ITR/ TAR Due Date Extended (FY 2019-20/ AY 2019-20)
Due dates for filing of all Income Tax Return (ITR) in respect of FY 2019-20/ AY 2020-21 have been extended from 31st July/ 31st October 2020 to 30th November …
Tag: Tax Audit
Clauses 30C (GAAR)/ 44 (GST) of Revised 3CD further extended upto 31 March 2021: CBDT Order 10/2020
CBDT further defers the reporting requirements of revised Tax Audit Report Form 3CD, relating to Clauses 30C (GAAR)/ 44 (GST), upto 31 March 2021, in view of outbreak of …
ITR/ Tax Audit Report filing Due Date extended for J&K/ Ladakh Assessees: CBDT
CBDT notifies further extension of due date for filing of Income Tax Return (ITR) and Tax Audit Report (TAR) in the case of assessees of Jammu & Kashmir (J&K) …
ITR/ TAR Due Date Extended upto 31 Oct. 2019 (AY 2019-20): CBDT
CBDT notifies that due date for filing of Income Tax Return (ITR) along with Tax Audit Report (TAR) has been extended from 30 September to 31 October 2019 for …
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 …
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 …