Tax Audit Reports, were filed for AY 2023-24 by the September 30 deadline, ensuring timely compliance.

Disqualifications as Tax Auditor under section 44AB – Income Tax Act

September 28, 2023 4305 Views 0 comment Print

Explore disqualifications outlined in Income Tax Act for tax auditors in India, ensuring integrity and transparency in financial governance

Understanding Clause 44 of Tax Audit Report (Form 3CD)

September 6, 2023 73770 Views 0 comment Print

Explore details of Clause 44 in Tax Audit Report (Form 3CD) and its GST reporting requirements. Learn how to fill out this crucial section for accurate tax compliance.

Guidance Note on Tax Audit under Section 44AB

September 5, 2023 126237 Views 0 comment Print

Explore the latest 2023 revision of the ICAI’s Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961. Learn about updates, compliance requirements, and the role of chartered accountants in the tax audit process.

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

August 30, 2023 1182 Views 0 comment Print

Analysis of the ITAT Ahmedabad’s ruling on Bharatbhai Makwana Vs PCIT. Delving into the implications of incorrect terminologies in tax audit reports relating to granule purchases.

Clause 44 in Form 3CD under Section 44AB of Income Tax Act 1961 – FAQs

August 28, 2023 67050 Views 3 comments Print

Clause 44 in Form 3CD under Section 44AB of the Income Tax Act 1961- updated FAQs, guidelines for reporting GST details, and exemptions. Understand who needs to report, expert knowledge requirements, and more

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