Description
CCH India A Guide To Tax Audit And Other Certifications Under Income Tax Act, 1961, 3E by CA Amit Ashok Purohit
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
About the Author:
CA Amit Ashok Purohit
A 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). Has over 17 years 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 organized 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.