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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 8010 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 1938 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 4956 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 77586 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 67770 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 2298 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 127980 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 101514 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 532080 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 1449 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 2283 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 819 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 1365 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 2199 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 414 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 25689 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 12411 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 162294 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 37743 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 38589 Views 1 comment Print


Extension of Time Limits of Various Income Tax Compliances

May 22, 2021 4140 Views 0 comment Print

In the wake of the pandemic Covid-19 and in the interest of taxpayers, the Central Board of Direct Taxes (CBDT) extended time limits for various compliances as under: 1. Statement of Financial Transactions (SFT) & Statement of Reportable Account (SRA):Due Date of SFT and SRA for the FY 2020-2021 has been extended from 31st May 2021 […]

आयकर से सम्बंधित बढाई गई मुख्य तिथिया

May 21, 2021 2130 Views 0 comment Print

सरकार द्वारा कोरोना महामारी को देखते हुए आयकर से सम्बंधित विभिन्न तिथियों को बढ़ा दिया है जिससे करदाताओ को राहत मिलेगी आयकर से सम्बंधित बढाई गई मुख्य तिथिया निम्न है 1. वित्तीय लेनदेन से सम्बंधित स्टेटमेंट जिसे (एस.एफ.टी) भी कहा जाता है वित्तीय वर्ष 2020-2021 जिसे 31 मई 2021 तक भरना था वह अब 30 […]

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

May 20, 2021 162294 Views 24 comments Print

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 section 139 of the Act, is extended to 30th September 2021; 10) The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-21, which is 30th September 2021, is extended to 31st October 2021;

Extended Income Tax Due Date Chart

May 20, 2021 8487 Views 0 comment Print

CBDT issued Income Tax circular No. 09/2021 dated 20.05.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 w.r.t. Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic and spike in Covid-19 cases: Extended Income Tax Due Date Chart after Considering circular […]

Amendments in Tax Audit Report for AY 2021-22

April 12, 2021 105558 Views 0 comment Print

Purpose of Rule 6G: This rule tells about the name of the forms applicable in the case of 44AB Audit and from 1st April 2021 sub-rule (3) is inserted. Rule 6G: (1) The report of audit of the accounts of a person required to be furnished under section 44AB shall,— (a) In the case of […]

New reporting requirements in Form 3CD & Revision

April 1, 2021 37743 Views 1 comment Print

CBDT has vide Notification No. 28/2021-Income Tax inserted new clauses in Form 3CD (Tax Audit Report) and also notified that Tax Audit Report under Rule 6G can be revised if there is payment by Assessee after furnishing of report which necessitates recalculation of disallowance under section 40 or section 43B. MINISTRY OF FINANCE (Department of […]

CBDT defers reporting in Clause 30C & 44 of Tax Audit Report till 31.03.2022

March 27, 2021 85188 Views 3 comments Print

Tax Audit Report (Form 3CD- Applicability of Clause 30C and Clause 44 by one more year i.e. will be applicable for the Financials year 2022-23 Now. Central Board of Direct Taxes (CBDT) has issued Circular No. 05/2021 dated March 25, 2021 by which the CBDT has deferred the applicability of certain Clause of Form 3CD […]

CBDT Defers GST & GAAR reporting till 31.03.2022

March 25, 2021 38589 Views 1 comment Print

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. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division New Delhi **** Circular No. 05/2021, Dated 25th March, 2021 Order under section 119 of […]

7 Clauses in Tax Audit Report causing Dilemma & Hardships

December 30, 2020 7026 Views 1 comment Print

Seven Reporting Clauses in Tax Audit Report (Form 3CA/CB read with 3CD) causing Dilemma & Hardships for Tax Auditor & Auditee, if Tax Audit Due Date for AY 2020-21 remains 31.12.2020 All of us know that presently the Tax Audit due date for AY 2020-21 is 31.12.2020 and the due date for filing of Returns […]

CBDT to validate ICAI UDIN during upload of Tax Audit Reports

November 26, 2020 3168 Views 2 comments Print

The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August, 2019, had made generation of UDIN from ICAI website www.icai.org mandatory for every kind of certificate/tax audit report and other attests made by their members as required by various regulators. This was introduced to curb fake certifications by non-CAs misrepresenting themselves as Chartered Accountants.

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