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Chartered Accountant Firm
Audit & Assurance
Statutory audit, tax audit, internal audit, and assurance services — what they are, why they matter, and how PGT & Associates delivers them.
Tax Audit Penalty for AY 2026-27 under Section 271B
Section 271B penalty for a late tax audit report for AY 2026-27: half a percent of turnover or gross receipts, capped at Rs 1,50,000, and when section 273B reasonable cause can apply. The filing date itself is on the firm's CBDT extension note.
shubhamtulsian05
12 hours ago3 min read
Section 80M Inter-Corporate Dividend Deduction: Concessional Tax Regimes, Holding Company Structuring & Form 3CD Disclosures
Tax audit and corporate structuring advisory on Section 80M: Eliminating cascading dividend taxation across parent and subsidiary companies, matching dividend distribution due dates with tax audit filings, and Form 3CD reporting by PGT & Associates.
shubhamtulsian05
Sep 217 min read
Section 43B(h) MSME Year-End Vendor Payments: 15/45-Day Verification, Overdue Interest Disallowance & Form 3CD Clause 26 Disclosure
Tax audit verification manual on Section 43B(h): Tracking 15-day and 45-day payment cycles to Micro and Small Enterprises, Section 16/23 interest disallowance under MSMED Act, and Clause 26 reporting by PGT & Associates.
shubhamtulsian05
Sep 207 min read
Clause 17 & Clause 18 of Form 3CD: Depreciation Allowable under Section 32, Additional Depreciation & Carve-Outs for Concessional Regimes
Comprehensive tax audit manual on Clauses 17 & 18 Form 3CD: Depreciation schedules under Section 32, block of assets accounting, additional depreciation eligibility under Section 32(1)(iia), and adjustments under concessional tax regime Section 115BAA by PGT & Associates.
shubhamtulsian05
Sep 198 min read
Clause 32 of Form 3CD: Brought Forward Losses & Depreciation (Section 79 Shareholding Test & Section 72 Set-Off Limitations)
Tax audit masterclass on Clause 32 Form 3CD: Tracking 8-year business loss carry-forward, indefinite unabsorbed depreciation under Section 32(2), Section 79 51% shareholding continuity test for closely-held companies, and DPIIT startup exemptions by PGT & Associates.
shubhamtulsian05
Sep 198 min read
Clause 21 of Form 3CD: The Statutory Disallowance Matrix (Section 40(a)(ia) TDS, Section 40A(2)(b) Related Parties & Section 40A(3) Cash Limits)
Comprehensive tax audit technical manual on Clause 21 Form 3CD: Forensic verification of Section 40(a)(ia) 30% disallowance, Section 40A(2)(b) fair market value scrutiny on director remuneration, and Section 40A(3) ₹10,000 cash disallowance exceptions under Rule 6DD by PGT & Associates.
shubhamtulsian05
Sep 189 min read
Clause 31 of Form 3CD: Acceptance & Repayment of Loans/Deposits (Section 269SS, 269T & 269ST), Penalty Risks Under Section 271D/271E & Audit Workpapers
Tax audit compliance manual on Clause 31 Form 3CD: Sub-clauses 31(a) to 31(e) breakdown, Section 269SS/269T acceptance and repayment restrictions, Section 271D/271E 100% penalties, Section 273B reasonable cause defenses, and journal entry scrutiny by PGT & Associates.
shubhamtulsian05
Sep 177 min read
Clause 34 of Form 3CD: TDS Compliance, Section 40(a)(ia) 30% Disallowance, Form 26A Remediation & Section 201(1A) Interest Defense
Tax audit advisory on Clause 34 Form 3CD: Chapter XVII-B compliance tables, Section 40(a)(ia) 30% domestic disallowance vs 100% non-resident disallowance, Form 26A safe-harbour certifications, and Section 201(1A) penal interest calculations by PGT & Associates.
shubhamtulsian05
Sep 147 min read
Clause 44 of Form 3CD: Breakdown of Total Expenditure on GST Registered vs Unregistered Entities & Audit Defense
Technical audit manual on Clause 44 Form 3CD: Entity-level expenditure reporting across GST registered, composition, exempt, and unregistered suppliers, reconciling trial balances with GSTR-2B, and ICAI guidance note disclaimers by PGT & Associates.
shubhamtulsian05
Sep 136 min read
Clause 25 of Form 3CD: Deemed Profits Under Section 41 & Unilateral Write-Back of Sundry Creditors
Tax audit advisory on Clause 25 Form 3CD: Section 41(1) remission or cessation of trading liability, unilateral creditor write-backs, limitation act applicability, and audit defense by PGT & Associates.
shubhamtulsian05
Sep 127 min read
Clause 20(b) of Form 3CD: Employee Contribution to PF/ESI & Section 36(1)(va) Strict Due Date Disallowance Post-Checkmate
Audit verification guide for Clause 20(b) Form 3CD: Supreme Court Checkmate judgement, employee vs employer contributions under Section 43B, challan date reconciliation, and audit reporting by PGT & Associates.
shubhamtulsian05
Sep 108 min read
Clause 21(b) of Form 3CD: Disallowance of Amounts Inadmissible Under Section 40(a) for Non-Resident & Domestic TDS Defaults
Tax audit manual on Clause 21(b) of Form 3CD: 100% disallowance under Section 40(a)(i) on foreign remittances vs 30% disallowance under Section 40(a)(ia) on domestic payments, and subsequent cure rules by PGT & Associates.
shubhamtulsian05
Sep 96 min read
Clause 40 of Form 3CD: Accounting Ratios, Gross Profit & Net Profit Margin Fluctuations Audit Defense
Technical audit guide on Form 3CD Clause 40: Computation of turnover ratios, GP/NP margin variance analysis, raw material consumption reconciliations, and scrutiny defense by PGT & Associates.
shubhamtulsian05
Sep 76 min read
Clause 44 of Form 3CD: Breakup of Total Expenditure Attributable to GST Registered & Non-Registered Entities
Technical tax audit guide for Form 3CD Clause 44: Expenditure categorization between exempt, composite, registered, and non-registered vendors, depreciation exclusion, and reporting workpapers by PGT & Associates.
shubhamtulsian05
Sep 57 min read
Clause 31 of Tax Audit Report: Form 3CD Reporting for Loans, Deposits & Advances Under Section 269SS/269T
Clause 31 Form 3CD audit manual: Verification of acceptance and repayment of loans, deposits, and specified advances exceeding Rs. 20,000, Section 271D/271E penal implications by PGT & Associates.
shubhamtulsian05
Sep 48 min read
Section 43B(h) MSME Payment Disallowance for AY 2026-27: 15/45-Day Rule, Form 3CD Clause 26 & Audit Checklist
Comprehensive compliance guide on Section 43B(h) of the Income-tax Act: Timelines under Section 15 of MSMED Act, vendor classification, Clause 26 Form 3CD reporting, and disallowance mechanics by PGT & Associates.
shubhamtulsian05
Sep 48 min read
Clause 14 of Form 3CD: Valuation of Inventory Under Section 145A, Ind AS 2 & Tax Audit Reporting for AY 2026-27
Technical analysis of Clause 14 in Tax Audit Report: Reconciliation of closing stock under Section 145A inclusive method, AS 2 / Ind AS 2 compliance, and deviation disclosures by PGT & Associates.
shubhamtulsian05
Sep 48 min read
Clause 8a of Tax Audit Report: Form 3CD Reporting for Concessional Tax Regimes Under Section 115BAA/115BAC
Audit guide for Form 3CD Clause 8a: Verification of exercise of option for Section 115BAA/115BAC, Form 10-IC/10-IEA electronic filing validations, and foregone incentive reconciliations by PGT & Associates.
shubhamtulsian05
Sep 48 min read
Tax Audit Due Date for AY 2026-27: Form 3CD Checklist, Section 44AB Limits & Penalty Rules
Comprehensive guide on Tax Audit for AY 2026-27 (FY 2025-26): Section 44AB turnover limits, Form 3CA/3CB vs 3CD checklist, Clause 34 TDS review, MSME Section 43B(h), and 21 October 2026 deadlines by PGT & Associates.
shubhamtulsian05
Sep 35 min read
Clause 34 of Tax Audit Report: TDS/TCS Reconciliation Guide for AY 2026-27
Clause 34 of Form 3CD explained for AY 2026-27: Clause 34(a) TDS/TCS reconciliation, 34(b) statement filing, 34(c) interest and a practical audit checklist.
shubhamtulsian05
Sep 36 min read
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