tax audit

Tax queries 974 views 2 replies

i m unaware of tax audit


what does it means ?


how such audit to be conducted?


 



DOES IT APPLY YO ALL TYPES OF TAX PAYMENT MADE
DOES IT HAVE AN SPECIFIC FORMAT OF REPORT TO BE SUBMITTED
Replies (2)
checking of tax compliance & reporting in 3Cd U.S 44AB
Tax Audit is applicable to persons whose business turnover exceeds rs. 40 laks per year and for professional persons who professional receipts exceeds rs. 10 laks per year. and to verify the tax compliances and reporting the same in form 3cd and should be audited by CA along with his audit report expressiing his opinion on the financial results.


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