Tag: Tax Audit

Income Tax

Tax Audit Applicability for FY 2025-26: Who Must File by September 30, 2026 (Section 44AB Limits, the Rs 10 Crore Test and the Presumptive Trap)

CA Adityavikram Banka

Tax audit applicability for FY 2025-26: Section 44AB limits (Rs 1 crore, Rs 10 crore digital, Rs 50 lakh profession), the presumptive trap and the September 30, 2026 due date.

Income Tax

CBDT FAQ Deep-Dive #10: ICDS and Method of Accounting Under Sections 276 and 277 of the Income-tax Act 2025

CA Adityavikram Banka

Section 145 becomes Section 276 and Section 145A becomes Section 277 under the Income-tax Act 2025 from 1 April 2026. How ICDS, method of accounting and inventory valuation carry forward into FY 2026-27, with a Form 3CD action checklist and FAQ.