Chartered Accountants Tax Audit Limit
The outcome of the audit is an audit report. This report is drawn by a Chartered Accountant, where he or she gives his or her findings and observations about the person’s compliance under audit.
A New Route of Tax Knowledge
Income Tax
The outcome of the audit is an audit report. This report is drawn by a Chartered Accountant, where he or she gives his or her findings and observations about the person’s compliance under audit.
This scheme is only applicable to a resident assessee who is an Individual, HUF, or partnership but not a limited liability partnership firm.
For every year, the due date of furnishing the tax audit report is 30th September of the subsequent year
Guidance under section 194Q of the Income Tax Act, 1961. Circular No. 13 of 2021 Dated 30th June 2021 issued by Income Tax Department (CBDT)
Circular No. 12/2021 Dated 25 June 2021 – Central Govt provides further relief to taxpayers during these difficult Covid times by extending timelines of certain compliances.
Compliance check facility for section 206AB and section 206CCA introduced vide circular number 11/2011 dated 21st June 2021
Circular regarding use of functionality under Section 206AB and 206CCA of the
Income-tax Act, 1961
Clarification regarding the limitation time or filing of appeals before the CIT(Appeals) under the Income-tax Act,1961 (the Act)