Tag: Section 40A(3)

Income Tax

Section 40A(3) Cash Payment Disallowance in the September 30, 2026 Tax Audit: The Rs 10,000 Rule, Rule 6DD Exceptions and the Move to Section 36 of the Income-tax Act 2025

CA Adityavikram Banka

Section 40A(3) disallows cash business payments over Rs 10,000 (Rs 35,000 for goods carriage) in full. Rule 6DD exceptions, Clause 21(d) reporting and the move to Section 36 of the Income-tax Act 2025.

Income Tax

Form 3CD Clauses Founders and CAs Get Wrong in the September 30, 2026 Tax Audit (and the Move to Form 26 Under the Income-tax Act 2025)

CA Adityavikram Banka

The Form 3CD clauses that trip up FY 2025-26 tax audits before 30 September 2026: MSME 43B(h), employee PF, TDS, cash payments and GST, plus the move to Form 26 under Section 63.