tax auditor

Clause 44 of Tax Audit Report – Breakup of Expenses with & without GST

CA, CS, CMA - Purchase and capital expenditures are required to be reported under clause 44 of Tax Audit report as both falls under expenditure terminology...

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Applicability of Clause 44 for disclosure of Expenditures w.r.t GST in Form No. 3CD

CA, CS, CMA - Reporting under clause 44 of Form 3CD of Income Tax Audit Report  ♦ Total amount of Expenditure incurred during the year. ♦ Expenditure in respect of entities registered under GST: a) Relating to goods or services exempt from GST. b) Relating to entities falling under composition scheme c) Relating to other registered entities d) Tot...

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Decoding of Clause 44 of Tax Audit Report (3CD)

CA, CS, CMA - Cause 44 of form 3CD requires Total amount of expenditure incurred during the year, Expenditure in respect of entities registered under GST, Expenditure related to entities not registered under GST...

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Applicability of Tax Audit under section 44AB

CA, CS, CMA - Here, in this article I have made an attempt to solve the practical issues that are arising to the Tax Professionals in day to day practice (by decoding Income Tax Act Sec. 44AB along with 44AA, 44AD, 44ADA & 44AE). This article mainly focuses on Individual & HUF assessees....

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Increase in turnover limit for Tax audit applicability- whether free from complexity?

CA, CS, CMA - Increase in turnover limit for Tax audit applicability whether free from complexity? What are the twists involved in it? Turnover limit for tax audit increased to Rs.10.00 crores. Whether beneficial provision? What are the twists involved in it? Let us try to understand the complexity involved it the said provision and things to be taken ...

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Abolish requirements of reporting under Clause 44 of Tax Audit Report: CASS

CA, CS, CMA - Representation to CBDT on information sought from Tax Auditors under Clause 44 of Form 3CD and request to abolish this requirement...

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Draft Revised ‘Guidance Note on Tax Audit under section 44AB

CA, CS, CMA - Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of Income-tax Act, 1961’ is issued by ICAI Direct Taxes Committee ...

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13 Reasons why due date of ITR & Tax Audit should be extended- Representation

CA, CS, CMA - Representation for extension of Due date of Income Tax Returns And Audit Report For A.Y. 2021-2022 (F.Y.  2020-2021. It is requested that The due date of furnishing of Return of Income for the Assessment Year 2021-22, should be extended to 28th February, 2022....

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Income Tax Portal – Erratic & Irresponsible approach towards IT Infrastructure

CA, CS, CMA - CAAS has made a representation to Union Finance Minister and brought to her attention the Flaws in New Income Tax Portal which are still exist even after almost 3 years. They claimed that the front end of the new portal shows brainless design with various missing drop down menus...

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Extension of Tax Audit and ITR Due dates is a welcome Move

CA, CS, CMA - Extension of Due Date for Tax Audit and Furnishing of Income Tax Returns for FY 2019-2020 welcomed by many organisations The Central Board of Direct Taxes has extended due dates of filing income tax returns till January 31, 2021 for taxpayers who have to get their accounts audited and those that are required to furnish […]...

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Interest u/s 234A despite due date extension: HC issue Notice to CBDT

Lucknow CA Tax Practitioners Association VS. UOI (Allahabad High Court) - Lucknow CA Tax Practitioners Association VS. UOI (Allahabad High Court) As far as prayer no.1 of the petitioner-association for issuance of a mandamus to the respondents to extend the “Due Date” of filing of Income Tax Return of Tax Audit Cases from 15.10.2018 to at least up to 31.10.201...

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Tax Audit Due Date Extension: FTAPs withdraws writ filed in Delhi HC

Foundation of Tax and Accounting Professionals Vs. CBDT (Delhi High Court) - Appellant Foundation of Tax and Accounting Professionals (FTAPs) has withdrawn the writ in view of Further extension of Tax Audit Due Date by CBDT to 31.10.2018. ...

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Consider Extending Tax Audit Due Date to 31.12.2018: Gauhati HC

Tax Bar Association And Anr. Vs. Union of India And Anr. (Gauhati High Court) - Gauhati High Court has instructed CBDT to Consider Representation filed by Tax Bar Association on or before 25.10.2018 by which they requested to extend the Tax Audit Due Date to 31.12.2018. ...

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Tax Audit Due Date Extension: Gujarat HC disposes writ as not pressed

All Gujarat federation of tax Consultants Vs Union of India (Gujarat High Court) - All Gujarat Federation of Tax Consultants Vs Union of India (Gujarat High Court) 11.10.2018–  It is an agreed position that subsequent to filing of these petitions, CBDT has granted extension for filing returns and accompanying documents. In that view of the matter, learned counsel for the pe...

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PIL in Kerala HC for 3 Month extension of Tax Audit Due Date

Plywood and Allied Products Dealers Association Of India Vs. UOI & Ors (Kerala High Court) - Plywood and Allied Products Dealers Association of India Vs. UOI & Ors (Kerala High Court) The Petitioner is an association of plywood and allied product dealers and the 2nd petitioner is a member of that  association, they have filing  Public Interest Litgation praying for a general Order...

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CBDT notifies extended Due dates of Return & Tax Audit Report for A.Y.2020-21

Notification No. 88/2020-CBDT [S.O. 3906(E)] - (29/10/2020) - CBDT issued Notification No. 88/2020 and extended Due dates of Income Tax Return and Tax Audit Report as follows:- A. Income Tax Return FY 2019-20/AY 2020-21 i. Without tax audit –31.12.20 ii. TP, tax audit & tax audit firm partners– 31.01.21 B. Various audit reports (tax audit, transfer pri...

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Due date of furnishing of ITR & Tax Audit Reports extended

Release ID: 1667281 - (24/10/2020) - The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is 31st October, 2020] has been extended to 31st January, 2021....

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TAR/ ITR Due date extended for J&K & Ladakh to 31st March 2020

F. No. 225/306/2019-ITA- II - (23/03/2020) - CBDT further extends the ‘due-date’ for filing of Income-tax Returns/Tax Audit Reports for the Assessment year 2019-20 as specified in section 139 (1) of the Act to 31st March, 2020 in the Union Territory of Jammu  and Kashmir and Union Territory of Ladakh. F. No. 225/306/2019-ITA- II Governmen...

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Due date for Audit/ITR Filing extended for J&K & Ladakh

F. No. 225/306/2019-ITA-11 - (24/12/2019) - Order u/s 119 of the Income-tax Act, 1961 for Extension of due date for filing of Income-tax Returns/Tax Audit Reports to 31st January, 2020 in respect of Union Territory of Jammu and Kashmir and Union Territory of Ladakh. F. No. 225/306/2019-ITA-11 Government of India Ministry of Finance Department...

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TAR/ ITR Due date extended for J&K & Ladakh to 30th Nov 2019

F.No. 225/306/2019-ITA-II - (31/10/2019) - Extension of due date for filing of Income-tax Returns (ITR)/Tax Audit Reports (TAR) to 30th November, 2019 in respect of Union Territory of Jammu and Kashmir and Union Territory of Ladakh F.No. 225/306/2019-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct...

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Recent Posts in "tax auditor"

Abolish requirements of reporting under Clause 44 of Tax Audit Report: CASS

Representation to CBDT on information sought from Tax Auditors under Clause 44 of Form 3CD and request to abolish this requirement...

Read More
Posted Under: CA, CS, CMA | ,

Clause 44 of Tax Audit Report – Breakup of Expenses with & without GST

Purchase and capital expenditures are required to be reported under clause 44 of Tax Audit report as both falls under expenditure terminology...

Read More

Applicability of Clause 44 for disclosure of Expenditures w.r.t GST in Form No. 3CD

Reporting under clause 44 of Form 3CD of Income Tax Audit Report  ♦ Total amount of Expenditure incurred during the year. ♦ Expenditure in respect of entities registered under GST: a) Relating to goods or services exempt from GST. b) Relating to entities falling under composition scheme c) Relating to other registered entities d) Tot...

Read More
Posted Under: CA, CS, CMA |

Decoding of Clause 44 of Tax Audit Report (3CD)

Cause 44 of form 3CD requires Total amount of expenditure incurred during the year, Expenditure in respect of entities registered under GST, Expenditure related to entities not registered under GST...

Read More

Draft Revised ‘Guidance Note on Tax Audit under section 44AB

Exposure Draft of Revised ‘Guidance Note on Tax Audit under section 44AB of Income-tax Act, 1961’ is issued by ICAI Direct Taxes Committee ...

Read More
Posted Under: CA, CS, CMA |

Applicability of Tax Audit under section 44AB

Here, in this article I have made an attempt to solve the practical issues that are arising to the Tax Professionals in day to day practice (by decoding Income Tax Act Sec. 44AB along with 44AA, 44AD, 44ADA & 44AE). This article mainly focuses on Individual & HUF assessees....

Read More
Posted Under: CA, CS, CMA |

13 Reasons why due date of ITR & Tax Audit should be extended- Representation

Representation for extension of Due date of Income Tax Returns And Audit Report For A.Y. 2021-2022 (F.Y.  2020-2021. It is requested that The due date of furnishing of Return of Income for the Assessment Year 2021-22, should be extended to 28th February, 2022....

Read More
Posted Under: CA, CS, CMA | ,

Income Tax Portal – Erratic & Irresponsible approach towards IT Infrastructure

CAAS has made a representation to Union Finance Minister and brought to her attention the Flaws in New Income Tax Portal which are still exist even after almost 3 years. They claimed that the front end of the new portal shows brainless design with various missing drop down menus...

Read More
Posted Under: CA, CS, CMA | ,

Increase in turnover limit for Tax audit applicability- whether free from complexity?

Increase in turnover limit for Tax audit applicability whether free from complexity? What are the twists involved in it? Turnover limit for tax audit increased to Rs.10.00 crores. Whether beneficial provision? What are the twists involved in it? Let us try to understand the complexity involved it the said provision and things to be taken ...

Read More
Posted Under: CA, CS, CMA |

Amendments in Tax Audit Report for AY 2021-22

Purpose of Rule 6G: This rule tells about the name of the forms applicable in the case of 44AB Audit and from 1st April 2021 sub-rule (3) is inserted. Rule 6G: (1) The report of audit of the accounts of a person required to be furnished under section 44AB shall,— (a) In the case of […]...

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Posted Under: CA, CS, CMA |

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