Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 – Edition 2014

Apex Body of Chartered Accountants in India i.e. Institute of Chartered Accountants of India (ICAI) has Finally released Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 – Edition 2014 on its website http://icai.org/ .

The Guidance Note Covers recent amendments in Format of Tax Audit Report and Additional reporting requirements which has been carried out  vide notification no. 33/2014 dated 25.07.2014. 

Since the release of the Revised Tax Audit Report, Tax Professionals and others were waiting for the release of this Guidance note to understand the revised reporting requirements.

At Taxguru we congratulate ICAI and all those who worked with ICAI in preparation of Guidance note for release of Guidance note on tax Audit u/s 44AB of the Income-Tax Act, 1961 – Edition 2014 , which will surely help taxpayers and professionals in understanding the revised reporting requirements.

Download Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 – Edition 2014 – Direct Link :- http://220.227.161.86/34728gn-taxaudit-dtcicai.pdf

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Category : Income Tax (27925)
Type : News (13807)
Tags : form 3cd (107) Income Tax Return (461) ITR (632) Section 44AD (125) Tax Audit (302) Tax Audit Report (181) tax auditor (122)

0 responses to “ICAI releases Guidance Note on tax Audit – Edition 2014”

  1. B S K RAO says:

    I ALSO SUGGEST ICAI (FINANCIALS) TO INCORPORATE IN GUIDANCE NOTE THAT AUDIT UNDER 2ND PROVISO TO SECTION 44AB OF INCOME-TAX ACT BE KEPT OUTSIDE THE CEILING FIXED. IN FACT TILL MANDATING OF TAR TO BE UPLOADED, WE NON-CAS WERE SOME HOW MANAGING THE WRONGFUL ACTIONS.

  2. B S K RAO says:

    CA CONDUCTING TAX AUDIT FOR REVENUE CAN NOT APPEAR FOR THE SAME CLIENT IN SCRUTINY PROCEEDINGS. I SUGGEST ICAI (FINANCIALS) TO INCORPORATE THE SAME IN GUIDANCE NOTE ISSUED FOR TAX AUDIT TO WIN THE CONFIDENCE OF PUBLIC & ALSO TO UP HOLD TRANSPARENCY

  3. B S K RAO says:

    RECENTLY DIT (SYSTEMS) GAVE REPLY TO RTI APPLICATION SEEKING SECTION WISE WRONG CLAIMS IN TAX AUDIT REPORT UPLOADED FOR ASSET. YEAR 2013-14 AS UNDER:-

    NO SUCH DATA HAS BEEN CAPTURED IN THE SYSTEMS DIRECTORATE AS SECTION WISE WRONG CLAIMS REPORTED IN TAX AUDIT REPORT FROM NO.3CD AND TOTAL AMOUNT INVOLVED IN VIOLATION OF PROVISIONS OF INCOME-TAX LAW REPORTED IN EACH COLUMN NO.17,21,23,24 & 27 OF TAX AUDIT REPORT FORM NO.3CD. ACCORDINGLY THIS IS NOT INFORMATION AS PER SECTION 2(1) OF RTI ACT, 2005 AND THUS CAN NOT BE PROVIDED.

    WHY ABOVE SITUATION IN SPITE OF ICAI MEMBERS FOLLOWING THE GUIDANCE NOTE ?

  4. Deepak M says:

    Thanks !!!

  5. Pramod says:

    GN with 360 pages. Problem in Downloading.

  6. Ranu Jain says:

    Good to know…I have downloaded

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