The deadline to file tax audit reports expires on September 30: Here is all you need to know.
This indicates that taxpayers who qualify for the same have just three days to finish the procedure.
The requirement for taxpayers to have their accounts tax audited by a chartered accountant is outlined in Section 44AB.
Therefore, people who are affected by this must acquire the audit report by September 30 at the latest.
The Indian tax laws first introduced the idea of a tax audit in 1984.
The tax audit is only carried out by a chartered accountant and seeks to determine if certain Act provisions are being followed.
The tax audit's chartered accountant must present his or her conclusions, observations, etc.
stated Yeeshu Sehgal, Head of Tax Market, in the form of an audit report in Form Nos. 3CA/3CB and 3CD.
The completion of Form Nos. 3CA/3CB and 3CD requirements is the audit's main goal.