Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Statutory audit requirement for taxpayers carrying on business or profession triggers audit obligation when turnover or receipts exceed thresholds. Section 44AB requires persons carrying on business or profession to obtain an accountant's audit and furnish a prescribed audit report when specified turnover, gross receipts, or deemed-profit conditions under certain presumptive provisions are met; it allows reliance on audits under other laws supplemented by the prescribed accountant's report, treats certain non-account-payee cheque or draft payments as cash for threshold calculations, and defines the 'specified date' as one month prior to the due date for filing the return.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statutory audit requirement for taxpayers carrying on business or profession triggers audit obligation when turnover or receipts exceed thresholds.
Section 44AB requires persons carrying on business or profession to obtain an accountant's audit and furnish a prescribed audit report when specified turnover, gross receipts, or deemed-profit conditions under certain presumptive provisions are met; it allows reliance on audits under other laws supplemented by the prescribed accountant's report, treats certain non-account-payee cheque or draft payments as cash for threshold calculations, and defines the "specified date" as one month prior to the due date for filing the return.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
