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Tax Audit

Tax Audit Limit Increased after Budget 2010

Tax audit limit increased from forty lakh rupees to sixty lakh rupees in case of persons carrying business, and tax audit limit increased from ten lakh rupees to fifteen lakh rupees in case of persons carrying profession. Under the existing provisions of section 44AB, every person carrying on business is required to get his accounts audited if the total sales, turnover or gross receipts in business exceed forty lakh rupees in the previous year. See .....

Tax Audit : Basic Concepts that one Must Know

Audit Report : Form No. 3CA : Tax Audit : Basic Concepts that one Must Know. First part: Refers to the fact that the statutory audit of the assessee was conducted by a chartered accountant or any other auditor in pursuance of the provisions of the relevant Act, and the copy of the audit report along with the * audited profit and loss account ; * audited balance sheet and * the documents declared by .....

Do Tax Audit in Tally.ERP

Now Chartered Accountant can easily audit with Tally.ERP. Tally.ERP has so much features for Chartered accountant in Auditor Edition. Lets know the features for audit in tally.ERP with below presentation. Download Blank Audit Report Format. See : Tax Audit Checklist Also See : NOTIFICATION NO. 36/2009, DATED 13-4-2009 (Amendment in Tax Audit Report)

Tax Audit Checklist

Tax Audit Checklist If the “The taxman cometh” what should you do? Firstly, you are most likely to get a “please explain” letter, rather than a knock at the door but it is always best to be prepared. An audit is a serious matter so here is some practical advice on what to do in case of a random or, not so random tax audit at your premises. So tax audit checklist is the main .....