44AB

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CBDT clarifies due date extension also applicable to Accounts audited under sec 44AB


F No 225 195 2016 ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block New Delhi Dated the 14th of September 2016 Clarification req u s 119 of the Income tax Act 1961 dated 9th September 2016 Central Board of Direct Taxes vide order u s 119 o

Clarification regarding threshold Limit of tax audit under section 44AB and 44AD


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 20th June 2016 Sub Threshold Limit of tax audit under section 44AB and section 44AD clarification regarding Section 44AB of the Income tax Act the Act makes it obligatory for every person carryi

CBDT extends ITR Due date to 30.11.2014


F No 153 53 2014 TPL Pt I GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES North Block TPL Division New Delhi the 26th September 2014 Order under section 119 of the Income tax Act 1961 Section 44AB of the Income tax Act 1961 the Act read with rule 6G ofthe

Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 - Edition 2014


Guidance Note on tax Audit u s 44AB of the Income Tax Act 1961 Edition 2014 Detailed information has been attached herewith

Revised Form 3CA-3CD & Form 3CB-3CD now available


Revised Form 3CA 3CD Form 3CB 3CD along wth updated with Schema is now available for e Filing Form 3CA 3CD Audit report under section 44AB of the Income tax Act 1961 in a case where the accounts of the business or profession of a personhave beenaudited under any other law Click here to Download Form

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Experts Opinions

revision of 44ab audit report


how a audit report filed under 44ab can be revised due to wrong implications of 269ss and 269t

Tax audit u/s.44ab of the income tax act


APPLICABILITY OF SECTION 44AB OF THE IT ACT IN CASE WHERE THE TURNOVER IS RS 9500000 EXCLUDING VAT

Tax audit u/s 44ab


Dear All Weather Tax audit u s 44AB will Be applicable on turnover of 1crore or more then 1 crore pls suggest if turnover is fixed 1crore in this scenario will Tax audit be applicable or not Regards Snil Jha

Extension of threshold u/s 44ab


Dear Experts Please guide me as to weather threshold limit of sec 44AB has been extend from 1 crore to 2 crore W E F 1 4 2016 or not Regds Mohit

Sec.44ab


SIR MY CLIENT IS DISTRIBUTOR HIS TURNOVER FOR A Y 2013 14 IS BELOW RS ONE CRORE IS HE LIABLE TO GET HIS ACCOUNTS AUDITED U S 44AB OR HE IS COVERED UNDER AGENCY BUSINESS AND NO NEED FOR AUDIT PLEASE EXPLAIN

Discussion

44AB

Good morning I am attending one Doctor file below I mentioned his gross income which I gave in detail pls go through with dat nd let me know whether he vl come for tax audit r not salary from the institution 8 28 636income from partnership firm 15 59 437Scanning collection 13 22 550Rent received 6 2

Tax audit u/s44AB

As per latest 3CD information reporting can we relyon certificate from management on any matter if yes then what are those

Audit u/s 44ab of the income tax act,1961

TURNOVER DEFINITION IS NOT GIVEN UNDER THE ACT ONLY SALES AND GROSS RECEIPTS DEFINITION IS GIVEN SO WHETHER TURNOVER INCLUDES PURCHASE ONE OF MY CLIENT IS HAVING SALES RS 90 LACS AND HIS PURCHASE IS ABOVE ONE CRORE SO WHILE SELECTING SECTION FOR AUDIT WHETHER I SHOULD SELECT AUDIT U S 44AB a I E TUR

44ab limit for outsourcing services

Hello One of our Clients Provide Architectural Design Services To its Foreign Parent Company It is having turnover of 75 Lakhs so will Tax audit under 44AB be applicable to it considering as Profession or Limit will be 1 Crore Thanks

Section 44ab

Dear Experts Please solve below query A limited company having gross turnover less than Rs 1 crore and having net profit of 5 is liable to get their accounts audited under income tax act

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Is there a need to apply Fuzzy Logic in sec 44AB?


Sec 44AA of the Income tax Act stipulates about the compulsory maintenance of Accounts by Certain persons carrying on business or profession and return their income under the head Profits Gains of Business or Profession What is the limit up to which no requirement for maintenance of books of account


Understanding of 44AB -Tax Audit


Introduction The main objects of any audit are a To certify to the correctness of the financial position as to shown in the Balance sheet and the accompanying revenue statements b The detection of errors c The detection of fraud The detection of fraud is generally regarded as being of primary import


Some lights on sec 44AA, 44AB, 44AD


44AA MAINTENANCE OF BOOKS OF ACCOUNTS WHO SHOULD MAINTAIN a If a person carrying on business profession and income from such business profession has exceeded 1 20 000 in any of the three p y or current p y for newly set up business b If turnover gross receipts has exceeded Rs 10 lacks in any of the


Audit under section 44AB


I have discussed the various provisions with respect to section 44 AB below The following persons are liable to get their books of accounts audited compulsorily by a Chartered Accountant 1 A person carrying on business if the total sales turnover or gross receipts from the business in the previous y


Section 44AB - What if ITR not filed by Sep?


Dear Friends Everytime the deadlines approches there seems to be a lot of confusion over if the penalty 271B for failure to furnish the Tax Audit Report u s 44AB The confusion appears to have arisen due to fragmented reading of circular No 5 The circular no 5 dated 26 07 2007 states the following Th


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Updated on : 11/29/2016 3:54:10 PM


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