🚨 Tax Audit Alert for AY 2025–26: MSME Reporting in Form 3CD
Tax Audit Alert for AY 2025–26: MSME Reporting in Form 3CD has undergone significant changes, impacting how businesses disclose payments to Micro, Small, and Medium Enterprises (MSMEs). In this detailed update by C.P. Agrawal & Associates, CA Khushi Sharma, Senior Associate, breaks down the revised Clause 22 of Form 3CD. Understand the new disclosure requirements under Sections 15 and 23 of the MSMED Act, learn how delayed payments affect tax deductions, and ensure your audit reporting stays compliant. This guide is essential for tax professionals and businesses aiming to navigate the updated compliance landscape for AY 2025–26.