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Jul 5, 2022 · The DTC has decided to issue guidance note on tax audit for each assessment year separately. This Guidance Note is for the audits to be conducted for Assessment Year 2022-23. Therefore, law relevant to this year has been discussed. This has helped in containing size of the Guidance Note.
Tax audit, an essential tool in ensuring adherence to tax laws and regulations, demands a profound understanding of intricate legal framework, attention to detail and commitment towards ethical practice.
Exposure Draft - Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 - AY 2023-24 - (22-07-2023)
The “Guidance Note on Tax Audit u/s 44AB of the Income Tax Act, 1961” is amongst one of the important guidance issued by ICAI and is referred not only by our Chartered Accountants but also by assessing officers and in various judicial forums.
This checklist has been broadly based on the text of the Guidance Note on Tax Audit under section 44AB of the Income tax Act, 1961/ Implementation Guide w.r.t. Notification No. 33/2018 dated 20.7.2018 effective from
introduction of tax audit provision to guide members in discharging their responsibility efficiently and effectively. Subsequently, significant amendments were made in the relevant statutory provisions and accordingly the said Guidance Note was revised from time to time. The last edition of this Guidance Note was brought out in the year 2005.
Following is the Exposure Draft of the Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961, issued by the Direct Taxes Committee of ICAI for comments. Changes have
Sep 5, 2023 · Explore the latest 2023 revision of the ICAI's Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961. Learn about updates, compliance requirements, and the role of chartered accountants in the tax audit process.
Jul 24, 2023 · The Institute of Chartered Accountants of India (ICAI) has released the Exposure Draft Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 for the Assessment Year 2023-24.
Sep 4, 2023 · ICAI has released the revised 2023 edition of the Guidance Note on Tax Audit under Section 44AB of the Income Tax Act, 1961, incorporating amendments made by the Finance Act, 2023.
