Query about tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2013
What is Tax Audit and what is the procedure for uploading the ITRs of the assesses having the Tax audit.
29 August 2013
if business turnover more than 1 crore in case of professional if gross receipts more than 25 lakhs they supposed to get their books of accounts audited with a chartered accountant under section 44AB
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And as per Notification 34/2013 dated 01.05.2013 Mandatory to file tax audit report online
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Procedure can be find here with
https://icaiahmedabad.com/PPT-Reg-n-E-File-Process-CA-Kuntal-Shah.pdf
.
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And as per Notification 34/2013 dated 01.05.2013 Mandatory to file tax audit report online
.
.
Procedure can be find here with
https://icaiahmedabad.com/PPT-Reg-n-E-File-Process-CA-Kuntal-Shah.pdf
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29 August 2013
Audit carried on U/s 44AB is known as Tax Audit and is applicable when the turnover or gross receipts in the business or profession exceeds a certain limit. The audit provision also becomes applicable to those assessees also who can not declare profit at the prescribed rate on turnover/gross receipts.
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The procedure for uploading ITR includes uploading of the Audit Reports and Balance Sheet P&L Account along with the ITR of the assessee which is uploaded by digitally signing the ITR by the assessee. The procedure is handled by a CA.
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The procedure for uploading ITR includes uploading of the Audit Reports and Balance Sheet P&L Account along with the ITR of the assessee which is uploaded by digitally signing the ITR by the assessee. The procedure is handled by a CA.
.
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