Audit report requirement: audit under tax provision must be furnished in prescribed Form 3AC under Income tax rules. Rule 5AC mandates that the report of audit of accounts required under sub section (2) of section 33AB of the Income tax Rules, 1962 shall be furnished in ... Summary
Audit report requirement: audit under tax provision must be furnished in prescribed Form 3AC under Income tax rules.
Rule 5AC mandates that the report of audit of accounts required under sub section (2) of section 33AB of the Income tax Rules, 1962 shall be furnished in Form No. 3AC, establishing the prescribed documentary format for assessees carrying on business or profession.
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