Determination of Sales, turnover, gross receipts for purposes of Tax Audit
The provision relating to tax audit under section 44AB of the Income Tax Act, 1961 applies to every person carrying…
Tag: Tax Audit
Tax Audit Report under Section 44AB: Basics you need to know
Tax Audit Report Section 44AB requires the tax auditor to submit the audit report in the prescribed form and setting…
FAQs on Tax Audit under section 44AB of the Income Tax Act, 1961
The dictionary meaning of the term “audit” is check, review, inspection, etc. There are various types of audits prescribed under…
Income Computation and Disclosure Standards (ICDS): in Shorts
In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961, the Central Government…
Exposure Draft of Guidance Note on Tax Audit for AY 2023-24 issued
The law has entrusted onerous responsibility of conducting tax audit under section 44AB on chartered accountants in practice. For compiling…