Blog Posts - Tax Audit



National Audit Office questions government’s lack of tax relief scrutiny

The government said it made “no apology” for its use of tax relief after the National Audit Office said it was surprised by how little work was carried out monitoring whether such schemes were being abused. The NAO said despite the existe...
by TaxWorldWeb on Mar 27, 2014

Renewed Warning: IRS Tax Scam Alert and What To Do To Protect Yourself: Scary and Disturbing Tactics By Phony IRS Agents

The IRS just renewed its October, 2013 warning about a pervasive phone scam that continues to target people across the nation, including recent immigrants. The Treasury Inspector General for Tax Administration called it the largest scam of its kind.

Renewed Warning: IRS Tax Scam Alert and What To Do To Protect Yourself: Scary and Disturbing Tactics By Phony IRS Agents

The IRS just renewed its October, 2013 warning about a pervasive phone scam that continues to target people across the nation, including recent immigrants. The Treasury Inspector General for Tax Administration called it the largest scam of its kind.

IRS Tax Scam Alert and What To Do To Protect Yourself: Scary and Disturbing Tactics By Phony IRS Agents

On Halloween the IRS announced (IR-2013-84) the newest and scariest phone scam.  Someone has a sick sense of humor out there. This sophisticated and sinister phone scam targets taxpayers,  especially recent immigrants, throughout the country. Detai...

IRS Tax Scam Alert and What To Do To Protect Yourself: Scary and Disturbing Tactics By Phony IRS Agents

On Halloween the IRS announced (IR-2013-84) the newest and scariest phone scam.  Someone has a sick sense of humor out there. This sophisticated and sinister phone scam targets taxpayers,  especially recent immigrants, throughout the country. Detai...

Maximum Number of Tax Audit Report a CA in a Firm can Sign in a Financial Year

ICAI has received number of queries asking about the maximum number of tax audit reports which a Chartered Accountant in practice can sign. In this regard, Ethical Board of ICAI has issued a... [[ This is a content summary only. Visit www.indiantaxu...
by Indian Tax Updates on Sep 7, 2013

In new policy, number of tax audits to be doubled

ISLAMABAD: As the country takes a prickly path to reforms, the government has approved a new audit policy aimed at doubling the number of tax audits under an agreement with the International Monetary Fund (IMF).
by TaxWorldWeb on Sep 6, 2013

10 Important Points to know about Tax Audit u/s 44AB of Income-Tax Act

Brief on Tax Audit u/s 44AB 1. Every person carrying on Business whose gross turnover or sales from the business exceeds Rs.1 crore in the previous year relevant to the assessment year is required to... [[ This is a content summary only. Visit www.i...
by Indian Tax Updates on Jul 10, 2013

Small business tax tools

“Hey, boss, the ATO is on the line for you…they want to come out and do a TAX AUDIT!!!” Do you have nightmares about a phone call like this? Even if you are the most honest finance manager, you may still dread a tax audit due to the amount...
by Small Business Owner on Jul 7, 2013

BALI – TAX AUDIT UPDATE

INFORMASI TRAINING DAN SEMINAR Topik Training : “ BALI – TAX AUDIT UPDATE“ Kategori Training : Finance, Perpajakan Pelaksanaan : 27 Juni | 09.00 – 16.00 WIB Tempat : Kuta Paradiso Hotel, Kamis 27 June 2013 (disampaikan da...

For Tax Seminars in Bali

RUNNING!!… INFORMASI TRAINING DAN SEMINAR Topik Training : ” For Tax Seminars in Bali“ Kategori Training : Finance, Perpajakan Pelaksanaan : Tax Audit update (presented in Bahasa Indonesia), 27 June 2013 Transfer Pricing update (pre...

Procedure of Mandatory e-filing of Tax Audit Report for AY 2013-14

E-filing of audit reports must with tax returns From assessment year 2013-14 onwards, where an assessee is required to furnish a tax audit report under sections 10(23C)(iv), 10(23C)(v), 10(23C)(vi),... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Jun 20, 2013

Playing Games With Employees: IRS May Come Knocking

The Treasury Inspector General of For Tax Administration recently issued a report entitled Employers Do Not Always Follow Internal Revenue Service Determination Rulings that indicated the employers just do not get it when it comes to treating workers...

Playing Games With Employees: IRS May Come Knocking

The Treasury Inspector General of For Tax Administration recently issued a report entitled Employers Do Not Always Follow Internal Revenue Service Determination Rulings that indicated the employers just do not get it when it comes to treating workers...

Mandatory E-filling of Tax Audit Report for AY 2013-14

Mandatory E-FILLING  of Chartered Accountant’s Tax Audit report under section 44AB, 92E & 115JB of Income Tax Act, 1961 Income Tax department vide Notification No. 34/2013/F.No.142/5/2013-TPL... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Jun 4, 2013

Quick and Easy ways to Efile income tax return in India

How to E-file income tax return in India? Earlier this month, Department has issued notification stating that every assessee who has income exceeding Rs.5 lakh required to file income tax return,... [[ This is a content summary only. Visit www.india...
by Indian Tax Updates on May 27, 2013

Explanation of TDS on Payment made to Hotels u/s 194-I

TDS on Payment made to Hotels The provisions of section 194-I do not normally cover any payment for rent made by an individual or HUF except in cases where the total sales, gross receipts or turnover... [[ This is a content summary only. Visit www.i...
by Indian Tax Updates on Apr 8, 2013

Inclusions & Exclusions from Sales, turnover, gross receipts for Tax Audit u/s 44AB

Meaning of Sales, turnover, gross receipts for Tax Audit u/s 44AB Definition of Sales and Turnover Sales: The aggregate amount for which sales are effected or services rendered by an enterprise. The... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Mar 19, 2013

Australian tax crackdown to target Google

Australia has released draft revisions to tax laws, which it said were designed to stop big firms, including the local arm of Google, from shifting their income to countries such as Holland or Ireland where the tax rates are lower.
by TaxWorldWeb on Nov 22, 2012

Tax Audit Report with ITR is Mandatory

The Income Tax E filling website has undergone massive changes last week. The site has been modernized with growing need of Industry and professionals. The most important change is addition of professional window for chartered accountants. Tax Aud...
by Indian Tax Updates on Nov 12, 2012


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