Tax Audit Compliances & Return Filling

Introduction

Particulars of Form 3CA

Name and address of the taxpayer along with Permanent Account Number.
Name of the Auditor (Individual/ Firm as the case may be).
Law under which accounts have been audited (eg: Companies Act).
Date of Audit Report.
Period of Profit & Loss Account/ Income & Expenditure Account.
Tax audit refers to the verification of the books of accounts maintained by a taxpayer. The purpose of a tax audit is to validate the income tax computation made by the taxpayer in the income tax return and to ensure compliance with the laws of Income Tax.
Document
TAX AUDIT UNDER SECTION 44AB OF THE INCOME TAX ACT 1961 :
Appointment Letter defining scope. ...
Management representation letter. ...
List of related parties & transactions. ...
Trial Balance. ...
Financial statements duly signed by the owners. ...
Notes on accounts and Disclosure.