Tag: Section 40(a)(ia)

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.

Income Tax

CBDT FAQ Deep-Dive #12: Section 40(a)(ia) TDS Disallowance Before the September 30, 2026 Tax Audit and the Move to Section 35(b) of the Income-tax Act 2025

CA Adityavikram Banka

Section 40(a)(ia) disallows 30% of a resident payment where TDS was not deducted or not paid by the ITR due date. How it works before the 30 September 2026 tax audit, and the move to Section 35(b) of the Income-tax Act 2025.