padmakumar

[CA Harshil sheth @CA_HarshilSHETH]

10 Critical Pointers to Finalize Books of Accounts Before Tax Audit
every Accountant, Tax Professional, and Business Owner should cross check before Audit:

✅ TDS & TCS applicability review
✅ Opening Balance verification
✅ Bank, CC & Loan reconciliation with BRS
✅ Provision for outstanding expenses & statutory dues
✅ Physical Stock verification & reconciliation
✅ Form 26AS, AIS & TIS reconciliation
✅ Clearance of Suspense Accounts
✅ Debtors & Creditors balance confirmation
✅ Interest, Partner's Remuneration & Depreciation entries
✅ Collection of all supporting documents and Final Tally Data

A properly finalized set of books makes the Tax Audit smoother, reduces avoidable qualifications, and minimizes future tax disputes.

Audit quality depends on proper Book Finalization and proper Audit Documentation.

Here is detailed Artcile

LIke RT and Share with all fellow Auditors and Accoutants

[padmakumar @padmakumar15]

@DEEPKORADIA @TaxationUpdates @cbic_india @GST_Council [email protected]

[Abhas Halakhandi @AbhasHalakhandi]

TRACES portal has been revamped, but every revamp should not come at the cost of mental harassment of taxpayers and professionals!!

While registering TAN of a Company/LLP, the system is asking to link TAN with PAN through the TAN change Request form.

While Incorporation, both PAN and TAN are allotted by the Dept. & mentioned on the same Certificate of Incorporation. No seperate linking was required earlier.

Due to this technical issue on the revamped portal, TAN registration and account login are not possible from last 10 days.

Request @IncomeTaxIndia to urgently resolve this issue.
Request professionals to please rt & comment if facing same issue🙏

[padmakumar @padmakumar15]

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[Abhas Halakhandi @AbhasHalakhandi]

For AY 2025–26, the original ITR due dates were extended (non-audit cases till 15 Sep 2025 and audit/corporate cases till 10 Dec 2025). But the last date for Belated/Revised ITR remains 31 Dec 2025, leaving an unusually short gap.

A large no. of returns are still not processed, especially cases involving big refunds or other complications. Meanwhile, taxpayers are receiving bulk communications on mismatches / refund issues / doubts on deductions & exemptions. Many genuine errors come to light only after processing and can be corrected only through revision-rectification doesn’t cover everything!!

Request: Please extend the due date for Belated/Revised ITR (u/s 139(4)/139(5)) to prevent avoidable financial loss to genuine taxpayers
@IncomeTaxIndia @FinMinIndia @nsitharaman 🙏

[CA Ram Bajaj @rambajajgst]

Retweet For Support

Update on PILs for Tax Audit Report (TAR) Due Date Extension as of Today 22th Sept, 2025 Time 04.00 PM

1️⃣ Jodhpur Tax & Bar Association – Listed on 24.09.2025
2️⃣ Bhilwara Tax & Bar Association – Listed on 24.09.2025
3️⃣ Punjab & Haryana HC – CWP-28440-2025 (Ashwini Kumar v/s Central Govt.) - Heard today. Court has directed Dept. Counsel to seek instructions from CBDT by 26.09.2025, failing which the Court may pass suitable orders. Next hearing will be on 26.09.2025
4️⃣ Delhi TBA – W.P.(C) 14691/2025 – Heard today; Dept to seek instructions. Next hearing on 24.09.2025
5️⃣ RTCA – Filed. Hearing date awaited.
6️⃣ ITBA Ahmedabad - Filed SLP at Gujarat HC today. Details awaited.

#Extend_Due_Date_Immediately

For GST Update, Join this Group
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[Abhas Halakhandi @AbhasHalakhandi]

📢 Humble appeal for Tax Audit Due Date Extension
⚠️Unrealistic Deadline-Risk to Auditors’ Health/Life

📌Expecting 2 months’ work to be finished in just 14 days is an impractical expectation from auditors. Till 16th September, every auditor was fully engaged in ITR filing compliance.

📌Earlier also each time, whenever ITR dates were extended, Audit dates too were extended as it is well-known that auditors are responsible not only for audits but also engaged in ITR filing.

📌Today, the immense pressure of an unrealistic deadline has created a situation where professionals are forced to working day & night under extreme stress
Such stress may unfortunately lead to mis-happenings which cannot be undone.

📌We sincerely request that the due date be extended before this undue pressure results in irreparable damage or before the collective request of professionals/taxpayers takes an unwanted turn.

@IncomeTaxIndia @FinMinIndia @nsitharamanoffc - Either you are unaware of the immense pressure auditors are facing or are choosing to ignore it. Both situations are equally worrying!!

🙏 Kindly extend the due date and relieve professionals from this unsustainable stress

#ExtendTaxAuditDueDate #Extend_Due_Date_Immediately

[Income Tax India @IncomeTaxIndia]

KIND ATTENTION TAXPAYERS!

"Having difficulty accessing the Income Tax e-Filing Portal?
Sometimes, access difficulties with the Income Tax e-Filing Portal may arise due to local system/browser settings. These simple steps often help resolve such issues:

▶️Delete temporary files → Press Win + R → type temp and %temp% → delete all files.

▶️Clear browser cache & cookies → Go to Browser Settings → Clear browsing data (cache + cookies)

▶️Use a different/supported browser → Latest version of Chrome or Edge.

▶️Open in Incognito/Private Mode → Shortcut: Ctrl+Shift+N OR Ctrl+Shift+P (Firefox

▶️Disable browser extensions → Especially ad-blockers or privacy tools.

▶️Update your browser → Ensure you are on the latest version.

▶️Try a different network → Switch to another Wi-Fi or mobile hotspot.

Following these checks usually resolves most local access-related difficulties. For further support, please connect with us through our official helpdesk/contact channels.
@nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

[CA Ram Bajaj @rambajajgst]

Retweet for support For ITR / Audit Date Extend Demands Due to Non Working of IT Portal

#Extend_Due_Date_Immediately #extend_ITR_TAR_duedates #extend_due_dates_immediately

Ram Bajaj
8696424223

For GST Update, Join this Group
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[CA Chirag Chauhan @CAChirag]

The Income Tax Portal is completely down.

@IncomeTaxIndia

Retweet if you're experiencing the same issue.

[Arpit Haldia @haldiaarpit]

Can a notice be issued solely under section 47 for recovery of late fees for delayed filing of GSTR-1 or for that matter recovery of any late fees for delayed filing of returns under the provision of the Statute

At times it is seen that taxpayer are receiving notices issued solely under the provisions of Section 47 for recovery of late fees for delayed filing returns.

This post does not goes into the aspect that whether Section 73 empowers for collection of late fees or not (since it only speaks about tax, interest and penalty) or why system did not collect the late fees.

This post only seeks to discuss the issue that can a notice under Section 47 be issued for recovery of late fees for delayed filing of GSTR-1.

It would be apt to highlight at the outset that wherever the statute stipulates that an officer shall exercise the power under a provision, it uses the term "proper officer" in the specified provision, and at all such places in such provisions, Circular No. 3/3/2017 Dated 5th July 2017 assigns that power to an officer under the statute.

Unlike the provisions of Section 73/74, Section 47 are not the provisions of determination and recovery under the Statute. Also when we go through the provisions of Section 47, it does not empower a proper officer to determine and recover late fees, therefore Circular No. 3/3/2017 Dated 5th July 2017 also does not assign that power of determination and recovery of late fees to any of the officer in the statute.

Thus, when provisions of Section 47 do not entrust the power to determine and recover late fees to a proper officer and thus no proper officer has been assigned the power under Section 47 by Circular No. 3/3/2017 Dated 5th July 2017, any consequential proceedings under the said provision for recovery of late fees by issuance of notice is illegal and ultra vies to the statute.

Therefore, no notice can be solely issued under the provisions of Section 47 for the recovery of late fees.

[CA Ram Bajaj @rambajajgst]

Kindly Retweet For Support

#Extend_Due_Date_Immediately

Ram Bajaj
8696424223

For GST Update, Join this Group
https://t.co/RNIFISuzKD

[Santosh kumar choudhry @kskchoudhury]

Dear freinds & Professional colleagues, it's high time to Retweet with below Hastag For ITR/Tax Audit Due date Extension.
@IncomeTaxIndia @nsitharaman
@nsitharamanoffc @FinMinIndia
@PMOIndia @narendramodi
#Extend_due_date_now
#Extend_Due_Date_Immediately #extend_ITR_TAR_duedates

[CA Ram Bajaj @rambajajgst]

Retweet For Support

जब ITR की Due Date बिना माँगे बिना बोले 1 महीने पहले ही Extend की जा सकती है तो फिर Tax Audit Date Extend करने में इनको क्या तकलीफ़ है अब, ITR ख़त्म होने के बाद ही Tax Audit होती है, अब ITR और Tax Audit में सिर्फ़ 15 दिन का अंतर रखना एकदम ग़लत है

@nsitharaman

Ram Bajaj
8696424223

For GST Update, Join this Group
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[Taxation Updates (CA Mayur J Sondagar) @TaxationUpdates]

ITR Due Date already extended to 15th September but Tax Audit Due Date is still 30th September

Dear @IncomeTaxIndia Kindly extend Tax Audit Due Date also

[CBIC @cbic_india]

It is kindly requested that speculation on GST rates may be avoided.

👉🏻Decisions in this regard are taken collectively by the GST Council which comprises of the Centre and States.

👉🏻Premature speculation gives rise to baseless rumours and may cause volatility in the markets.

👉🏻All stakeholders are advised to kindly await the official announcements which will be made after the GST Council meeting scheduled on 3rd and 4th September, 2025.

@FinMinIndia
@nsitharamanoffc
@mppchaudhary
@PIB_India

[CA Ram Bajaj @rambajajgst]

Retweet For Support

Kindly Extend Due Date in Advance Due to Date Extension of ITR upto 15th Sept

Tax Audit - 31st Dec
GST 9/9C - 28th Feb

@cbic_india @IncomeTaxIndia

Ram Bajaj
8696424223

For GST Update, Join this Group
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[GST Tech @Infosys_GSTN]

𝐖𝐚𝐭𝐜𝐡 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞 𝐯𝐢𝐝𝐞𝐨 𝐬𝐞𝐫𝐢𝐞𝐬 𝐨𝐧 ‘𝐞-𝐈𝐧𝐯𝐨𝐢𝐜𝐞 𝐈𝐑𝐏 𝐎𝐟𝐟𝐥𝐢𝐧𝐞 𝐓𝐨𝐨𝐥𝐬 – 𝐖𝐞𝐞𝐤𝐥𝐲 𝐖𝐞𝐛𝐢𝐧𝐚𝐫 𝐰𝐢𝐭𝐡 𝐈𝐑𝐏𝐬 - 𝐂𝐥𝐞𝐚𝐫𝐓𝐚𝐱’

𝐋𝐢𝐧𝐤: https://t.co/FyBCrriizo

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#einvoice #IRP #OfflineTools #API #GSP #ASP #GSTnews #webinar #GSTN

[padmakumar @padmakumar15]

@BCCI @mdsirajofficial @AmitShah