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Tax Audit Due Date Extension AY 2026-27: Latest Update as at 17 September 2026 (No CBDT Circular Yet, 30 September Stands)

Harsh Vyas
Harsh Vyas CA · Sep 17
Status as at 17 September 2026: the AY 2026-27 tax audit report is still due 30 September. No CBDT circular under Section 119 has issued. Dated update log, the 2022-2025 extension record with circular numbers, who has asked for what, where a circular appears first, and what a late report costs.
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682

ICAI Has Rewritten the Balance Sheet for Every Proprietor, Partnership Firm and HUF: The Non-Corporate Format, the Comparatives Trap and What Your Auditor Must Report From This September

Harsh Vyas
Harsh Vyas CA · Sep 8
ICAI's Guidance Note on Financial Statements of Non-Corporate Entities is live: turnover above Rs 5 crore from FY 2025-26, everyone from FY 2026-27. The vertical format, the previous-year figures you must recast, the notes it demands, and what the auditor reports if you skip it.
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181

EPF Partial Withdrawal Under the 2026 Scheme: Thirteen Reasons Collapsed Into Three, 75% of Your Balance Reachable After 12 Months, and the 25% That Stays Locked (Paragraph 46 Explained)

Mrunmai Madaye
Mrunmai Madaye · Sep 13
The EPF Scheme 2026 (in force 29 June 2026) replaced thirteen advance provisions with three categories: essential needs, housing, special circumstances. Each allows up to 100% of your "Eligible Member Balance", which is your balance minus a 25% minimum that stays, after 12 months of membership. Limits, how many times, a worked example, and the tax position.
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176

No GST Registration Without Biometric Aadhaar Authentication: What the Delhi High Court's Nationwide Direction of 8 September 2026 Changes for Every New Applicant

Sachin Mohite
Sachin Mohite · Sep 13
On 8 September 2026 the Delhi High Court directed "all the authorities across the country" not to grant any GST registration without biometric Aadhaar authentication, for the time being. Until now the biometric visit was for risk-flagged applicants only. What the order says, what Rule 8(4A) already did, what changes at the GST Suvidha Kendra, and the 22 September date.
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165

Declared Profit Below 8% or 6%? You May Need a Tax Audit Even Under Rs 1 Crore: The Section 44AD(4) Trap, and Who It Does Not Catch

Vijay R S
Vijay R S · Sep 11
Turnover under Rs 1 crore does not settle the tax-audit question. If you used Section 44AD in any of the last five years and now declare below 8% (6% on digital receipts), Section 44AD(4) applies, and Section 44AB(e) requires an audit when your total income exceeds the basic exemption limit (Rs 4 lakh, new regime). A first-time low-profit declarant who never opted in is NOT caught.
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163

The Finance Act 2026 Cut the Tax Audit Window From 61 Days to 30: Why 30 September Must Move to 31 October, and How to Fix the Law

Harsh Vyas
Harsh Vyas CA · Sep 7
The Finance Act 2026 moved the non-audit business ITR date to 31 August but left the tax audit report at 30 September. The working audit window fell from 61 to 30 days. The September calendar, what CBDT did in 2024 and 2025, and a two-part fix: extend to 31 October now, then re-link the law.
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161

Bringing an iPhone 18 Pro or iPhone 17 From Dubai or the US: What Indian Customs Charges Under the Baggage Rules 2026 (Rs 75,000 Allowance, 35% on the Rest, Worked Examples)

Sachin Mohite
Sachin Mohite · Sep 17
A resident flying into India gets Rs 75,000 of articles duty-free; a new iPhone above that pays 35% basic customs duty on the excess, with no surcharge and no IGST. The "10% from April" rate is for post and courier, not airports. Worked figures for the iPhone 18 Pro from Dubai and the US, and the iPhone 17.
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137

Form 3CD Clause 44 (GST Break-up of Expenditure): Why Your CA Is Asking for Every Supplier's GST Number

Sachin Mohite
Sachin Mohite · Sep 11
Clause 44 of Form 3CD makes the tax auditor split your total expenditure by the supplier's GST status: exempt goods or services, composition dealers, other registered suppliers, and unregistered suppliers. It was deferred four times and has been live since AY 2022-23. What the columns mean, what is excluded, how to build the data from GSTR-2B and the purchase register, and why the number has to tie to your GST returns.
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130

SEBI’s Nomination Rules from 1 September 2026: Your Existing Demat Account Is Not Freezing, and Here Is What Actually Changed

Mrunmai Madaye
Mrunmai Madaye · Sep 8
From 1 September 2026 a new single-holder demat account or mutual-fund folio must carry a nomination or a recorded opt-out. Existing accounts get reminders, not a freeze; the freeze rule was withdrawn in June 2024. Up to three nominees, only name and relationship mandatory, no witness for a signed form. What the SEBI circular of 29 May 2026 says.
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