Sponsored
    Follow Us:

Tax Audit

Latest Articles


Tax Audit – Basic Concepts of Business, Profession, Sales and Turnover

Income Tax : Explore the distinctions between business and profession, and how sales, turnover, and gross receipts are defined under the Income...

August 13, 2024 1020 Views 0 comment Print

Amendments in Form 3CD effective from AY 2024-25

Income Tax : CBDT's notification no. 27/2024 dated 05.03.2024 introduces several key amendments to Form 3CD, effective from AY 2024-25, impacti...

July 28, 2024 17811 Views 0 comment Print

Professional Misconduct in Tax Audits: Navigating 60-Tax Audit Rule

CA, CS, CMA : Understand the 60-tax audit rule for Chartered Accountants, its exceptions, and its implications on professional conduct and ethic...

July 16, 2024 1437 Views 0 comment Print

How to calculate Turnover of Futures & Options for Taxation

Income Tax : How to calculate the turnover of Futures & Options (F&O) for taxation purposes, including detailed examples and tax filing require...

July 8, 2024 8031 Views 0 comment Print

Audit Requirements & Criterion for Business & Profession (Section 44AB) Assessment Year 2024-24

Income Tax : Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including...

June 7, 2024 65238 Views 0 comment Print


Latest News


Join 5-Day Live & Online Income Tax Audit Course with Practical Examples

Income Tax : Join our 5-day live course from Sept 8-12, 2024, for an in-depth understanding of tax audits under Section 44AB, with practical in...

August 12, 2024 258 Views 0 comment Print

Tax Audit Under Income Tax Act: Detailed Live Course with Practical Insights

Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...

August 12, 2024 438 Views 0 comment Print

Representation on Equitable Allocation of Tax Audit Assignments

Income Tax : Read CAASs recommendations for fair tax audit allocation, ensuring auditor independence and quality. They suggested automated allo...

June 17, 2024 2268 Views 1 comment Print

Request for Form 10B and Form 10BB Relaxation & due date Extension

Income Tax : Chamber of Tax Consultants seeks an extension for filing Form 10B and Form 10BB while requesting relaxation of requirements. Detai...

October 27, 2023 33717 Views 0 comment Print

Over 30 Lakh Audit Reports Filed: Income Tax Department’s E-filing Success

Income Tax : More than 30.75 lakh audit reports, including 29.5 lakh Tax Audit Reports, were filed for AY 2023-24 by the September 30 deadline,...

October 2, 2023 2331 Views 0 comment Print


Latest Judiciary


Audit report submission Delay due to partners health issues: ITAT deletes Section 271B Penalty

Income Tax : ITAT Chennai deletes Section 271B penalty for audit delay due to partner's health issues in Balaji Logistics case. Learn about the...

August 1, 2024 240 Views 0 comment Print

Non-Tax-Audited Individual Exempt from TDS Deduction under Section 194C

Income Tax : ITAT Ahmedabad's verdict exempts individuals not subject to tax audit from TDS obligations, highlighting the Nilesh Patel vs DCIT ...

February 24, 2024 7266 Views 0 comment Print

ITAT Quashes Revision Order: Auditor’s Mistake in Tax Audit Report

Income Tax : Analysis of the ITAT Ahmedabad's ruling on Bharatbhai Makwana Vs PCIT. Delving into the implications of incorrect terminologies in...

August 30, 2023 1476 Views 0 comment Print

No Defective Notice by CPC if Receipts Below Limit u/s 44AB

Income Tax : ITAT Mumbai rules on V.K. Patel Securities Pvt Ltd appeal against defective notice by CPC under section 44AB of Income Tax Act. De...

August 21, 2023 4644 Views 0 comment Print

No Penalty under Section 271B for Delayed Tax Audit (Auditor Unwell)

Income Tax : A significant ITAT Kolkata ruling declares no penalty for delayed filing of books of account due to reasonable causes under Sectio...

July 16, 2023 1590 Views 0 comment Print


Latest Notifications


NFRA Penalizes CA Rs 50 Lakhs for Misconduct in Section 80JJA Report

Company Law : NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for ...

January 3, 2024 51666 Views 0 comment Print

CBDT extends due date of Filing Audit report- Section 10AA(8)

Income Tax : Read Circular 18/2023 from the Government of India Ministry of Finance. Learn about the extension of the filing deadline for Incom...

October 20, 2023 39081 Views 0 comment Print

CBDT extends due date for filing various Income Tax Audit reports

Income Tax : CBDT extends the due date for filing of various reports of audit for Assessment Year 2022-23 from 30th September, 2022 to 7th Octo...

September 30, 2022 12486 Views 1 comment Print

Income Tax Audit Due & ITR Due date for AY 2021-22 extended

Income Tax : On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22...

January 11, 2022 108183 Views 1 comment Print

CBDT extends due dates of ITR & various Audit reports for AY 2021-22

Income Tax : The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section (1) of...

September 9, 2021 95499 Views 5 comments Print


Income Tax Office to Remain Open till 8.00 P.M. Today for Manual Filing of TAR

September 30, 2013 2216 Views 0 comment Print

Further to Order F.No.225/117/2013/ITA.II dated 26.09.2013 requiring the Tax Audit Report to be filed by 30.09.2013, the CBDT has issued an Order dated 30.09.2013 directing all CCsIT /DsGIT to ensure that all Income Tax Offices shall remain open til1 8:00 p.m on 30th September, 2013 for the convenience of taxpayers, who wish to file Report of Audit manually for assessment year 2013-2014, as per the said order.

Due-Date for Filing ROI for Gujarat Assessees Extended upto 14.10.2013

September 30, 2013 1373 Views 0 comment Print

On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Direct Taxes (CBDT) has extended the ‘due-date’ for filing Returns of Income from 30th September, 2013 to 14th October, 2013, in cases of Income Tax assessees in the State of Gujarat.

51 Suggestions On E-filling Of Tax Audit Report (TAR) & Income Tax Return

September 30, 2013 12872 Views 12 comments Print

1. INSTITUTION ENJOYING EXEMPTION U/S 10(23B) HAVE TO SUBMIT TAR U/S 44AB .A. SEC 10(23B) EXEMPT INCOME FROM BUSINESS OF A KHADI UDYOG ETC. B. EVEN IF INCOME FROM SUCH BUSINESS IS EXEMPTED, AS THERE IS TURNOVER FROM BUSINESS; IN MY OPINION, AUDIT U/S 44AB/44AD IS TO BE CONDUCTED AND REPORT HAS TO BE SUBMITTED

19 Suggestions On E-filling of Tax Audit Report and ITR

September 29, 2013 17415 Views 0 comment Print

How To File Two Or More Physical Tax Audit Report Of Same Assessee Audited By Same/Different CAS: Steps To Find 10CCE10CCBBA, 10CCBC, 49C, 56F, 66, 3CA,3AD,3AE,3CE,3EAETC

ICAI requests CBDT to extend due date of e‐filing of ITR, Tax Audit Report

September 27, 2013 6527 Views 0 comment Print

ICAI has requested CBDT to extend the due date of e‐filing of income‐tax returns, tax audit reports and report under section 92E of the Income‐tax Act, 1961

Condition requiring manual filing of audit report by 30.09.2013 is ultra vires and Void

September 27, 2013 7809 Views 0 comment Print

Notification issued on 26.09.2013 has mandated that the Audit report must be furnished manually to the jurisdictional Assessing Officer by 30.09.2013. However the condition in notification is contrary to the Rules which have not been consequently modified.

E-Filing Of Tax Audit Report- Professionally Here We Are Standing Boss!!!!!!!!

September 27, 2013 4411 Views 0 comment Print

Stay up to date with the latest changes in tax audit reporting. Learn about the challenges faced by professionals in e-filing and the implications for the industry.

Tax Audit Report date Extension – No Extension in Real Sense

September 26, 2013 15853 Views 0 comment Print

CBDT has vide its order dated 26.09.2013 has extended the due date for e-filing of Tax Audit Report to 31.10.2013. The order has nowhere mentioned about the due date for e-filing of Income tax Return (ITR). It seems due date for filing of ITR are been kept same.

E-Filing of Tax Audit Report – Needs immediate Date Extension

September 25, 2013 4898 Views 0 comment Print

The 12th Version of the E-filing utility was introduced yesterday, the site was closed for two hours for maintenance the day before, all the software were not working for want of updation and the professionals are working very hard round the clock but this is a race against the time.

Tax Audit Due Date Extension – Still a Mystery

September 25, 2013 14402 Views 0 comment Print

It is learnt from one of the Central Council member of ICAI that While the representations for extension of due date for tax audit reports are going on but no positive response yet been given by the Ministry of Finance or CBDT.

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031