Judgement

The Income Tax Appellate Tribunal(ITAT Delhi) has held that Revisionary power u/s 263 cannot be initiated on the basis of audit objection.

Revisionary power u/s 263 cannot be initiated on the basis of audit objection: ITAT

Notifications

The Central Board of Direct Taxes(CBDT) has extended the applicability of Transfer Price Safe Harbour Rules till AY 2023-24 via issuing Notification.

CBDT extends applicability of Transfer Price Safe Harbour Rules till AY 2023-24

The Central Board of Direct Taxes(CBDT) has notified Procedure for compulsory selection of returns for Complete Scrutiny during FY 2023-24.

CBDT Notifies Procedure for compulsory selection of returns for Complete Scrutiny during FY 2023-24

News

A compliance audit checklist is a tool used by external or internal auditors to analyse and verify an organization's conformance to government legislation, industry standards, or its own policies.

Excel Sheet for Compliance checklist for audit of Company Entities

Articles

Also Check INCOME TAX READY REFERENCER 2.0 Ebook

Tax audit, as the name implies, is an inspection or review of the accounts of any business or profession carried out by taxpayers from an income tax standpoint.

Important Summary from Business Profession Head useful for TAR

Have you been working a second job? Income-Tax Department has been delivering notices to a number of professionals who have neglected to record additional incomes above their normal salaries on their tax returns.

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Revisionary power u/s 263 cannot be initiated on the basis of audit objection: ITAT

CBDT extends applicability of Transfer Price Safe Harbour Rules till AY 2023-24

CBDT Notifies Procedure for compulsory selection of returns for Complete Scrutiny during FY 2023-24

Excel Sheet for Compliance checklist for audit of Company Entities

Important Summary from Business Profession Head useful for TAR

Income Tax Department started sending notices to moonlighting professionals