INCOME TAX21 Sept 2026
Tax audit for AY 2026-27: Key changes in Form 3CD you should know before 30 September deadline | Mint
Form 3CD for AY (assessment year) 2026-27 has changed from April 2025. If your accounts need a tax audit, it must be finished by 30 September 2026. The changes cover MSME (micro, small and medium enterprise) payments, loans and deposits, legal contraventions and share buybacks. Clauses 28 and 29 are gone, Clause 36 is new, and Clause 22 needs a three-way MSME split.
Key Statutory Highlights
- Tax audit for AY 2026-27 must be completed by 30 September 2026, while the ITR filing deadline is 31 October 2026.
- Clause 22 now requires a three-way bifurcation: the amount payable to micro or small enterprises, the amount paid within the prescribed time, and the amount unpaid and therefore inadmissible for the year.
- Clause 36 has been included for the first time to report buyback of shares or deemed dividend, and Clauses 28 and 29 have been removed.
Actionable Advice for Taxpayers / Founders:Track vendor-wise MSME status and payment dates, and reconcile your MSME ledger with Form 3CD before the 30 September 2026 deadline. It is worth checking your position with your auditor.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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