Taxmann's 90+ FAQs on Tax Audit under Section 44AB | AY 2023-24

Download or read book Taxmann's 90+ FAQs on Tax Audit under Section 44AB | AY 2023-24 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-09-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Section 44AB of the Income-tax Act, 1961 contains the provisions for the tax audit of an entity. As per these provisions, tax audit shall be conducted by a Practicing Chartered Accountant who ensures that the taxpayers have maintained proper books of account and complied with the provisions of the Income-tax Act. In this article, Taxmann’s Advisory and Research Team (Income Tax) have prepared 94 FAQs about the tax audit and bifurcated those into various categories such as: ‣ Introduction & Applicability of Tax Audit ‣ Due Date & Process to File Tax Audit Report ‣ Computation of Gross Receipts or Turnover ‣ Income Computation & Disclosure Standards (ICDS) ‣ Method of Accounting, GST & Ind AS ‣ Disclosure & Reporting in Form 3CD