Income Tax : Clause 43 in Tax Audit Form No. 26 requires auditors to verify remittances reported in Part-D of Form 145. Incorrect classificatio...
CA, CS, CMA : The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified wh...
Income Tax : Explains when professionals must undergo tax audit based on Sections 44ADA, 44AD, and 44AB. Key takeaway: audit depends on profess...
Income Tax : The new law introduces audit requirements for businesses declaring profits below presumptive rates. It removes the earlier flexibi...
Income Tax : The issue concerns applicability of tax audit based on turnover thresholds. The ruling highlights that exceeding prescribed limits...
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 : 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 : ITAT Kolkata ruled that the assessee’s double addition in the tax audit was a genuine error, dismissing Revenue’s appeal for A...
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...
ICAI’s Central India Regional Council has urged the Finance Ministry to extend the tax audit filing due date for FY 2024-25 from 30 Sept 2025 to 31 Dec 2025.
Taxpayers and professionals are struggling with overlapping deadlines, technical glitches on the tax portal, and late utility releases, prompting requests for extensions.
KSCAA has sought urgent relief from the Finance Ministry citing delayed ITR forms, portal glitches, AIS mismatches, and overlapping compliance deadlines for AY 2025–26.
Chartered Accountants Association, Ahmedabad requests extension of ITR and audit due dates for AY 2025-26 citing compressed timelines and compliance challenges.
Tax professionals demand an extension for ITR and Tax Audit Report due dates for AY 2025-26, citing a compressed timeline, portal glitches, and compliance complexities.
The Sales Tax Bar Association formally requested an extension for the Tax Audit Report filing deadline, citing timeline clashes, technical glitches, and late utility releases.
Advocates’ Tax Bar Association requests an extension of ITR and tax audit deadlines for AY 2025-26, citing e-filing portal glitches and compliance overlap.
The Punjab Accountants Association requests an extension for income tax and GST return filing deadlines due to widespread floods and infrastructure damage in several states.
The Tax Bar Association of Bhilwara requests an extension for the FY 2024-25 income tax return and audit report deadlines, citing delays in utility releases, technical issues on the tax portal, new compliance requirements, and the upcoming festive season.
A representation from the Bombay Chartered Accountants’ Society to the CBDT highlights the need for further extensions for income tax returns and audit reports, citing delayed utility releases, portal issues, and other compliance overlaps for the financial year 2024-25.
