Tag: tax audit report
Tax Audit provisions do not apply to items of other income shown in Profit & Loss Account when business turnover is Nil – ITAT ABCAUS Case Law Citation:ABCAUS 3761 (2023) (06) ITAT Important Case Laws relied upon:Bajrang Oil Mills vs. ITO, 295 ITR 314Ghai Construction vs. State of …
Disclosure in tax Audit Report in Form 3CD in Part B at Serial No. 21a does not automatically results in disallowance. ABCAUS Case Law CitationABCAUS 3559 (2021) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming the disallowance made …
GAAR & GST reporting clauses in Tax Audit Report Form-3CD further extended till 31.03.2022 – CBDT Circular Circular No. 05 of 2021 F. No. 370142/9/2018-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesTPL Division**** New Delhi, dated 25th March , 2021 Order under section …
CBDT issues 17 FAQs on UDIN -What happens when UDIN is revoked? FAQs on UDIN 1. What is Unique Document Identification Number (UDIN)? The Institute of Chartered Accountants of India, on noticing about the fake certifications by Non-CAs misrepresenting themselves as Chartered Accountants which misled the authorities …
CBDT further defers GAAR & GST reporting in Tax Audit Report Form-3CD till 31.03.2021 GAAR & GST reporting in Tax Audit Report deferred till 31.03.2021 Circular No. 10 of 2020 F. No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes …
Penalty 271B deleted as accountant had to look after business activities due to assessee neurological problem. Hence he failed to coordinate with Auditor’s office ABCAUS Case Law Citation:ABCAUS 3207 (2019) (12) ITAT In the instant case the appeal was filed by the assessee against the order of the …
ICAI requests CAs to advise clients to timely approve tax audit reports uploaded by them on the e-filing portal as per word from Income-tax (Systems) Members are requested to advise their clients to timely approve the tax audit reports under their digital signatures for the AY 2017-18 uploaded …