Tax audit is an examination/review of accounts of the business /profession from an income tax viewpoint such as income, deductions, compliance with income tax law etc. Tax audit makes the income computation for filing the return easy.
The tax audit report is Income Tax Act compliant and applicable to specified category of assessees who fulfill the conditions given by Act in this regard.
The tax audit report is filed on or before the due date of filing the return of income i.e. 30th November of the subsequent year in case the taxpayer has entered into an international transaction. In case of other tax payers, the date is 30th September of the subsequent year.
CBDT by way of Notification No. 33/2018/F.No. 370142/9/2018-TPL has amended some of the clauses of form 3CD for FY 2017-18.
Click here to read the notification.