Download or read book TaxAudit with the Taxmann s TaxAuditFAQs Dues Date Process to file Tax Audit Report A Y 2022 21 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2022-01-10 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is mandatory to file the tax audit report one month before the due date of furnishing the return of income under section 139(1). Thus, for the assessee covered under Transfer Pricing, the due date of furnishing the tax audit report is October 31, and for others, the due date is September 30. However, for Assessment Year 2021-22, the CBDT has extended those due dates. This write-up discusses the due date for furnishing the tax audit report for the Assessment Year 2021-22 and the filing process.

Download or read book TaxAudit with the Taxmann s TaxAuditFAQs Computation of Gross Receipts Turnover A Y 2022 21 written by Taxmann and published by Taxmann Allied Services. This book was released on 2022-01-10 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: A tax audit is required if gross turnover or receipts from a business or profession exceeds the prescribed threshold limit. Sales, turnover, gross receipts are the buzzwords for Tax Audit, and Income-tax Act gives no clarity on calculating such sales, turnover, or gross receipts. Before the taxpayer, various questions come up on computation of turnovers, such as, should it be gross sales or net sales? Should it include GST? Should it include commission, etc.? This write-up discusses some of the questions about the computation of gross receipts/turnover for tax audits.