S V SUBRAMANYAM

CHARTERED ACCOUNTANT

[Pallav Parashar @FCAPallav]

@ajeetbharti

[CS Jigar Shah @FCSJigarShah]

RBI requires all service exporters to submit a unified Export Declaration Form #EDF to their banks starting October 1, 2026.

@Anupriyasays
https://t.co/f0TeaMHsNL

#CSTwitter

[Abhishek Raja "Ram" | Revolutionary Raja Ram @abhishekrajaram]

🚨 TAX ALERT: Composite GST Show Cause Notice Covering Multiple Tax Periods Set Aside

🔹 What Happened: The Department issued a single Show Cause Notice covering tax periods from 2020-21 to 2022-23. The High Court, following S.J. Constructions, held that such a composite notice covering multiple tax periods was not sustainable.

[Taxology India @taxologyin]

ESOP taxation is entering a grey zone as courts take different views on payouts for vested but unexercised options.

The Bengaluru ITAT recently treated repurchase proceeds as long term capital gains, while Karnataka and Delhi High Courts had earlier rejected salary taxation in similar situations. The Madras High Court took the opposite view.

With no specific statutory clarity, employees face uncertainty and employers face difficult TDS and compliance decisions.

[CA Kunika Agrawal @kunikawrites]

A blank column in Form 3CD led to a penalty.

Clause 40 (GP, NP, turnover, stock-in-trade, etc.) was left blank in the tax audit report.

The AO treated the report as incomplete and levied a penalty.
The CIT(A) upheld it.

The assessee explained:
→ The omission was inadvertent and due to a software error
→ The CA who prepared the report filed an affidavit confirming there was no mala fide intention

The matter reached the Delhi ITAT.

The Tribunal held that, considering the facts of the case, this amounted to “reasonable cause” under Section 273B.

Penalty deleted.

The Tribunal called the facts peculiar, so this is not a free pass to leave clauses blank.

But in this case, the explanation and supporting affidavit established reasonable cause.

Case: Partyaksh Sharma v. ITO | ITA No. 1813/Del/2026 | AY 2017-18 | Delhi ITAT | 17.07.2026

[Pareek GK @gopipareek]

😂 Everyone is busy refreshing for the Tax Audit Extension…

“Extension aayi kya?”
“CBDT ne kuch bola?”
“Due date badhegi kya?” 😅
Meanwhile, somewhere in the corner:
👉 Your ITR is sitting there — FILED but NOT E-VERIFIED! 🫣

Please don’t let the Tax Audit Extension drama make you forget your own ITR compliance.

⏰ Check your pending e-verification TODAY.

Because waiting for an extension is one thing…

Making your already-filed ITR invalid because you forgot to verify it is a completely different level of pain! 😐

#TaxAudit #TaxAuditExtension #ITR #ITRVerification #EVerification #IncomeTax #Extension_हक़_है_भीख_नहीं #ExtendTAarduedate

[Prashant Aggarwal CA @CaPrashantAgga1]

Tax Professionals are waiting for a clear answer. Extension or no extension, please let us know. 30 September is very close. We sincerely request the Government to extend the Tax Audit due date to 31 October.

@IncomeTaxIndia

#ExtendTaxAuditDueDate

[CA. Deepak Chhabra @CADeepakDelhi]

Jo log “Extension coming, Extension coming” kehkar engagement farming kar rahe hain…
Unko ek dard bhare CA ki haaye lagegi! 😂

#Extendtaxauditduedate #Taxaudit #CA

[CA Yash Gupta @yashgupta1202]

Why #TARExtention should be there

1) Window reduced from 60days to 30 days

2)New format for Non Corporate entity having turnover more than 5 crore

3)Continuous updation of Utility

4)Late release of utility

Now tell me what problem CBdT will face after extention

#ExtendTaxAuditDueDate
#Extension_हक़_है_भीख_नहीं
#extend_TAR_due_date

[CA. Deepak Chhabra @CADeepakDelhi]

A humble request to the Income Tax Department:

If the extension is to be given, please announce it now.
If not, please make it clear that the deadline will not be extended.

The profession deserves clarity. 🙏🏻

#Extendtaxauditduedate @IncomeTaxIndia @FinMinIndia @theicai

[Anil Sarda @anilsarda89]

All Tax Professionals have ONE DEMAND:

Extend the Tax Audit Report due date immediately

@IncomeTaxIndia, please respond to the genuine concerns of the tax fraternity. Quality audits need adequate time

#ExtendTaxAuditDueDate #TaxAudit #CA #ICAI #CBDT #Extension_हक़_है_भीख_नहीं

[Sachin Mishra (Adv.) 🇮🇳 @_sachinmishra_]

Hon’ble @IncomeTaxIndia, @FinMinIndia — A humble request for extension of the Tax Audit Report due date beyond 30 September 2026.
With heavy to very heavy rainfall and adverse weather conditions in several parts of the country, particularly UP, and a nationwide bank strike... 1/3

[The Lone Wanderer @_LoneWanderer15]

#ExtendTARDueDate
#ExtendTaxAuditDueDate
#ExtendTaxAuditDate

[CA Sanjay Badala @casanjaybadala]

#ExtendTaxAuditDueDate Hon’ble @IncomeTaxIndia, The need for extension is genuine and urgent. Kindly extend the Tax Audit due date from 30th September to 31st October 2026 without further delay. #ExtendTaxAudit @FinMinIndia @PMOIndia @PiyushGoyal

[Lalit Kumar @lalit112212]

Hon’ble @IncomeTaxIndia,

The need for extension is genuine and urgent.

Kindly extend the Tax Audit due date from 30th September to 31st October 2026 without further delay.

#ExtendTaxAudit
@FinMinIndia @PMOIndia @myogiadityanath @myogioffice @PiyushGoyal
#ExtendTaxAuditDueDate

[The Lone Wanderer @_LoneWanderer15]

#ExtendTARDueDate
#ExtendTaxAuditDueDate
#ExtendTaxAuditDate

[Gaurav MANOCHA 🇮🇳 @humanity_IND]

करदाताओं और प्रोफेशनल्स की वास्तविक परेशानियों को देखते हुए टैक्स ऑडिट की अंतिम तिथि बढ़ाई जाए।
समय पर और त्रुटिरहित अनुपालन के लिए पर्याप्त समय देना न्यायसंगत और आवश्यक है।
कृपया टैक्स ऑडिट की Due Date Extension की घोषणा जल्द करें। @IncomeTaxIndia
#ExtendTaxAuditDueDate

[CA ADITYA SINGH @gstaditya9]

One more request by member of parliament for extension of due date of tax audit

[Deepak Rai(Attempt wala ca aspirant) @DeeppakRai]

Timely Extension dene se ...

Jo Roj ke overtime 4/5 ghante jo extra dene pad rhe + sundays bhi jana pad rha ,wo bach jate...

Jitna late extension aayega utna iski effectiveness kam hoti jayegi.....

Article Assistant bhi bechare relaye pde h.....

#extendtarduedate

[Mukesh @MukeshV17665376]

जो विभाग हाई कोर्ट में समय पर अपना जवाब तक दाखिल नहीं कर सकता, जिसको खुद एक्सटेंशन चाहिए और हमारे एक्सटेंशन माँगने पर मुँह मैं दही और शरीर मै लकवा मार जाता है।

वाह रे व्यवस्था!
Deadline हमारी तय करेंगे , जवाब आपका बाकी रखेंगे ! 😏
कैसी विडंबना है?

#TaxAuditExtension #IncomeTaxDepartment #RajasthanHighCourt
#Extension_हक़_है_भीख_नहीं
#taxaudit
#extendduedateimmediately @IncomeTaxIndia
@nsitharaman
@nsitharamanoffc
@Sudhirhalakhndi
@abhishekrajaram @bcasglobal @theicai @AbhasHalakhandi @akhilpachori @rambajajgst @rajasthanbench @ROHITPODDAR1987