.jpg)
Short Description:
ISBN: 978-81-972724-9-3
AUTHOR: CA. KAMAL GARG
Edition: 2nd, Edn., 2024
Year: 2024
Pages: 336
Chapter 1
Tax Audit – An Introduction
1. Introduction
1.1 Analysis of tax audit provisions under section 44AB of the Income Tax Act, 1961
1.2 Applicability of tax audit u/s 44AB w.e.f. assessment year 2024-25 to persons carrying on profession
2. Applicability of tax audit when there are common partners
3. Tax audit applicability when income is exempt
4. Assessee carrying on business as well as profession
5. Meaning of sales, turnover, gross receipts
6. Disqualifications for tax auditor
7. Failure to get accounts audited
Chapter 2
Form 3CA and Form 3CB – An Analysis
1. Form 3CA and Form 3CB
1.1 Remarks to be added in Para 3 of Form 3CA as regards respective responsibilities of tax auditor and assessee-Company in respect of Form 3CD
1.2 Remarks to be added in Para 5 of Form 3CB as regards respective responsibilities of tax auditor and other assessee in respect of Form 3CD
2. Books of accounts and relevant documents
3. Tax auditor to obtain all the information and explanations
4. Branches of assessee
5. Unique Document Identification Number (UDIN)
5.1 No field for mentioning UDIN
5.2. Process to generate UDIN for tax audits
5.3 Extension of Condonation Scheme to regularize UDINs
5.4 CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports
5.5 Extension of Last Date for Updating UDINs at e-filing Portal
5.6 Aligning the Time Limit of Generating UDIN from 15 days to 60 days
5.7 FRN made a compulsory field for UDIN Generation
5.8 Archiving of UDINs
6. Revision of tax audit report
Chapter 3
Form 3CD — Ready Reckoner
1. Clause 1
2. Clause 2
3. Clause 3
4. Clause 4
5. Clause 5
6. Clause 6
7. Clause 7
8. Clause 8
9. Clause 8A
10. Clause 9
11. Clause 10
12. Clause 11
13. Clause 12
14. Clause 13
15. Clause 14
16. Clause 15
17. Clause 16
18. Clause 17
19. Clause 18
20. Clause 19
21. Clause 20
22. Clause 21
23. Clause 22
24. Clause 23
25. Clause 24
26. Clause 25
27. Clause 26
28. Clause 27
29. Clause 28
30. Clause 29
31. Clause 29A
32. Clause 29B
33. Clause 30
34. Clause 30A
35. Clause 30B
36. Clause 30C
37. Clause 31
38. Clause 32
39. Clause 33
40. Clause 34
41. Clause 35
42. Clause 36
43. Clause 36A
44. Clause 37
45. Clause 38
46. Clause 39
47. Clause 40
48. Clause 41
49. Clause 42
50. Clause 43
51. Clause 44
Chapter 4
Draft Disclosure Requirements for
Clause 13(f) of Form 3CD
Chapter 5
Tax Audit Engagement Letter
Chapter 6
Income Computation & Disclosure Standards
A. Income Computation and Disclosure Standard I relating to accounting policies
B. Income Computation and Disclosure Standard II relating to valuation of inventories
C. Income Computation and Disclosure Standard III relating to construction contracts
D. Income Computation and Disclosure Standard IV relating to revenue recognition
E. Income Computation and Disclosure Standard V relating to tangible fixed assets
F. Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates
G. Income Computation and Disclosure Standard VII relating to government grants
H. Income Computation and Disclosure Standard VIII relating to securities
I. Income Computation and Disclosure Standard IX relating to borrowing costs
J. Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets
Circular No. 10/2017, dated 23-3-2017: Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961
Chapter 7
Income Computation and Disclosure Standards
vis-à-vis Judicial Precedents
1. Prior-period expenses
2. Marked to Market, Expected and probable losses
3. Retention Money
4. Revenue Recognition
5. Inventory valuation
Chapter 8
ICDS (Revised) v AS
1. ICDS-I (Revised) v AS 1
2. ICDS-II (Revised) v (AS) 2
3. ICDS-III (Revised) v (AS) 7
4. ICDS-IV (Revised) v (AS) 9
5. ICDS-V (Revised) v (AS) 10
6. ICDS-VI (Revised) v (AS) 11
7. ICDS-VII (Revised) v (AS) 12
8. ICDS-VIII (Revised) v AS 13
9. ICDS-IX (Revised) v (AS) 16
10. ICDS-X (Revised) v (AS) 29
Chapter 9
ICDS (Revised) v Ind AS
1. ICDS-I (Revised) v Ind AS 1
2. ICDS-II (Revised) v Ind AS 2
3. ICDS-III (Revised) v Ind (AS) 11
4. ICDS-IV v Ind AS 18
5. ICDS-V (Revised) v Ind AS 16
6. ICDS-VI (Revised) v Ind AS 21
7. ICDS-VII (Revised) v Ind AS 20
8. ICDS-IX (Revised) v Ind AS 23
9. ICDS-X (Revised) v Ind AS 37
Annexure 1 Audit report under section 44AB of the Income-tax Act, 1961, in a case where the accounts of the business or profession of a person have been audited under any other law
Annexure 2 Audit report under section 44AB of the Income-tax Act, 1961, in the case of a person referred to in clause (b) of sub-rule (1) of rule 6G
Annexure 3 Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961
| Shipping Options | Delivery Time | Price |
|---|---|---|
| Standard Shipping | Delivery in 5 - 7 working days | $8.00 |
| Express Shipping | Delivery in 3 - 5 working days | $12.00 |
| 1 - 2 day Shipping | Delivery in 1 - 2 working days | $12.00 |
| Free Shipping | Living won't the He one every subdue meat replenish face was you morning firmament darkness. | $0.00 |
May, life blessed night so creature likeness their, for. Find out more
From all orders over 2000
Get your book quick at your door step
You're in safe hands
