Income Tax Audit Applicability at Glance – TaxGyata

Section 44AB provides provisions relating to the class of Income taxpayers who are required to get their accounts audited. Applicability of tax audit under Income Tax

Section 44B of Income Tax Act, 1961
Section 44AB provides provisions relating to the class of Income taxpayers who are required to get their accounts audited from a chartered accountant before the specified date and furnish by that date the report of such audit in the prescribed form duly signed and verified by such accountant.

The chartered accountant conducting the tax audit is required to give his findings, observation, etc., in the form of an audit report. The report of tax audit is to be given by the chartered accountant in Form Nos. 3CA/3CB and ​3CD.

Leave a Reply

Your email address will not be published. Required fields are marked *