The Direct Taxes Committee (DTC) of the Institute of Chartered Accountants of India (ICAI) has released an Exposure Draft of the revised "Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961" and invited stakeholders to submit their comments.
The exposure draft, issued on 9 July 2026, proposes revisions to the "Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 (Revised 2025)" to address practical issues and provide updated guidance for chartered accountants conducting tax audits.
Official copy of the notification is as follows
Direct Taxes Committee
The Institute of Chartered Accountants of India
Date: 9th July, 2026
Sub: Exposure Draft - 'Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961' for Public Comments
In July, 2025; the Direct Taxes Committee had come out with "Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961". DTC proposes to revise the "Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961 (Revised 2025)" for the benefit of the members. Accordingly, the Exposure Draft - 'Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961', incorporating the proposed changes, has been issued for public comments. The Exposure Draft can be accessed here.
Invitation to Comment
Comments are invited on any aspect of this Exposure Draft. Comments are most helpful if they-
- indicate the specific paragraph or group of paragraphs of the Guidance Note to which they relate and the specific clause of Form No.3CD (in case the suggestion pertains to that clause);
- contain a coherent rationale, and
- provide a clear suggestion for the change.
Also, comments may be in the form of supplementing any para in the Exposure Draft with relevant case law of the Supreme Court/relevant Circular/Notification.cc
How to Comment?
The comments on the above mentioned Exposure Draft are to be sent at the following link latest by 25th July, 2025 - https://forms.gle/QjjccvM8xm6wVv8g7
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