Further if the Audit is abolished than what according to NFRA would be basis for lenders to decide the credit worthiness of the business as Audit report is one of the most important bases to decide that business is not SHAM...
CBDT extends due date for filing ITR under form 10B till February 15,2022 The last day for submitting tax audit reports under form 10B has been pushed to February 15,2022,whereas,the deadline to file income tax returns(ITR)in audit cases,for the assessment year 2021-22,has been extended...
Should the Government Consider Extending the due date for filing Tax Audit, Transfer Pricing Audit and Income Tax Returns? GST Audit 19-20, & Lots of Issues Extension of Due Dates for ITR, Tax Audit Report, and GST Annual Return for AY 2020-21 requested by Professionals and Taxpa...