CA Edwinraj S B.Com, FCA

Chartered Accountant | FCA
Tax • GST • Audit • Finance • Law
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[CA Edwinraj S B.Com, FCA @edwinfca13]

@dhans4all This is a social and public health issue that requires immediate attention, beyond politics.

#TamilNadu #PublicHealth #RoadSafety #MensHealth #MentalHealth #AlcoholAwareness #PreventiveHealthcare #SocialAwareness

[CA Edwinraj S B.Com, FCA @edwinfca13]

🚨 Due Date Extended — But Don’t Miss This!

While the Tax Audit due date has been extended, remember that the AGM due date for Companies has NOT been extended.

Plan your compliance accordingly and avoid last-minute issues.

#TaxAudit #DueDateExtension #AGM #CompaniesAct #MCA #Compliance #CharteredAccountants #CAIndia #TaxAudit2026

[CA Edwinraj S B.Com, FCA @edwinfca13]

FINALLY! TAX AUDIT DUE DATE EXTENDED! 🙏

CBDT extends the Tax Audit Report due date for AY 2026-27 from 30th September 2026 to 21st October 2026.

Audit-case ITR due date also extended from 31st October to 21st November 2026.

Much-needed relief for the professional fraternity! 🙏

#TaxAudit #TaxAuditExtension #TaxAudit2026 #CBDT #IncomeTax #ICAI #CharteredAccountants #ExtendTaxAuditDueDate

[Income Tax India @IncomeTaxIndia]

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income for Assessment Year 2026-27 in the case of persons mentioned at S. No. 2 in the Table below Explanation 2 to sub-section (1) of section 139 of the Income-tax Act, 1961 from 31st October, 2026 to 21st November, 2026.

Accordingly, the 'specified date' for furnishing of the report of audit under the provisions of the Income-tax Act, 1961 for Assessment Year 2026-27, in the case of such persons, stands extended to 21st October, 2026

Press Release Issued.

[CA Edwinraj S B.Com, FCA @edwinfca13]

With the ICAI UDIN Portal temporarily unavailable due to a technical issue, Tax Audit Reports should not be held up merely for UDIN generation.

Where permitted on the Income-tax portal, CAs can file the TAR without UDIN and update the UDIN subsequently once the portal is restored.

Don’t wait for UDIN. File the TAR on time. Update UDIN later.

#TaxAudit #TaxAudit2026 #UDIN #ICAI #IncomeTax #TAR #CharteredAccountants #TaxAuditDueDate #CBDT #IncomeTaxIndia

[CA Edwinraj S B.Com, FCA @edwinfca13]

@Basappamv It took 64 years to move from the 1961 Act to the 2025 Act.

Please don’t expect us to move from Sec. 119 to Sec. 239 overnight! 😂😂😄

#IncomeTaxAct2025 #CBDT #TaxProfessionals #TaxHumour

[CA Edwinraj S B.Com, FCA @edwinfca13]

For the last few days, we have been hearing the same thing:

“As per internal sources, the Tax Audit due date will be extended…” 😄

At this point, the biggest mystery is not whether the due date will be extended…

It is WHO exactly is this “internal source”? 😂

Looks like the “internal source” knows everything except when CBDT will make it official! 😄

Till then, better to trust the official notification and continue the audits.

#TaxAudit #TaxAuditDueDate #TaxAuditExtension #CBDT #IncomeTaxIndia #AuditReport #TAR #ExtendDueDate #CharteredAccountants #TaxProfessionals

[CA Edwinraj S B.Com, FCA @edwinfca13]

As of now, there is no extension announced by CBDT.

With hardly two days left, instead of spending our valuable time on X/Twitter expecting or requesting an extension, it may be better to focus our time and resources on completing the pending Tax Audit Reports.

Unless CBDT officially extends the deadline, 30th September is the deadline we have to work with.

Let us plan accordingly, push the work, support our teams and ensure maximum possible compliance within the available time.

Hope for an extension - but work as if there is none.

#TaxAudit #TaxAuditDueDate #TAR #CBDT #CharteredAccountants #TaxProfessionals

[CA Edwinraj S B.Com, FCA @edwinfca13]

👏 A real eye-opener!

Turnover: Rs. 11 lakh
Profit: Rs. 17,000 (1.55%)

Profit below 6%/8% = Tax Audit? Not necessarily!

👉 First check Section 44AD(4) — whether the firm had opted for 44AD earlier and subsequently opted out.

44AD(4) attracted + prescribed income condition satisfied → Audit u/s 44AB(e).

Otherwise, low profit alone does not trigger Tax Audit.

👏 Small provision. Big difference!

[CA Edwinraj S B.Com, FCA @edwinfca13]

Important tax reform

From 1 April 2026, arrest and detention have been removed as modes of recovery for tax default under the new Income-tax framework.

Recovery will focus on financial/property enforcement such as attachment and sale of assets.

A significant step towards decriminalising tax administration.

#IncomeTax #CBDT #TaxUpdate #IncomeTaxAct2025 #TaxReforms #DirectTax #CAUpdates

[CA Edwinraj S B.Com, FCA @edwinfca13]

Tax Audit is not just a compliance formality—it requires time, verification and professional due diligence.

With multiple statutory deadlines running back-to-back, adequate time is essential to ensure quality and accurate reporting.

We request @IncomeTaxIndia @FinMinIndia to kindly extend the Tax Audit Report due date to 31.10.2026.

A timely extension will reduce last-minute pressure and help professionals maintain the quality of audit and reporting.

#ExtendTaxAuditdate #TaxAudit #TAR

[CA Edwinraj S B.Com, FCA @edwinfca13]

Important ICAI Update 🚨

From 1 April 2026, the 60 Tax Audit limit per FY per member will be tracked through UDIN

✅ 44AB(a) & (b) → Counted
❌ 44AB(c), (d) & (e) → Not counted

Using a wrong UDIN category to bypass the limit may invite proceedings.

#ICAI #TaxAudit #UDIN #CharteredAccountants #IncomeTax #TaxCompliance #Section44AB #CAUpdates #TaxProfessionals #IncomeTaxIndia

[CA Edwinraj S B.Com, FCA @edwinfca13]

TDS Update | Property Purchase from Non-Resident

From 1 Oct 2026, a resident Individual/HUF buying immovable property from a non-resident can deposit & report TDS u/s 393(2) through Form 141 (challan-cum-statement).

New Schedule E added to Form 141 and Form 132 amended accordingly.

CBDT Notification No. 121/2026

#IncomeTax #TDS #NRI

[CA Edwinraj S B.Com, FCA @edwinfca13]

A government's greatest responsibility is to build human capital. When it starts normalizing drugs, violence, vulgarity, and the collapse of educational standards, it isn't governing-it is sacrificing an entire generation for short-term politics.

The cost will be paid for decades.

#HumanCapital #Education #Youth #FutureOfIndia #GoodGovernance #PublicPolicy #Leadership #NationBuilding #TamilNadu #SocialResponsibility

[CA Edwinraj S B.Com, FCA @edwinfca13]

Roads can be rebuilt. Bridges can be rebuilt. Economies can recover.

But once a generation loses its values, discipline, and desire to learn, rebuilding a society becomes infinitely harder.

That is the price of failed governance.

#HumanCapital #Education #Youth #Leadership #Governance #PublicPolicy #FutureGeneration #SocialResponsibility #TamilNadu #India

[CA Edwinraj S B.Com, FCA @edwinfca13]

அப்பா இறந்தபோது வாழ்க்கை ஒரு பெரிய பாடத்தைக் கற்றுக்கொடுத்தது. நானும் என் மனைவியும் மருத்துவமனையில் இருந்து அப்பாவின் உடலை வாங்கினோம். அவருக்கு வைக்க ஒரு பூ கூட வாங்க முடியவில்லை. வீட்டிற்குக்கூட எடுத்துச் செல்லாமல், நேராக மயானத்திற்கே கொண்டு சென்றோம். அடக்கம் முடியும் வரை நாங்கள் இருவரும், அங்கிருந்த சில நல்ல உள்ளங்களும் மட்டுமே இருந்தோம். அப்போதுதான் புரிந்தது—வாழ்க்கையில் நம்மைச் சுற்றி இருக்கும் கூட்டம் முக்கியமல்ல; கடைசி வரை நம்மோடு நிற்பவர்கள்தான் உண்மையான உறவுகள்.

[CA Edwinraj S B.Com, FCA @edwinfca13]

Bar Privilege Fee Revision – Key Observations

• No stated rationale: The Government Order revises the privilege fee but does not specify the reason for doubling it.

• Revenue objective: Based on past excise policy trends, such revisions are generally intended to augment State revenue.

• Consumer impact: Higher licence costs are typically passed on through pricing, meaning consumers are likely to bear part of the additional burden.

#TamilNadu #ExcisePolicy #PublicPolicy #Taxation #EconomicImpact

[CA Edwinraj S B.Com, FCA @edwinfca13]

Today, many ordinary people hesitate to express their opinions on social media.

The reason is simple,instead of debating ideas, some people resort to abusing parents, spouses, siblings, and children to silence anyone with a different opinion.

This toxic culture is killing healthy political discourse. Disagree with the argument if you must, but dragging families into it is neither courage nor democracy.

People deserve a space where ideas are debated, not individuals and their families attacked.

[CA Edwinraj S B.Com, FCA @edwinfca13]

@RealAravind36 உண்மையைத் தேடுபவர்கள் குறைந்துவிட்டார்கள்; தங்கள் கருத்தை உறுதிப்படுத்தும் குரல்களைத் தேடுபவர்கள்தான் அதிகமாகிவிட்டார்கள்.