Handling Tax Audit

This book comprehensively provides the following:

[Commentary on Tax Audit u/s 44AB] with reference to its applicability to various assessees and appointment of the tax auditor
[Clause-wise Detailed Commentary] on the following:
Form 3CA
Form 3CB
Form 3CD
Clause 30C of Form 3CD pertaining to GAAR explained with foreign case laws
[Detailed Discussion on Presumptive Tax Provisions with Pros & Cons] of the following sections:
Section 44AD
Section 44ADA
Section 44AE
[Income Computation and Disclosure Standards (ICDS)] explained with the following:
Application Guide for each ICDS
Difference between Ind AS/AC & ICDS
Statements showing adjustments for variations between Ind AS/AS & ICDS
[Tax Audit Ready Reckoner] on the following topics:
Management Representation Letters which are to be obtained by the tax auditor for each Clause of Form No. 3CD
Notes/Comments/Disclaimers to be given regarding each Clause of Form No. 3CD in Clause (3) of Form No. 3CA & Clause (5) of Form No. 3CB
Audit of Cash Transactions
Audit of Share Capital
Audit of Loans, Borrowings and Deposits
Sale of Immovable Property
Applicability of various clauses to different assessees
Clause of Form 3CD not applicable to assessees following cash basis of accounting
Form 3CD – Clause-wise applicability reckoner of ICDS
Statutory provisions relevant to various clauses of Form 3CD
The Present Publication is the 15th Edition and has been amended by the Finance Act 2023. This book is authored by CA Srinivasan Anand G. with the following noteworthy features:

[Practice Pointers] which includes common errors in reporting detected by the ICAI while scrutinising tax audit reports for each Clause of Form No. 3CA, Form No. 3CB and Form No. 3CD
[Consequential Effects on Other Clauses] while reporting in each Clause of Form No. 3CD
[Tax Audit of Companies]; relevant clauses in statutory audit report & CARO report, which are to be cross-checked
[Requirements of various Clauses] of Form 3CA, Form 3CB & Form 3CD are discussed with reference to the following:
e-Filing Utility requirements
Relevant Legal Provisions
Case Laws
CBDT Clarification
Views of the ICAI
[Checklists] are provided for various clauses of Form 3CD