Form 3CA-3CD User Manual 1. Overview To discourage tax avoidance and evasion, the requirement of a tax audit was introduced by the Finance Act of 1984, by inserting a new section 44AB w.e.f Assessment Year 1985-86. A tax audit involves an expression of the tax auditor’s opinion on the truth and correctness of certain factual… Read More »

Form 189 User Manual 1. Overview Form 189 is submitted under Rule 331 of the Income-tax Rules, 2026 by a public company or public financial institution that intends to raise capital from the public through equity shares or debentures. This form must be filed at least three months before the proposed issue and acts as… Read More »

Form 3CB-3CD User Manual  1. Overview To discourage tax avoidance and evasion, the requirement of a tax audit was introduced by the Finance Act of 1984, by inserting a new section 44AB w.e.f Assessment Year 1985-86. A tax audit involves an expression of the tax auditor’s opinion on the truth and correctness of certain factual details… Read More »

Form 15CC User Manual 1. Overview As per the Section 195 of the Income Tax Act, 1961, read with Rule 37BB of the Income Tax Rules, 1962, every authorized dealer making a payment to a non-resident, not being a company or to a foreign company, is required to furnish statement of such payments Form 15CC. It is required… Read More »

Form 190 User Manual 1. Overview Form 190 is submitted under Rule 331 of the Income-tax Rules, 2026 by a Mutual Fund that intends to raise capital from the public through equity shares or debentures. This form must be filed at least three months before the proposed issue and acts as a compliance requirement to… Read More »

Important Income Tax Case Laws 27.04.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Sec 4 / 145 Ghanshyam Infrastructure (P.) Ltd. v. DCIT Click Here Contractual Receipts: Assessable in the year profit is offered if records fail to prove reflection in earlier returns. 8% net profit rate upheld as AO failed… Read More »