A Guide to Tax Audit and Other certifications under Income Tax Act, 1961 Fourth edition

The proposed publication on Tax Audit and other certifications will give in depth insight in to the realm of Tax Audit and certification requirements under the Income Tax Act, 1961, along with in depth analysis of amendments issued in FORM 3CD by Notification no 33/2018, dated 20.7.2018 (w.e.f. 20.8.2018)and ICAI Implementation guide for the same. This book is an attempt to decode the complexity and navigate through various clauses in simple, crisp and lucid manner for the understanding of the reader. This edition includes new features such as chapters on practical case studies, effective audit planning, Sample Template of reporting under Form 3CD, etc. This book also contains information about relevant and latest sections/rules/notifications/circulars for ease of reference. Further, the content of this book has been designed and devised in a way so that it becomes more handy and easy to use. The book has Comparative Analysis of ICDSs with respective AS, along with Domestic Transfer Pricing Chapter and analysis of Equalization Levy. The book will serve as indispensable tool and reference book to various Professionals conducting such audit/certification and to the Assessees who are liable to the Tax Audit/certification. Following are the key features: In Depth analysis of recently introduced amendments (20th July, 2018) to Form 3CD A separate and in depth analysis of the ICAI implementation guide issued in August, w.r.t. Notification no. 33/2018, w.e.f. 20.8.2018 Overview and clause by clause Analysis of form 3CA, 3CB, 3CD and 3CEB The Amendments made by Finance Act 2018 Form 3CD Reporting Template Practical case studies based on Tax Audit, very useful for tax auditors Comparative Analysis of ICDSs with respective AS Separate chapter on Domestic Transfer Pricing along with Analysis of Form 3CE Auditor's Checklist and FAQs ( clause wise) at one place in separate chapters Important certifications in Income Tax Act, 1961 Formats of Relevant certificates under Income tax Act, 1961 Practical Issues and Relevant latest judgements Relevant Sections, Rules, circulars, notifications, instructions, Rules and Sections The Book also covers Tax Audit Check list for the guidance and step by step audit Approach. The book incorporates e-filing and ITR requirements and guidance for complying with the same along with the filing the Tax audit Report online The book contains ethical issues arising out of Tax audit, Documentation requirements and references to relevant Standards on Auditing. The book includes sample formats for Engagement Letter, Management representations, which the Tax Auditors are required to obtain from their clients. Must have book for all the Tax Auditors.