Decoding Issues Relating to Tax Audits!
- Year of Publication: 2022
- ISBN: 0
Episode Duration:
90 minutes
Episode Background:
As you are aware, for an assessee who does not have international transactions u/s 92 of the Income Tax Act (‘the Act’), the due date for completion of tax audit for FY 21-22 is 30th September, 2022, and in case an assessee has international transactions, the due date is 31st October, 2022.
In this context, during the past one year, there have been numerous amendments in the Act which will have an impact on reporting of information in certain clauses of Form 3CD. Further, there are certain clauses in Form 3CD which were kept in abeyance till 31st March, 2021, and have now become applicable for tax audit of FY 2021-22. Considering the same and for proper reporting of information in Form 3CD for FY 2021-22, the tax auditor as well as the assessee should be aware of the new reporting requirements which have wide ramifications in certain clauses of Form 3CD.
What shall the episode cover?
Against this backdrop, Taxsutra is delighted to present to you a special episode on the theme of “Decoding Nuances & Issues Relating to Tax Audits” by Ms. Saroj Maniar (Partner - CNK & Associates, LLP, Chartered Accountants).
Key Highlights:
In this episode, Ms. Maniar has thrown light upon the following:
- Guidance Note issued by the ICAI
- Common errors in Tax Audit Reports
- New reporting requirement under Clause 30C (GAAR) and 44 (GST)
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2022
- ISBN: 0
Episode Duration:
90 minutes
Episode Background:
As you are aware, for an assessee who does not have international transactions u/s 92 of the Income Tax Act (‘the Act’), the due date for completion of tax audit for FY 21-22 is 30th September, 2022, and in case an assessee has international transactions, the due date is 31st October, 2022.
In this context, during the past one year, there have been numerous amendments in the Act which will have an impact on reporting of information in certain clauses of Form 3CD. Further, there are certain clauses in Form 3CD which were kept in abeyance till 31st March, 2021, and have now become applicable for tax audit of FY 2021-22. Considering the same and for proper reporting of information in Form 3CD for FY 2021-22, the tax auditor as well as the assessee should be aware of the new reporting requirements which have wide ramifications in certain clauses of Form 3CD.
What shall the episode cover?
Against this backdrop, Taxsutra is delighted to present to you a special episode on the theme of “Decoding Nuances & Issues Relating to Tax Audits” by Ms. Saroj Maniar (Partner - CNK & Associates, LLP, Chartered Accountants).
Key Highlights:
In this episode, Ms. Maniar has thrown light upon the following:
- Guidance Note issued by the ICAI
- Common errors in Tax Audit Reports
- New reporting requirement under Clause 30C (GAAR) and 44 (GST)
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
