TAX DESTINATION

Hello Guys, Welcome to our new series on Tax Audit. Let's start today with understanding basics such as Tax Audit applicability and due dates. Section 44AB of the Income-tax Act, 1961 lists out the cases in which the assessees are  required to get their accounts audited by a Chartered Accountant. Form 3CA/3CB along with Form 3CD has been notified by the Income-tax department for the purpose of the same. The due dates of filing of Return and submission of Tax Audit report by such assessees are  as under : Due date for furnishing Tax Audit Report (Form 3CA/3CB + Form 3CD) -- 30th September of relevant Assessment Year. Due date for filing ITR -- 31st October   of relevant Assessment Year. The audit report has to be furnished by Tax Auditor in either Form 3CA or Form 3CB along with Form 3CD which forms part of the audit report and contains the prescribed particulars- Form 3CA - Tax Audit Report in the case of a taxpayer having business or profession income who is mandatorily require

Hello Guys, Welcome to our new series on Tax Audit. Let's start today with understanding basics such as Tax Audit applicability and due dates. Section 44AB of the Income-tax Act, 1961 lists out the cases in which the assessees are  required to get their accounts audited by a Chartered Accountant. Form 3CA/3CB along with Form 3CD has been notified by the Income-tax department for the purpose of the same. The due dates of filing of Return and submission of Tax Audit report by such assessees are  as under : Due date for furnishing Tax Audit Report (Form 3CA/3CB + Form 3CD) -- 30th September of relevant Assessment Year. Due date for filing ITR -- 31st October   of relevant Assessment Year. The audit report has to be furnished by Tax Auditor in either Form 3CA or Form 3CB along with Form 3CD which forms part of the audit report and contains the prescribed particulars- Form 3CA - Tax Audit Report in the case of a taxpayer having business or profession income who is mandatorily require

Hey guys!! Welcome to TAX DESTINATION Blog.Here we go to know more about Financial Planning & Analysis (FP &A). You would have gone through more about Accounting, Auditing,  Mathematics ,Taxation & found recording & verifying transactions rather boring. Number interests you, but knowing what's behind them excites you. You will find the reason why the company has made that much or that less in a given time & based on that you will plan & budget for next period. This is what we called as Financial Planning & Analysis. Finding Interesting Stories while reading Financial data, and  providing managers with the information they need, in order decisions, is definitely more interesting than just recording transactions and preparing balance sheets. This is a bigger choice & each bigger corporation runs an entire FP&A department. Let's go more into Basic Advanced & Technical Questions of FP&A: Basic Questions 01.  Why FP&A, and not accounti

Hey guys!! Welcome to TAX DESTINATION Blog.Here we go to know more about Financial Planning & Analysis (FP &A). You would have gone through more about Accounting, Auditing,  Mathematics ,Taxation & found recording & verifying transactions rather boring. Number interests you, but knowing what's behind them excites you. You will find the reason why the company has made that much or that less in a given time & based on that you will plan & budget for next period. This is what we called as Financial Planning & Analysis. Finding Interesting Stories while reading Financial data, and  providing managers with the information they need, in order decisions, is definitely more interesting than just recording transactions and preparing balance sheets. This is a bigger choice & each bigger corporation runs an entire FP&A department. Let's go more into Basic Advanced & Technical Questions of FP&A: Basic Questions 01.  Why FP&A, and not accounti