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...
1) Committee met with CBDT and sought one month extension from CBDT. 2) CBDT did not agree with the proposal in the meeting and said that they will communicate the final decision. 3) Next hearing at Delhi High Court is on 24th.
Delhi Chartered Accountants Society has filed a writ petition in the Delhi High Court for extension of due date of tax audit as, on the last date of tax Audit i.e. 30.09.2013, there was default on the part of the Respondents (Union of India, CBDT) as the site of the Income Tax Department had crashed.
As per verbal talk with the CA Swadesh Gupta, a counter affidavit was filed by CBDT in high court stating that there were no service validation error, so we require evidence to prove that there were service validation errors in ITR and Tax Audit Report Filing.
CA Haresh N Mehta Can you allow anybody to give untested medicines to Citizens of India? Can you allow anybody to serve half-cooked food to public at large? This is exactly what our beloved Government Departments are doing. They are releasing various forms & e-filing templates which are like half cooked food & which is […]
Hearing an appeal from Delhi Chartered Accountants Society (DCAS) for Non extension of Due Date of tax Audit Report Honourable Delhi High Court (DHC) Formed a committee with Representatives from ICAI and DCAS to appear before CBDT and resolve on 21-10-2013 else DHC will hear the matter finally on 24-10-2013.
The Council of the Institute of Chartered Accountants of India has been concerned with the difficulties being experienced by the tax auditors in the e filing portals. In this regard, various efforts were made through written representations, personal meetings and also by way of capacity building measures of the members.
Further to Order F.No.225/117/2013/ITA.II dated 26.09.2013 requiring the Tax Audit Report to be filed by 30.09.2013, the CBDT has issued an Order dated 30.09.2013 directing all CCsIT /DsGIT to ensure that all Income Tax Offices shall remain open til1 8:00 p.m on 30th September, 2013 for the convenience of taxpayers, who wish to file Report of Audit manually for assessment year 2013-2014, as per the said order.
On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Direct Taxes (CBDT) has extended the ‘due-date’ for filing Returns of Income from 30th September, 2013 to 14th October, 2013, in cases of Income Tax assessees in the State of Gujarat.
1. INSTITUTION ENJOYING EXEMPTION U/S 10(23B) HAVE TO SUBMIT TAR U/S 44AB .A. SEC 10(23B) EXEMPT INCOME FROM BUSINESS OF A KHADI UDYOG ETC. B. EVEN IF INCOME FROM SUCH BUSINESS IS EXEMPTED, AS THERE IS TURNOVER FROM BUSINESS; IN MY OPINION, AUDIT U/S 44AB/44AD IS TO BE CONDUCTED AND REPORT HAS TO BE SUBMITTED
How To File Two Or More Physical Tax Audit Report Of Same Assessee Audited By Same/Different CAS: Steps To Find 10CCE10CCBBA, 10CCBC, 49C, 56F, 66, 3CA,3AD,3AE,3CE,3EAETC
