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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 31263 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 453 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 4581 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 13503 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 12036 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 2640 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 1434 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 3657 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 2550 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 34101 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 672 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 9789 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 52569 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 39372 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 12702 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 111741 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 96294 Views 5 comments Print


Request to Extend due dates under Income Tax Act & Companies Act

December 28, 2021 27717 Views 1 comment Print

Delhi Tax Bar Association has made a representation to Hon’ble FM Nirmala Sitharaman Ji and requested for Extension of Due Dates for Submission of Income Tax Returns and various Audit Reports under the Income Tax Act and Companies Act. DELHI TAX BAR ASSOCIATION Formerly Bar Association (Income Tax) (ESTD. 1954-55) G-09, CENTRAL REVENUE BUILDING, INDRAPRASTHA […]

Request to extend due date for filing ITR & TARs | AY 2021-22

December 27, 2021 53112 Views 7 comments Print

All Odisha Tax Advocates Association has requested FM to consider the genuine difficulties of the assessees and Tax Professionals and be generous to pass an order to extend the due date of filing of the return of income of the assessees to 28/02/2022 in place of 31/12/2021 and the TARs from 15/01/2022 to 28/02/2022 and […]

Extend due dates of ITR & Tax audit report submission

December 26, 2021 26718 Views 4 comments Print

Chandigarh Chartered Accountants Taxation Association has made a representation to Finance Minister for Extension of due dates of Income tax returns & Submission of Tax audit reports for FY 2020-21 (AY 2021-22) in view of Practical difficulties faced by taxpayers & tax professionals in filing Income tax returns, tax audit form. Full Text of their […]

Representation for extension of Income Tax due dates to Finance Ministry

December 25, 2021 33183 Views 3 comments Print

Synopsis of the Representation by ‘Bhayandar CA Social Group’ made for extension of due dates – To the Finance Ministry on 24-12-2021 We have not asked any extension of the due dates. We have asked for our fundamental right to be professionally engaged in the profession of the Chartered Accountancy by having seamless access to […]

Request for Extension of Due Dates under Direct Tax till 31.03.2022

December 25, 2021 32169 Views 3 comments Print

AIMTPA has made a request to FM for Extension of Due Dates under Direct Tax of all the Forms and Returns (Including Income Tax Returns, Tax Audit and Transfer Pricing Audit Report) till 31st March 2022 without any penal condition in view of unavailability of the I.T. Portal, various glitches and frequently changing schemas taking […]

Request for Date Extension for ITR/Tax Audit/GSTR9C/GSTR9

December 24, 2021 19473 Views 2 comments Print

District Tax Consultant’s Association, Chittorgarh has made a Request for extension of various due dates under Income-tax Act, 1961 for AY 2021- 22 and for filing the Annual Reconciliation Statement (GSTR9C) along with the annual return (GSTR9) for financial years 2020-21. Full Text of the representation is as follows:- DISTRICT TAX CONSULTANT’S ASSOCIATION Chittorgarh (Raj.) Email: […]

Representation to extend ITR & Tax Audit Report due dates

December 24, 2021 33543 Views 28 comments Print

Tax Bar Association, Bhilwara has made a representation for extension of due dates of Income tax Returns (ITRs) And Tax Audit Report For A.Y. 2021-2022 and also  highlighted various burning issues/Harship being faced by stakeholders for compliance in respect to furnishing Income Tax Return  And Audit Report For A.Y. 2021-2022. Representation  is been made to […]

13 Reasons why due date of ITR & Tax Audit should be extended- Representation

December 21, 2021 38970 Views 8 comments Print

Representation for extension of Due date of Income Tax Returns And Audit Report For A.Y. 2021-2022 (F.Y.  2020-2021. It is requested that The due date of furnishing of Return of Income for the Assessment Year 2021-22, should be extended to 28th February, 2022.

Income Tax Portal – Erratic & Irresponsible approach towards IT Infrastructure

December 21, 2021 17973 Views 3 comments Print

CAAS has made a representation to Union Finance Minister and brought to her attention the Flaws in New Income Tax Portal which are still exist even after almost 3 years. They claimed that the front end of the new portal shows brainless design with various missing drop down menus

Memorandum for Extension of Due Dates for filing of ITRs

December 19, 2021 41664 Views 1 comment Print

DTPA has sent a Memorandum to Hon’ble FM on 18th Dec 2021 for Extension of Due Dates till 28TH Feb. 2022 for filing of ITRs and Resolution of the pending glitches in the IT Portal.

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