Tag Archives: Tax Audit

Tax Audit – Meaning of Tax Audit, Section 44AB (Complete Details)

CAknowledge Financial Dictionary

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 of the accounts of his business/profession […]

Tax Audit Due Date Extended to 31.10.2018 for AY 2018-19

Tax Audit Due Date Extended

Tax Audit Due Date Extended to 31.10.2018 for AY 2018-19. CBDT extends due date for filing of Income Tax Returns & audit reports from 15th October 2018 to 31st Oct 2018 for all assessees liable to file ITRs for AY 2018-19 by 15.10.2018, after considering representations from stakeholders. Liability to pay interest u/s234A of ITAct will remain. […]

Changes in ITR and Tax Audit Report Forms (Form 3CD) for AY 2018-19

Changes in ITR and Tax Audit Report Forms

Changes in ITR and Tax Audit Report Forms (Form 3CD) for AY 2018-19: It is the tax season of the year!! The tax filings for the year ended 31st March 2018 are due and hence, the taxpayers and the tax professionals must be aware of the compliance and disclosure requirements in the tax audit report […]

Overview of Tax Audit : Section 44AD, 44AB, 44ADA, Form No 3CD

Overview of Tax Audit

Overview of Tax Audit: In recent years, significant changes have been made in Form No. 3CD. Insertion of new clauses in recent years such as clause 17 related to transfer of land, building or both, changes in clause 21(b) in respect of amounts inadmissible under section 40(a), clause 33 which requires section-wise details of deductions admissible […]

Procedure of e-Filing of Tax Audit Reports for AY 2018-19 FY 2017-18

Procedure of e-Filing of Tax Audit Reports

Procedure of e-Filing of Tax Audit Reports for AY 2018-19 FY 2017-18: Filing of Income-tax Returns and Tax Audit Reports electronically has fairly stabilized now. Regulations and tax compliances are changing every day, making e-Filing more challenging. These changes have increased the reporting requirements and have made it imperative for tax auditors to be more […]

Step By Step Guide to Tax Audit – Tax Audit U/s 44AB AY 2018-19

Tax Audit in India

Step By Step Guide To Tax Audit – Tax Audit U/s 44AB AY 2018-19 Including amendments for FY 2017-18. check out Due date of Tax audit, Tax Audit Slab is increased, Check details from below. Here we are providing Step By Step Guide on Tax Audit. Check complete steps for How to do Tax Audit . In […]

Form 3CA 3CB 3CD In Word, Excel, Java Format Applicable for 2018-19

Form 3CA 3CB 3CD In Word, Excel, Java Format

Download Form 3CA 3CB 3CD In Word, Excel, Java Format for AY 2018-19 applicable from 1st April 2018. Download Revised Form No. 3CD Tax Audit Report as applicable from 01.04.2018. We are Providing Form 3CA, 3CB and 3CD In Word, Excel and Java Format. Download These All Formats From Below. Recently We are Providing Deduction For […]

Maximum Allowable Number of Tax Audits by Practicing CA

Maximum Allowable Number of Tax Audits by Practicing CA. let us look at the provisions of maximum number of Tax Audits allowed by a Practicing CA as prescribed by The Institute of Chartered Accountants of India (ICAI). Hope, many of you must have actually started doing assignments with respect to tax audit of the FY […]

Various Queries Related to Tax Audit for AY 2017-18

Various Queries Related to Tax Audit

Various Queries Related to Tax Audit for AY 2017-18, Check Frequently Asked Questions on Tax Audit for AY 2017-18. FAQs on Tax Audit. In this article you can find complete solution for Various Questions related to Tax Audit like – What is tax audit?, What is the objective of tax audit?, As per section 44AB, who […]

Treatment of provision for gratuity in tax audit (3CA and 3CD)

Tax Exemptions for Leave Travel Allowance (LTA)

Treatment of provision for gratuity in tax audit (3CA and 3CD). While doing tax Audit under section 44AB of income tax act one may come across the disallowances u/s 43B . This includes payment based deductions such as ”Provident fund”, leave encashment, gratuity etc. Here I’m discussing some basic issues about gratuity and its treatment […]