{"id":4118,"date":"2021-10-29T19:11:13","date_gmt":"2021-10-29T19:11:13","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=4118"},"modified":"2024-03-31T17:41:50","modified_gmt":"2024-03-31T17:41:50","slug":"latest-amendment-in-tax-audit-u-s-44a","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/","title":{"rendered":"Latest Amendment in Tax Audit under section 44AB"},"content":{"rendered":"<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4122\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-under-section-44A...jpg\" alt=\"Tax Audit under section 44A\" width=\"1082\" height=\"540\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-under-section-44A...jpg 1082w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-under-section-44A..-300x150.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-under-section-44A..-1024x511.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-under-section-44A..-768x383.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-under-section-44A..-800x399.jpg 800w\" sizes=\"(max-width: 1082px) 100vw, 1082px\" \/><\/h3>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dbf51ead5bf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dbf51ead5bf\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Income_Tax_Audit_Form_No_3CD_amended_by_The_Central_Board_of_Direct_Taxes_through_Notification_No_332018\" title=\"Income Tax Audit Form No. 3CD amended by The Central Board of Direct Taxes through Notification No. 33\/2018,\u00a0\">Income Tax Audit Form No. 3CD amended by The Central Board of Direct Taxes through Notification No. 33\/2018,\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Amount_of_expenditure_by_way_of_interest_or_of_similar_nature_incurred\" title=\"Amount of expenditure by way of interest or of similar nature incurred.\">Amount of expenditure by way of interest or of similar nature incurred.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#THE_DTC_REPRESENTATION_OF_THE_ICAI_SUGGESTS_ON_TAX_AUDIT_UNDER_INCOME_TAX_FOR_THE_AY_2020-21\" title=\"THE DTC REPRESENTATION OF THE ICAI SUGGESTS ON TAX AUDIT UNDER INCOME TAX FOR THE AY 2020-21 :\">THE DTC REPRESENTATION OF THE ICAI SUGGESTS ON TAX AUDIT UNDER INCOME TAX FOR THE AY 2020-21 :<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Tax_Audit_Form_Update_for_the_AY_2024-25\" title=\"Tax Audit Form Update for the AY 2024-25\">Tax Audit Form Update for the AY 2024-25<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Overview_of_Tax_Audit\" title=\"Overview of Tax Audit\">Overview of Tax Audit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Amendment_in_Tax_Audit_us_44AB\" title=\"Amendment in Tax Audit u\/s 44AB\">Amendment in Tax Audit u\/s 44AB<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Limit_Applicable_for_tax_Audit_US_44_AB_under_Income_Tax\" title=\"Limit Applicable for tax Audit U\/S 44 AB under Income Tax\">Limit Applicable for tax Audit U\/S 44 AB under Income Tax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Legal_Compliance_Audit_service_in_India\" title=\"Legal Compliance Audit service in India\">Legal Compliance Audit service in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Income_tax_Chart_2020_with_covering_latest_Covid_Relaxations_Alternative_Tax_Regime\" title=\"Income tax Chart 2020 with covering latest\u00a0Covid Relaxations &amp; Alternative Tax Regime\u00a0\">Income tax Chart 2020 with covering latest\u00a0Covid Relaxations &amp; Alternative Tax Regime\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/latest-amendment-in-tax-audit-u-s-44a\/#Tax_Audit_Check_List\" title=\"Tax Audit Check List\u00a0\">Tax Audit Check List\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Audit_Form_No_3CD_amended_by_The_Central_Board_of_Direct_Taxes_through_Notification_No_332018\"><\/span><strong><a href=\"https:\/\/www.caindelhiindia.com\/service\/tax-audit\">Income Tax Audit<\/a> Form No. 3CD amended by The Central Board of Direct Taxes through Notification No. 33\/2018,\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The new features of Form 3CD will be in effect from 20th August 2018 to incorporate further reporting requirements related to Goods and Service Tax (GST), Transfer pricing, Statement of Financial Transactions, Section 32AD, Income from other sources as referred to in clause (x) of sub-section (2) of section 56, Cash Receipt \/ Payment of More than 2 Lakhs from a single person in a day.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4128\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1.png\" alt=\"taxaudit\" width=\"2226\" height=\"1467\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1.png 2226w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1-300x198.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1-1024x675.png 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1-768x506.png 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1-1536x1012.png 1536w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1-2048x1350.png 2048w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/taxaudit1-800x527.png 800w\" sizes=\"(max-width: 2226px) 100vw, 2226px\" \/><\/p>\n<p><strong>The following rules\u00a0are made as under\u00a0<a href=\"https:\/\/carajput.com\/income-tax-services.php\" data-cke-saved-href=\"https:\/\/carajput.com\/income-tax-services.php\">Income-tax Rules, 1962<\/a>, namely:-<\/strong><\/p>\n<ol>\n<li>These rules may be called the<a href=\"https:\/\/carajput.com\/income-tax-services.php\" data-cke-saved-href=\"https:\/\/carajput.com\/income-tax-services.php\">\u00a0<strong>Income-tax (8th Amendment) Rules, 2018.<\/strong><\/a><\/li>\n<li>Changes in Appendix II, in Form No. 3CD,-<\/li>\n<\/ol>\n<ul>\n<li><em>Under the serial number 4, there is a Requirement to furnish the GST No.<\/em><\/li>\n<\/ul>\n<ul>\n<li><em>in serial numbers 19 &amp; 24, Section \u201c32AD\u201d has been added to allow the deduction in respect of investment in notified backward areas of Andhra Pradesh, Bihar, Telangana, West Bengal.<\/em><\/li>\n<\/ul>\n<ul>\n<li><em>Under the serial number 26, clause (f) of section 43B is added which allows the liability towards Railways for use of their assets on an actual basis.<\/em><\/li>\n<\/ul>\n<ul>\n<li><em>After serial number 29,<\/em><\/li>\n<li><strong>No. 29A is added for section 56(2)(ix) of the Act. <\/strong>to tax, the advance amounts received against the capital asset in the course of negotiation, but later forfeited and no transfer effected.<\/li>\n<li>It is worthwhile to be noted that any amount comes under this head then specifies the Nature of income and amount.<\/li>\n<li><em>No. 29B to show whether any amount is to be included as referred to in clause (x) of sub-section \u00a0\u00a0(2) of section 56 chargeable under the head \u2018income from other sources<\/em><\/li>\n<li>It is worthwhile to be noted that any amount comes under this head then specify the Nature of income and amount.<\/li>\n<\/ul>\n<ul>\n<li><em>After serial number 30, Sr. No. 30A is added for section 92CE, According to this section\u00a0<\/em>any primary transfer pricing adjustments made in the case of an assessee, the assessee is required to make a secondary adjustment provided that:<\/li>\n<li>The given primary adjustment is more than 1 crore; and<\/li>\n<li>It also pertains to the assessment year on or after 1 April 2016.\u00a0<em>\u00a0<\/em><\/li>\n<\/ul>\n<p><em>Where such an amount is not recovered, then the balance should be treated as an advance given to AE and recovered along with the interest.<\/em><em>\u00a0<\/em><\/p>\n<ul>\n<li><em>No. 30B is added which provides that where the assessee has incurred expenditure during the previous year as an interest or of similar expenditure exceeding one crore rupees as referred to in sub-section (1) of section 94B.<\/em><\/li>\n<\/ul>\n<p><strong><em>It is noted that where the above provision follows, the assessee should provide the following:-<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Amount_of_expenditure_by_way_of_interest_or_of_similar_nature_incurred\"><\/span><span style=\"color: #000080;\"><strong><em>Amount of expenditure by way of interest or of similar nature incurred.<\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><em>Earnings before interest, tax, depreciation, and amortization during the previous year.<\/em><\/li>\n<li>Expenditure as an interest or of similar nature as per (i) above which exceeds 30% of EBITDA as per (ii) above:<\/li>\n<li>Amount of interest expenditure brought forward as per section 94B.<\/li>\n<li>The Amount of interest expenditure carried forward as per\u00a0section 94B.<\/li>\n<\/ol>\n<ul>\n<li>no. 30C is added for section 96 of the Act. to ascertain whether the assessee has entered into an impermissible avoidance arrangement where such agreement creates such rights between the parties, by misuse of the provision of the Act, which not created in the normal course between parties dealing at arm\u2019s length.<\/li>\n<\/ul>\n<p><strong>It is noted that the assessee provide the following details if cover under the above provisions as follows:-<\/strong><\/p>\n<ul>\n<li>Nature of the impermissible avoidance arrangement.<\/li>\n<li>Amount of tax benefit in the previous year arising to all the parties to the arrangement.<\/li>\n<\/ul>\n<p>In serial number 31,\u00a0<strong>Clause (ba), (bb), (bc) and (bd) has been included pertaining to section 269ST of the Act as follows:-<\/strong><\/p>\n<ol>\n<li>\u201c(ba) Particulars of each transaction where an amount received in aggregate of INR Two Lakhs from a person in a day or in respect of a single transaction or in respect of transactions during the previous year, where such amount is received other than by a Cheque or bank draft or any of the electronic clearing system. The following information is required as stated below:-<\/li>\n<\/ol>\n<ul>\n<li>Name, address, and PAN No. of the assessee;<\/li>\n<li>Nature of the transaction;<\/li>\n<li>Amount of receipt;<\/li>\n<li>Date of receipt;<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>(bb) Particulars of each transaction where the amount received in aggregate of INR Two Lakhs from a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasion from a person, received by a cheque or bank draft, not being an account payee cheque or an account payee bank draft, during the previous year. The following information is required as stated below:-<\/li>\n<\/ol>\n<ul>\n<li>Name, address, and PAN No. of the assessee;<\/li>\n<li>Amount of receipt<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>(bc) Particulars of each and every transaction payment made in an amount exceeding INR Two Lakhs in the aggregate to a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasion to a person, otherwise than by a cheque or bank draft or use any electronic clearing system through a bank account during the previous year. The following information is required as stated below:-\n<ul>\n<li>Name, address and\u00a0PAN of the payee;<\/li>\n<li>Nature of transaction;<\/li>\n<li>Amount of payment<\/li>\n<li>Date of payment.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<ol start=\"4\">\n<li>(bd) Particulars of each and every transaction payment made in an amount exceeding INR Two Lakhs in the aggregate to a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasion to a person, otherwise than by a cheque or bank draft or use any electronic clearing system through a bank account during the previous year. The following information is required as stated below:-\n<ul>\n<li>Name, address and\u00a0PAN of the payee;<\/li>\n<li>Amount of payment.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p>It is further advised to be noted that the Particulars at (ba), (bb), (bc) and (bd) are not required to provide if the amount is receipt by or paid to a Government company, a banking company, a post office savings bank, cooperative Bank.<\/p>\n<ul>\n<li>In sr. number 34, in place of item (b), the following Para shall be substituted as:-<\/li>\n<\/ul>\n<p><strong>Whether an assessee is required to furnish the statement of<a href=\"https:\/\/carajput.com\/tds.php\" data-cke-saved-href=\"https:\/\/carajput.com\/tds.php\">\u00a0TDS\u00a0<\/a>or TCS. If the assessee is required for the above then he specifies the following below information\u2019s:-<\/strong><\/p>\n<ul>\n<li>Tax deduction &amp; Collection Account Number<\/li>\n<li>Type of Form<\/li>\n<li><em>Whether the statement of\u00a0<a href=\"https:\/\/carajput.com\/tds.php\" data-cke-saved-href=\"https:\/\/carajput.com\/tds.php\">TDS\u00a0<\/a>or TCS contains information about all details\/transactions which are required to be reported<\/em><\/li>\n<li>serial number 36A is included for deemed dividend u\/s 2(22)(e). It suggests that the assessee who holds not less than ten per cent voting power received by way of loan or advance provide the information regarding Amount and Date of Receipt.<\/li>\n<li>After serial number 41 and the entries relating thereto, the following shall be inserted, namely:-<\/li>\n<\/ul>\n<p>Sr. No. 42 inserted in respect of form no. 61, 61A, 61B<\/p>\n<p><strong>The auditor must satisfy himself that all the required information is submitted, if not provided then ensure that same should be provided in Form 3CD.<\/strong><\/p>\n<ol>\n<li>Form 61- it provides the detail of form 60. The transaction under rule 114B follows and document with that regard has been collected by the assessee without PAN, then assessee collects detail in Form 60.<\/li>\n<li>The Form 61A-Furnish the information regarding the transaction given under rule 114E implemented during the financial year.<\/li>\n<li>Form 61B- Statements of the Accounts which should be reported in accordance with FATCA and CRS for a calendar year.<\/li>\n<\/ol>\n<ul>\n<li>No. 43 inserted w.r.t. to country by country reporting under section 286 of the act.<\/li>\n<\/ul>\n<p>Section 286 specifies the companies liable to comply with country by country reporting. They are requiring to complying with the reporting requirement of form 3CEAC and Form 3CEAD, wherever applicable.<\/p>\n<p><span style=\"color: #000080;\"><strong>The information required is stated below :\u00a0<\/strong><\/span><\/p>\n<ol>\n<li>Parent entity name<\/li>\n<li>Name of the alternate reporting entity (if applicable)<\/li>\n<li>Date of furnishing report<\/li>\n<\/ol>\n<ul>\n<li>No.44 inserted to provide the following information regarding the Break-up of expenditure of entities whether registered or not under the GST as follows:-<\/li>\n<\/ul>\n<ol>\n<li>Total expenditure incurred during the year.<\/li>\n<li>Expenditure relating to goods and services not liable to tax<\/li>\n<li>In case the expenditure of entities falling under the composition scheme<\/li>\n<li>Expenditure relating to the entities not registered in\u00a0<a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\" data-cke-saved-href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a><\/li>\n<\/ol>\n<p><span style=\"color: #000000;\"><strong>Conclusion:<\/strong><\/span><\/p>\n<p>The liability of the Auditor is increased towards the requirement of documentation and verification towards the compliance of the provisions and rules of the Act.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4120\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Amendment-in-Tax-Audit-under-section-44A.jpg\" alt=\"Latest Amendment in Tax Audit u\/s 44A\" width=\"1500\" height=\"1145\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Amendment-in-Tax-Audit-under-section-44A.jpg 1500w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Amendment-in-Tax-Audit-under-section-44A-300x229.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Amendment-in-Tax-Audit-under-section-44A-1024x782.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Amendment-in-Tax-Audit-under-section-44A-768x586.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Amendment-in-Tax-Audit-under-section-44A-800x611.jpg 800w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"THE_DTC_REPRESENTATION_OF_THE_ICAI_SUGGESTS_ON_TAX_AUDIT_UNDER_INCOME_TAX_FOR_THE_AY_2020-21\"><\/span><strong>THE DTC REPRESENTATION OF THE ICAI SUGGESTS ON TAX AUDIT UNDER INCOME TAX FOR THE AY 2020-21 :<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the light of the above and in the interests of the nation as a whole, it is humbly requested that the due date of filing of income U \/ S 139(1) for all assesses be extended to at least 31.03.2021 from the existing extended due date of 30.11.2020 for AY 2020-21. At the same time, the &#8216;defined date&#8217; for filing tax audit reports shall be extended from 31.10.2020 to 28.02.2021 for AY 2020-21.<\/p>\n<p>Furthermore, it is also desired that the online JAVA utility file ITR Form 5 &amp; 6 be published at the earliest opportunity on the e-filing portal of the Income Tax Department to allow the assesses concerned to file their return of income within the specified timeframe.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Audit_Form_Update_for_the_AY_2024-25\"><\/span><span style=\"color: #000080;\"><strong>Tax Audit Form Update for the AY 2024-25<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">Central Board of Direct Taxes notifies the Tax Audit Form Update for the AY 2024-25 vide updating the Form schema releasees dated on 29th March 2024\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6883\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.-.jpg\" alt=\"Tax Audit Form Update for the AY 2024-25.\" width=\"972\" height=\"790\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.-.jpg 972w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.--300x244.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.--768x624.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.--800x650.jpg 800w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6885\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.-1.jpg\" alt=\"Tax Audit Form Update for the AY 2024-25. ,\" width=\"843\" height=\"868\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.-1.jpg 843w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.-1-291x300.jpg 291w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.-1-768x791.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Tax-Audit-Form-Update-for-the-AY-2024-25.-1-800x824.jpg 800w\" sizes=\"(max-width: 843px) 100vw, 843px\" \/><\/p>\n<ul>\n<li>Date of the latest release of <span style=\"color: #000000;\">Tax Audit Form <\/span>Schema 29-Mar-2024<\/li>\n<li><a href=\"https:\/\/carajput.com\/publications\/applicability-of-tax-audit-u-s-44ab.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/publications\/applicability-of-tax-audit-u-s-44ab.pdf\">Applicability of Tax Audit u\/s 44AB<\/a><\/li>\n<li><a href=\"https:\/\/www.caindelhiindia.com\/blog\/3926-2\/\">Tax Audit<\/a><\/li>\n<\/ul>\n<p><strong>Popular Articles related to Tax Audit :\u00a0<\/strong><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Overview_of_Tax_Audit\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/tax-audit-an-overview-2\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/tax-audit-an-overview-2\/\">Overview of Tax Audit<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Amendment_in_Tax_Audit_us_44AB\"><\/span><strong><a href=\"https:\/\/carajput.com\/blog\/amendments-in-tax-audit-under-section-44ab\/\" data-cke-saved-href=\"https:\/\/carajput.com\/blog\/amendments-in-tax-audit-under-section-44ab\/\">Amendment in Tax Audit u\/s 44AB<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Limit_Applicable_for_tax_Audit_US_44_AB_under_Income_Tax\"><\/span><strong><a href=\"https:\/\/carajput.com\/learn\/limit-applicable-for-income-tax-audit-us-44ab-in-india.html\" data-cke-saved-href=\"https:\/\/carajput.com\/learn\/limit-applicable-for-income-tax-audit-us-44ab-in-india.html\">Limit Applicable for tax Audit U\/S 44 AB under Income Tax<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Legal_Compliance_Audit_service_in_India\"><\/span><strong><a href=\"https:\/\/carajput.com\/learn\/legal-compliance-audit-in-india.html\" data-cke-saved-href=\"https:\/\/carajput.com\/learn\/legal-compliance-audit-in-india.html\">Legal Compliance Audit service in India<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Income_tax_Chart_2020_with_covering_latest_Covid_Relaxations_Alternative_Tax_Regime\"><\/span><strong><a href=\"https:\/\/carajput.com\/Admin\/ProImage\/latest-income-tax-chart-2020-duly-updated-containing-also-the-covid-relaxations-and-alternative-tax-regime.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/Admin\/ProImage\/latest-income-tax-chart-2020-duly-updated-containing-also-the-covid-relaxations-and-alternative-tax-regime.pdf\">Income tax Chart 2020 with covering latest\u00a0Covid Relaxations &amp; Alternative Tax Regime\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Audit_Check_List\"><\/span><strong><a href=\"https:\/\/carajput.com\/Admin\/ProImage\/all-about-income-tax-audit-check-list-of-tax-audit.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/Admin\/ProImage\/all-about-income-tax-audit-check-list-of-tax-audit.pdf\">Tax Audit Check List\u00a0<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Income Tax Audit Form No. 3CD amended by The Central Board of Direct Taxes through Notification No. 33\/2018,\u00a0 The new features of Form 3CD will be in effect from 20th August 2018 to incorporate further reporting requirements related to Goods and Service Tax (GST), Transfer pricing, Statement of Financial Transactions, Section 32AD, Income from other &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[98],"tags":[877],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4118"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=4118"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4118\/revisions"}],"predecessor-version":[{"id":6884,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4118\/revisions\/6884"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=4118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=4118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=4118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}