Clause 26 of Form 3CD under the Income Tax Act, 1961, serves as a critical element in ensuring that payments related to taxes, duties, and […]
Section 43B
Understanding Rule 6G(3): Revising Tax Audit Reports After Section 43B Payments
In professional practice, there are situations where, after the tax audit report has been issued, the assessee makes certain payments that directly affect the computation […]
Tax Audit Clauses 26 to 29 Explained: Complete Guide with Case Laws and ICAI Guidance
The Income-tax Act, 1961 mandates a tax audit under section 44AB for certain categories of taxpayers. The prescribed format for reporting is Form 3CD, which […]