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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 6051 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 1809 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 4683 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 74970 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 67299 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 2280 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 126741 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 101244 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 531993 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 1443 Views 0 comment Print


Latest Judiciary


ITAT deletes Addition which were based on mere Typographical Error in Form 3CD

Income Tax : Discover how Chennai ITAT's verdict affects assessments. Learn how a typographical error in Form 3CD impacts additions to an asses...

May 8, 2024 2073 Views 0 comment Print

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 780 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 1266 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 2025 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 375 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 22560 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 12360 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 162072 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 37596 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 38532 Views 1 comment Print


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

August 18, 2022 14643 Views 3 comments Print

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

How to report under Clause 44 of Form 3CD Tax Audit Report

August 13, 2022 87243 Views 9 comments Print

Clause 44 of Form 3CD Tax Audit Report which required information regarding expenses on the basis of applicability of GST.

ITR & TAR not capture details of export & import by Gems & Jewellery sector: CAG

August 9, 2022 1113 Views 0 comment Print

existing forms of ITR and TAR do not capture details of exports and imports undertaken during the respective FY by any entity engaged in Gems and Jewellery business.

Appeal For TAR CL. 16(d) Income Adjustment In Section 143(1) Intimation

August 8, 2022 10608 Views 0 comment Print

Recently in cases of large no. of tax payers an intimation U/s. 143(1) of the Income Tax Act, 1961 has been issued, wherein an adjustment has been made regarding income reported in clause 16(d) of the tax audit report

Maintenance of Books of Accounts By Specified and Notified Persons – Section 44AA Read With Rule 6F And Audit Under Section 44AB

July 24, 2022 6927 Views 0 comment Print

Understand the intricacies of maintaining books of accounts as per Section 44AA and Rule 6F of the Income Tax Act, 1961. Delve into the obligations for specified professions, businesses, and non-specified professions based on income and gross receipts thresholds. Explore the provisions related to compulsory audit under Section 44AB and learn about the due date for tax audit of accounts. Stay compliant and informed with the latest regulations.

Step by Step Preparation of Section 154 Application – For Section 143(1)- Clause 16(d) Of Tax Audit Report

July 22, 2022 17739 Views 2 comments Print

This Article Explains Step by Step Preparation of Application U/S. 154 of the Income Tax Act, 1961 For Rectification of Intimation U/S. 143(1) Issued with Adjustment for Income Reported in Clause 16(d) Of Tax Audit Report.

How To Deal with Section 143(1) Notice/Intimation for Tax Audit Report Clause 16(D)

July 19, 2022 43974 Views 5 comments Print

Learn how to handle Section 143(1) notices regarding adjustment of income in Form No. 3CD of Tax Audit Report.

Chaos due to Clause 16(d) of Form No. 3CD and Possible Solutions

July 16, 2022 45060 Views 0 comment Print

Understanding the chaos caused by Clause 16(d) of Form No. 3CD and exploring possible solutions for affected individuals and the CPC.

Tax Audit Working Sheet in Excel Format

April 14, 2022 89739 Views 4 comments Print

For all the audits that one carries out, audit working is extremely important for the auditor. The attached Excel Sheet contains a Checklist with working annexures all in one excel file. We have developed this working sheet based on our experience and knowledge of the Income Tax Audit. You may write your suggestion or feedback […]

Guidance on updating UDIN for Audit Reports submitted by CA users

April 12, 2022 35394 Views 9 comments Print

The functionality for updating UDIN against the Audit reports submitted by CA users has been enabled at e-filing portal www.incometax.gov.in. Please note that this functionality may not be used for updating UDIN for Forms submitted prior to April 2021. In this functionality only those Forms will be shown which are accepted by the Assessee. This Instruction […]

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