GUIDANCE NOTE ON TAX AUDIT UNDER SECTION 44AB OF THE INCOME-TAX ACT, 1961 (Revised
2013 Edition) has been released by The Institute of Chartered Accountants of
India.
The last edition of this Guidance
Note was brought out in the year 2005. Thereafter, a number of amendments were
made in the Income-tax Act, 1961 which had a great bearing on tax audit
reporting requirements and was followed by the issuance of supplementary
guidance a couple of times. Also, due to unstinted efforts of ICAI, the
Government has permitted uploading of tax audit report in the e-filing portal.
In order to update and guide the members about the developments taken place in
past few year, the Direct Taxes Committee of the Institute of Chartered
Accountants of India has evised the said Guidance Note.
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