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Tax Audit

Latest Articles


Tax Audit – Basic Concepts of Business, Profession, Sales and Turnover

Income Tax : Explore the distinctions between business and profession, and how sales, turnover, and gross receipts are defined under the Income...

August 13, 2024 1020 Views 0 comment Print

Amendments in Form 3CD effective from AY 2024-25

Income Tax : CBDT's notification no. 27/2024 dated 05.03.2024 introduces several key amendments to Form 3CD, effective from AY 2024-25, impacti...

July 28, 2024 17811 Views 0 comment Print

Professional Misconduct in Tax Audits: Navigating 60-Tax Audit Rule

CA, CS, CMA : Understand the 60-tax audit rule for Chartered Accountants, its exceptions, and its implications on professional conduct and ethic...

July 16, 2024 1437 Views 0 comment Print

How to calculate Turnover of Futures & Options for Taxation

Income Tax : How to calculate the turnover of Futures & Options (F&O) for taxation purposes, including detailed examples and tax filing require...

July 8, 2024 8031 Views 0 comment Print

Audit Requirements & Criterion for Business & Profession (Section 44AB) Assessment Year 2024-24

Income Tax : Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including...

June 7, 2024 65238 Views 0 comment Print


Latest News


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 12, 2024 258 Views 0 comment Print

Tax Audit Under Income Tax Act: Detailed Live Course with Practical Insights

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 12, 2024 438 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 2268 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 33717 Views 0 comment Print

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 2331 Views 0 comment Print


Latest Judiciary


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 240 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 7266 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 1476 Views 0 comment Print

No Defective Notice by CPC if Receipts Below Limit u/s 44AB

Income Tax : ITAT Mumbai rules on V.K. Patel Securities Pvt Ltd appeal against defective notice by CPC under section 44AB of Income Tax Act. De...

August 21, 2023 4644 Views 0 comment Print

No Penalty under Section 271B for Delayed Tax Audit (Auditor Unwell)

Income Tax : A significant ITAT Kolkata ruling declares no penalty for delayed filing of books of account due to reasonable causes under Sectio...

July 16, 2023 1590 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 51666 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 39081 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 12486 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 108183 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 95499 Views 5 comments Print


Department still amending ITR Schema & Validation Rules but no extension

September 25, 2015 12239 Views 34 comments Print

In this article we have compiled the details of release of Schema of ITR Forms for AY 2015-16 , Schema of Forms (Other than ITR), Schema of Form BB (Return of Net Wealth) for AY 2015-16 and ITR Validation Rules for AY 2015-16 from the details we can make out that department has updated the […]

Writ in Hyderabad High Court for Extension of TAR/ITR Due Date

September 24, 2015 11584 Views 0 comment Print

This Writ is been filed by V. Nagendra Prasad an advocate and Tax Consultant from Hyderabad in Hyderabad High Court against the adamant attitude of CBDT and Finance Ministry in not extending the due of of Income Tax Return and Tax Audit cases , which is also been communicated vide its Press Release Dated 09th September 2015.

Delhi HC directs CBDT to issue Income Tax Return forms on time

September 24, 2015 10559 Views 0 comment Print

In a Historic/Landmark Judgment Delhi High Court in the case Avinash Gupta Vs. UOI has although not allowed extension of due date for filing ITR for AY 2015-16 but instructed the Govt. to ensure availability of forms for tax audit from the beginning of next assessment year.

Writ in Karnataka HC for Extension of TAR/ITR Due Date

September 23, 2015 13129 Views 0 comment Print

Karnataka State Chartered Accountant Society (KSCAA) & Sri.Raveendra S.Kore vs Union of India & CBDT (Karnataka High Court ), Writ Petition (WP) 41109/2015, 41110/2015. Updated on 28.09.2015- Hon’ble Karnataka high court directed CBDT to consider the representation of KSCAA by 29.09.2015. –

List of cases requiring Audit under Income Tax Law by 30th September

September 23, 2015 4458 Views 0 comment Print

Dear Taxpayer, It is found from the Return of Income e-Filed by you for AY 2014-15 you were liable to get your accounts audited under applicable sections of the Income Tax Act, 1961. The due date for e-Filing the return of income for AY 2015-16 together with the appropriate audit report(s) is 30th September, 2015. […]

ICAI Meeting with FM: No Concrete Decision on TAR/ITR Date Extension

September 23, 2015 13593 Views 0 comment Print

During Meetinf of ICAI president with FM, Hon’ble Finance Minister has assured to look into the matter. However, in the absence of any concrete decisions so far, the esteemed members of the profession are advised to put in their best efforts to comply with the prescribed due date i.e. 30th September, 2015.

Writ in Gujarat High Court for extension of ITR/TAR Due Date

September 23, 2015 23085 Views 0 comment Print

All Gujarat Federation of Tax Consultants vs. CBDT (Gujarat High Court), Special Civil Application No. 15075 Of 2015, Dated-15.09.2015. Update on 30.09.2015- Click here to Download Copy of Gujarat High Court Judgment – Update on 29.09.2015- Gujarat High Court directs CBDT to extend the due date for Filing of ITR to 31st October 2015. Also Read- Guajrat HC also Directs CBDT to extend due date to 31st October 2015

TAR/ITR Due Date – Writ in Punjab & Haryana High Court

September 23, 2015 20120 Views 0 comment Print

Vishal Garg & Ors. Vs. Union of India & Anr. (Punjab & Haryana High Court), CWP- 19770 -2015, Dated- 15.09.2015 High Court Directed CBDT to Extend due date of ITR from existing 30.09.2015 to 31st October 2015. Court also provided future guidelines for issuing forms. Check Link- Tar Audit/ ITR date extended to 31st October 2015

Extension of TAR/ITR Due Date- Writ in Rajasthan HC by CA Devendra Somani

September 23, 2015 4826 Views 0 comment Print

CBDT extends date only in Punjab, Haryana, UT of Chandigarh and Gujarat Update on 29.09.2015 – Case is been dismissed by High Court following the judgment of same court in the case of Rajasthan Tax Consultants Association & Anr Vs. UOI.  Update on 28.09.2015- As writ in the case of Rajasthan Tax Consultants Association & Anr […]

Writ in Rajasthan HC by RTCA for Extension of TAR/ITR Due Date

September 23, 2015 13262 Views 0 comment Print

Rajasthan Tax Consultants Association & Anr Vs. Union Of India & Anr (Rajasthan High Court, Jodhpur) , CIVIL WRIT NO. 11037 of 2015 , Dated -22.09.2015 Writ is been dismissed by Jodhpur Bench of Hon’ble Rajasthan High Court following judgment of Delhi High Court.

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