Tax Audit u/s 44AB — Latest Limits & Form 3CD Reporting in 2026
Tax audit is an important compliance requirement for businesses and professionals falling within the scope of Section 44AB of the Income-tax Act. It is not determined only by turnover; cash transactions, presumptive taxation and the manner in which income is declared can also affect tax-audit applicability. For FY 2025-26 (AY 2026-27), tax audits continue to…