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Taxtok by ca.bhanu on Instagram: "The Income Tax Department has notified a new simplified Tax Audit Form – Form 26, replacing the existing reporting structure under Form 3CA / 3CB / 3CD. With 55 clauses and 11 additional disclosures, this is not just a restructuring of forms but a significant shift in audit reporting expectations. The revised format demands: • More detailed client data • Better documentation and internal checks • Re-alignment of audit procedures • Careful evaluation of timelines
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