ICAI Revised Guidance Note (2023) on Tax Audit under section 44AB of Income Tax Act including clause 44 for GST.

Guidance Note also includes note on clause 44 of Tax Audit Report i.e. Break-up of total expenditure of entities registered or not registered under GST.

Tax audit is one of the important areas of practice for Chartered Accountants. The dynamic nature of income tax law often gives rise to numerous queries and uncertainties in its adherence. In order to guide the members of ICAI with respect to the recent changes in the provisions w.r.t tax audit as also to provide clarity on various aspects, the Direct Taxes Committee of ICAI has taken an initiative of updating the “Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961 (Revised 2023)”.

This publication has been specifically revised keeping in view the amendments made upto Finance Act, 2023 and tax audit forms applicable as on date (Form No. 3CA/3CB/3CD).

Click here to download ICAI Revised Guidance Note (2023)

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