![]() ![]() The inspection process must be in a prescribed manner by CBDT. Section 44AB also states that tax review must be done by an accountant on the specified due date. It has also extended the Tax Audit Report filing as well as ITR filing to 17 th Oct 2016.It is applicable to all tax payers who are required to submit the tax return for Assessment Year 2016-17 by 30 September, as per section 44AB. J&K had an exceptional date of 30 Sep for Non-Tax Audit Cases.Ĭircular F.No.225/195/2016-ITA-II issued on 9 th September 2016 stated the extension date. In an earlier notion, CBDT had extended ITR filing date from 31 st July to 5 th Aug. CBDT has extended tax review due date from 30th September to 17th October 2016. The Central Board of Direct Taxes (CBDT) is a government authority functioning under the Central Board of Revenue Act, 1963. In our last article on tax audit, we stated that due date for tax audit filing is 30th September of the assessment year 2016-17. Any individual falling under this has to get a review his book of accounts by an authorized chartered accountant (CA).CA has to submit a report by the due date for the filing of income return. Tax audit in India are provisioned under section 44AB of the Income Tax Act 1961. It is a compulsory process as per the Income Tax Act 1961. As most of us know, a tax audit is a review or inspection of individual or organisation’s tax return.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |