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A Guide to Tax Audit and other Certifications Under Income-tax Act, 1961

A Guide to Tax Audit and other Certifications Under Income-tax Act, 1961

by Amit Ashok Purohit
About 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, along with in depth analysis of FORM 3CD 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 Unique features such as chapters on practical case studies, effective audit planning, Sample Template of reporting under Form 3CD, etc. the book also contain a chapter on Audit consideration during COVID-19. This book also contains information about relevant and latest sections/rules/notifications/ circulars for ease of reference. Book is covering 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 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 is equipped with the following features:

  • In Depth analysis of Form 3CD
  • Overview and clause by clause Analysis of form 3CA, 3CB, 3CD and 3CEB
  • The Amendments made by Finance Act 2020
  • Form 3CD Reporting Template
  • Practical case studies based on Tax Audit, very useful for tax auditors
  • Separate Chapter on Audit Considerations during COVID-19
  • 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
Categories: Direct Taxes
Publisher: Wolters Kluwer
About Publisher:

Wolters Kluwer Tax & Accounting in India (www.cchifirm.co.in), provides publishing, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics. Wolters Kluwer Tax & Accounting (a Wolters Kluwer business) is part of the Wolters Kluwer Group, a leading global information service provider for professionals. Wolters Kluwer Tax & Accounting publications cover a wide range of topics such as tax, accounting, law, financial planning, human resources and training.

Author: Amit Ashok Purohit
About Author:
Amit Ashok Purohit :

He is Commerce Graduate from the Mumbai University, Fellow Chartered Accountant from The Institute of Chartered Accountants of India and holds additional degrees of ‘Company Secretary’ from the Institute of Company Secretaries of India and Diploma in International Financial Reporting from ACCA (UK). He has two decades of professional experience and has been advising clients on Audit, Assurance and Tax matters across various sectors.

He has addressed and led discussions on various professional topics at various meetings/seminars organised by the Professional Organisations such as The Institute of Chartered Accountants’ of India, the Bombay Chartered Accountants’ Society and the Chamber of Tax Consultants. He has also contributed articles for Professional journals and newspapers.


Similar Books

Ratings and Reviews

Overall Rating
Review
About 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, along with in depth analysis of FORM 3CD 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 Unique features such as chapters on practical case studies, effective audit planning, Sample Template of reporting under Form 3CD, etc. the book also contain a chapter on Audit consideration during COVID-19. This book also contains information about relevant and latest sections/rules/notifications/ circulars for ease of reference. Book is covering 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 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 is equipped with the following features:

  • In Depth analysis of Form 3CD
  • Overview and clause by clause Analysis of form 3CA, 3CB, 3CD and 3CEB
  • The Amendments made by Finance Act 2020
  • Form 3CD Reporting Template
  • Practical case studies based on Tax Audit, very useful for tax auditors
  • Separate Chapter on Audit Considerations during COVID-19
  • 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
Categories: Direct Taxes
Publisher: Wolters Kluwer
About Publisher:

Wolters Kluwer Tax & Accounting in India (www.cchifirm.co.in), provides publishing, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics. Wolters Kluwer Tax & Accounting (a Wolters Kluwer business) is part of the Wolters Kluwer Group, a leading global information service provider for professionals. Wolters Kluwer Tax & Accounting publications cover a wide range of topics such as tax, accounting, law, financial planning, human resources and training.

Author: Amit Ashok Purohit
About Author:
Amit Ashok Purohit :

He is Commerce Graduate from the Mumbai University, Fellow Chartered Accountant from The Institute of Chartered Accountants of India and holds additional degrees of ‘Company Secretary’ from the Institute of Company Secretaries of India and Diploma in International Financial Reporting from ACCA (UK). He has two decades of professional experience and has been advising clients on Audit, Assurance and Tax matters across various sectors.

He has addressed and led discussions on various professional topics at various meetings/seminars organised by the Professional Organisations such as The Institute of Chartered Accountants’ of India, the Bombay Chartered Accountants’ Society and the Chamber of Tax Consultants. He has also contributed articles for Professional journals and newspapers.

Similar Books

Ratings and Reviews

Overall Rating
Review
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