91 ViewsGuidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2022-23 is issued by Direct Taxes Commiittee The Institute of Chartered Accountants of India, effective for the AY 2022-23 subject to amendments made by law, judiciary or administration, for the subsequent assessment years.
62 ViewsTo Smt. Nirmala Sitharaman Respected Finance Minister Government of India New Delhi Subject: Reducing the compliance and paper work of Businesses Reference: Clause No. 44 of the Tax Audit Report in Form No. 3CD Respected Madam, Taxpayers who are in the business with turnover above a certain threshold are required to get their books […]
76 ViewsThe Institute of Chartered Accountants of India (“ICAI”) has issued a study on compliances in reporting in Tax Audit Report – June 2022 Edition. Source IV from: https://resource.cdn.icai.org/70872taqrb-scrtar.pdf
249 ViewsCA Nitin Bhuta, Mumbai has compiled and presented Clause 44 applicability in Tax audit report for A.Y. 2022-23 in the slider format/PDF in the link given below.
31 ViewsSource: Press Release dated 07.02.2022 Around 6.17 crore Income Tax Returns (ITRs) and about 19 lakh major Tax Audit Reports(TARs) have been filed on the new e-Filing portal of the Income Tax Department as on 6th February, 2022. Out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (2.97 crore), […]