TAX AUDIT -BY G SEKAR

Since its introduction, Audit under Section 44AB of the Income Tax Act, 1961 has been one of the core areas of Practising Chartered Accountant(s). There have been a lot of improvements and updates in this area, including developments like Income Computation and Disclosure Standards (ICDS), and changes in Tax Audit Report Formats. The Book is an endeavour to assist all Practising Chartered Accountants, irrespective of the size of their Firm or audit experience waitto highlight the principles in Tax Audit, in a simple but effective manner, and to aid their application in practice.

Highlights of the Book:

i) Finance Act, 2021 Amendments incorporated.
ii) Detailed analysis of provisions of revised ICDS
iii) Frequently Asked Questions (FAQs) on – (a) Applicability of Tax Audit,
iv) Ethical Issues and Duties and Responsibilities of Tax Auditor, etc.
v) Detailed Explanation of the Provisions of Income Tax Law – relevant for various Clauses in Form No.3CD including Highlights of Guidance provided by ICAI
vi) Clause by Clause Analysis, of Statement of Particulars in Form No.3CD.
vii) Separate Chapter on e–filing of Tax Audit Reports including Step by
viii) Step approach guiding E–filing in Java Utility