ITR/ Tax Audit (TAR) Due Date further Extended upto 31 Oct. 2018 (AY 2018-19): CBDT
CBDT has tweeted/ notified that the due date for filing of Income Tax Return (ITR) along with Tax Audit Report (TAR) has been further extended from 15 Oct. 2018 …
Tag: Tax Audit
Internal Auditor can’t undertake GST Audit of same Entity due to Role Conflict: ICAI
ICAI has clarified that 'internal auditor' of an entity can't undertake 'GST Audit' of the same entity due to role conflict of Internal Auditor and Statutory Auditor. Besides, bar on …
ICAI’s ‘Implementation Guide’ for ‘Revised Form 3CD’ Applicable from 20 Aug. 2018
ICAI has released 'Implementation Guide' for 'Revised Tax audit Report (Form 3CD)' applicable from 20 Aug. 2018. This guide will supplement the ICAI's 'Guidance Note on Tax Audit (2014)' …
Specified Number of Tax Audits (Ceiling Limit): Amendments/ Clarifications by ICAI
ICAI has amended the provisions/ regulations relating to 'specified number of tax audits' (ceiling limit) that can be conducted by a practicing CA/ Firm, according to which tax audits …
Revised Forms 3CA, 3CB, 3CD: Tax Audit Report FY 2017-18/ AY 2018-19
CBDT has notified revised Tax Audit Report Forms (3CA, 3CB, 3CD) from time to time. On 20 July 2018, Form 3CD has been further revised (applicable w.e.f. 20 Aug. …
ICAI’s Revised Guidance Note on Tax Audit (2014 Edition) Applicable for AY 2018-19 also
In view of substantial changes made by CBDT in 2014 in the formats of tax audit report, the ICAI has issued the Revised edition 2014 of Guidance Note on …
ITR/ Tax Audit Report Filing Due Date (AY 2017-18) Extended to 7 Nov. 2017: CBDT
Earlier CBDT has extended ITR Fling due date (AY 2017-18) from 31 July 2017 to 5 Aug. 2017 for non-tax audit cases/ individuals and from 30 Sept. 2017 to …
Tax Audit Threshold Limit (S.44AB) & Presumptive Taxation (S.44AD): CBDT Clarification
The CBDT has clarified that if an eligible person opts for presumptive taxation scheme as per section 44AD(1) of the Act, he shall not be required to get his …