Скачать или смотреть "Basics of Tax Audit Under Section 44AB | A Quick Walkthrough"

Are you looking for a simple and clear overview of the tax audit process under Section 44AB of the Income Tax Act? This video is designed to give you a basic walkthrough of what a tax audit entails, including key limits, forms, and stages.

In this video, you will learn:

1. Tax Audit Requirements:
When a tax audit becomes mandatory Turnover of more than ₹1 Cr.
Special conditions under Section 44AD with a turnover limit of ₹2 Cr.

2. Essential Forms:
Form 3CB: Overview of the 5 critical clauses.
Form 3CD: Part A and Part B Breakdown, covering all 44 clauses.

3. Simple Steps in Tax Audit Process:
Stage 1: Getting Data: Initial steps to gather necessary financial data and client documents.
Stage 2: Performing the Audit: Key tasks involved in reviewing and auditing financial records.
Stage 3: Finalizing the Audit: Final adjustments and preparation of the audit report and computation.
Stage 4: Filing: Steps to file the audit report and ITR, and manage client communications.
Stage 5: Post Consulting: Providing additional suggestions and value-added services after the audit.

This video is perfect for beginners, small business owners, or anyone new to the tax audit process who needs a quick, easy-to-understand guide.

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