Tag Archives: Tax audit

FAQs on Tax audit

By | April 20, 2018

FAQs on Tax audit What is tax audit? ​​The dictionary meaning of the term “audit” is check, review, inspection, etc. There are various types of audits prescribed under different laws like company law requires a company audit, cost accounting law requires a cost audit, etc. The Income-tax Law requires the taxpayer to get the audit… Read More »

Income-tax (23rd Amendment) Rules 2016 -Form 3CD Amended-Tax Audit

By | October 1, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th September, 2016 INCOME-TAX S.O. 3080(E).— In exercise of the powers conferred by section 44AB, read with section 295 of the Income-tax Act,… Read More »

Tax Audit & Return filing due date extended to 17 Oct 2016 :CBDT Clarify

By | September 14, 2016

Note : CBDT had extended the due date of furnishing ITR to 17th October but there was no clarity about Tax Audit Due Date . So clarification has been issued that Tax Audit date has also been extended. F. No. 225/195/2016-ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes… Read More »

Book on Tax Audit 2016-17

By | September 12, 2016

An Insight Into Tax Audit 2016-17 (English) (Hardcover, Atul Khurana) BUY Specifications of An Insight Into Tax Audit 2016-17 (English) (Hardcover, Atul Khurana) BOOK DETAILS Publisher Young Global Publications ISBN-10 8188274585 Edition 2016 Publication Year 2016 Language English ISBN-13 9788188274581 Binding Hardcover

Tax Audit limit of Rs 2 Crore apply only to presumptive taxation scheme

By | June 21, 2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 20th June, 2016 Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory for every person carrying on business to… Read More »

FORM NO 3CD -Tax Audit Format

By | June 13, 2016

FORM NO. 3CD [See rule 6 G(2)] Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961 PART – A Sponsored Book BUY Related Post Tax audit Questions and Answers Regrouping of figures in audited balance sheet not permissible after its submission to Income tax Department lesser Profit than Presumptive… Read More »