Order under section 119 of the Income-tax Act, 1961 allowing condonation in filing Form 10B and 10BB for AY 23-24
trusts / institutions which have furnished audit report on or before 31st October, 2023 in Form No. 10B where Form ...
Friday, September 13, 2024
Tag: tax audit report
Is penalty for delay in filing Tax audit report compulsory? | 1.5 lakh penalty for delay in filing Tax Audit report
The amount prescribed for delay in filing Tax audit report is mentioned under Section 271B of the Income Tax Act ...
Turnover limit for Tax audit is Rs. 1 crore or Rs. 10 crore under section 44AB of the Act
If both the conditions are fulfilled then the assessee won't be required to conduct tax audit even if turnover exceeds ...
Definition of turnover in relation to F&O and intraday as per Revised guidance note of ICAI on Tax audit for 2023
Premium received on sale of options is also to be included in turnover. However, where the premium received is included ...
Due date to complete Tax audit of Trust is 31.08.2023 and not 30.09.2023. Here’s why?
Hence, to file Form 10 till 31.08.2023 the trust has to finalize it's books of accounts also till 31.08.2023 and ...
Now all the trust have to get their books of accounts audited under Income Tax Act. Here’s why?
Accordingly, the maximum amount not chargeable to tax for the purpose of Section 12A(1)(b) would now be Rs. 1 as ...
FAQ’s for Form 3CA-3CD/3CB-3CD issued by CBDT on 27.09.2022
Now 2 days are left for the due date of Tax audit i.e. 30.09.2022 and CBDT has now on 27.09.2022 ...
Businessman with turnover below 1 crore and having profit below 8% need to compulsorily get books of accounts audited: Let’s find out
Hence, there is a twin condition: (1) Assessee should have declared profit in previous year in accordance with 44AD provision ...
ICAI releases updated guidance note on Tax audit under section 44AB along with clause 44 of Form 3CD
ICAI has also talked about Clause 44 of Form 3CD in its guidance note on Tax audit - 2022 edition, ...
Clause 44 of the Tax Audit Report will be applicable for AY 2022-23 | Here’s why
The amendment and insertion of clause 44 in Tax Audit report was first introduced in 3CD in 2018. The existing ...
AVAILABILITY OF AUDIT REPORTS AND PROCESS FLOW OF FILING AUDIT REPORT ON e-FILING 2.0
In this post we shall discuss about the flow of process to file various forms on the new e-filing portal ...
New Tax audit report utility released by Income Tax department on 11.01.2022 | Due date of tax audit report 15.01.2022
However, now Income tax department has updated the utility on 11.01.2022 i.e. just few days before the due date and ...
Who needs to get their Books of accounts audited under Income Tax Act | Tax audit under Income tax
Section 44AB of the Income tax act deals with the provision related to Tax audit. There are in all 5 ...
Income tax department has release new updated schema/ Form for filing Tax audit report in Form 3CA-3CD/ 3CB-3CD on 03.12.2021
Other than above there have been no major structural changes in the schema. However it is advisable to use the ...
How to File Form 10B for trust? | Tax audit for trust | Who needs to file Form 10B? Practical difficulties being faced while Filing Form 10B
The trust needs to file Income tax return based on the provisions of section 139 and as per the constitution ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
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- FAQ on income tax return released by income tax return for defective return – AY 2024-25
- Statutory Audit of Property, Plant, and Equipment (PPE) in Indian Companies [Company law]
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