Income Tax : Understand every reporting requirement under Form 3CD as amended by the Finance Act, 2026. This guide explains clause-wise disclos...
Income Tax : Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due dat...
Income Tax : Tax Audit Form 26 now requires reporting of both quantity and value of principal stock, purchases, and sales. The key takeaway is ...
Income Tax : The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, ...
Income Tax : The Income Tax Act, 2025 introduces detailed reporting requirements for books maintained in electronic form. Tax auditors must now...
CA, CS, CMA : The UDIN portal will now validate turnover, gross receipts, and presumptive tax conditions before allowing UDIN generation for tax...
CA, CS, CMA : UDIN generation now requires disclosure of preceding year audit details for specific audit categories. The update strengthens audi...
Income Tax : Gujarat HC has directed CBDT to ensure that there is a mandatory one-month gap between date for furnishing tax audit reports (unde...
Income Tax : Rajasthan High Court granted a one-month extension for filing TARs under Section 44AB for AY 2025-26, citing delayed audit utility...
Income Tax : The Pune Chartered Accountants' Society has requested an extension for tax audit and ITR filing deadlines for FY 2024-25, citing t...
Income Tax : ITAT Chennai held that the assessees bona fide belief, based on the Departments consistent acceptance of interest income as Income...
Income Tax : The Tribunal held that audit under section 44AB depends on turnover, not taxability of income. Exempt entities must still comply i...
Income Tax : ITAT Delhi allows Henna Industries' appeal, deleting a Rs. 9.30 lakh disallowance made by the CPC under Section 143(1), confirming...
Income Tax : HC directed CBDT to issue a circular extending due date for filing income tax returns to 30th November 2025, especially for taxpay...
Income Tax : The Gujarat High Court has issued notice to the Union of India, demanding an explanation for not extending the Income Tax Return (...
Income Tax : CBDT Circular 15/2025 extends the AY 2025-26 ITR filing deadline for audited accounts from Oct 31 to Dec 10, 2025. Audit reports a...
CA, CS, CMA : ICAI sets limit of 60 tax audit assignments per CA or partner annually, effective from 1 April 2026, replacing earlier 2008 guidel...
Income Tax : CBDT amends Income Tax Rules, effective April 1, 2025, revising Form 3CD, MSME interest provisions, buyback reporting, and loan/de...
Company Law : NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for ...
Income Tax : Read Circular 18/2023 from the Government of India Ministry of Finance. Learn about the extension of the filing deadline for Incom...
Unlock the insights into the intricate details of Clause 44 in Form 3CD of Tax Audit Report. Navigate through the breakdown of total expenditure under GST, addressing complexities and considerations for accurate reporting. Stay informed for seamless compliance.
“Explore the history and analysis of Clause 44 in Tax Audit Report Form 3CD. Understand its evolution, deferred implementation, and reporting requirements for expenditures. Get insights on GST implications and detailed breakdown.
Understand the tax implications of Future & Options (F&O) trading. Learn how to report and maintain records for F&O transactions in your income tax return.
Understand the importance of Clause 44 in Tax Audit Report. Learn about the break-up of total expenditure for entities registered or not under GST.
Article explains Why it seems impossible to report accurate / reliable details in clause no. 44 of Form No. 3CD (Tax Audit Report)
How to calculate turnover in case of Futures & Options? (With example), Taxation of Income Earned from Intra day Trading & Future & Options,
Demystifying the GST Clause 44 in Form 3CD. Explore the mysterious aspects of this tax audit report clause and understand its impact on expenditure and supplies.
No disallowance forzdelay in payment of employees’ contribution for provident fund, based on mere Tax Audit Report
Representation to CBDT on information sought from Tax Auditors under Clause 44 of Form 3CD and request to abolish this requirement
Purchase and capital expenditures are required to be reported under clause 44 of Tax Audit report as both falls under expenditure terminology
