A Guide to Tax Audit and Other certifications under Income Tax Act, 1961 (English) (Paperback)

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Description About the Book 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. With its crisp, to the point and meaningful analysis without information overloads, 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. The book dissects each clause of the Tax Audit report by incorporating relevant case laws, CBDT circulars, Notifications and pronouncements from the Institute of chartered Accountants of India (ICAI). It elucidates each clause of Form 3CD in a separate chapter, providing Tax Audit Check list for the guidance and step by step audit Approach. It incorporates practical issues faced during Tax audits and Frequently Asked Questions (FAQs) on the subject of Tax audit coupled with relevant illustrations and case laws, examples wherever needed. It have captured the amendments brought in by Finance Act 2016 and have relevant references of latest Guidance note on Tax Audit (2014) issued by ICAI The content is enhanced with the additional coverage of New ICDS, notified on 31.3.2015, including comparison with current AS. It includes sample formats for Engagement Letter, Management representations, which the Tax Auditors are required to obtain from their clients. Key features of the book: Latest Tax Audit forms (Form 3CA, 3CB and 3CD) Detailed analysis of each clause Clause wise Tax Audit Checklist Additional coverage of New ICDS, notified by CBDT on 31.3.2015, along with comparison with respective AS. Includes the separate chapter on Transfer Pricing provisions Important certifications in Income tax Act, 1961. FAQ and Practical Issues Relevant Case laws E- filing guidance