Part I -- Applicable Accounting and Auditing Standards |
1
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| 1 Status and Applicability of Accounting Standards Issued by ICAI |
2
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| 2 Standards on Auditing at a Glance |
12
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| 3 Valuation of Stock [AS-2 Issued by ICAI] |
16
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| 4 Valuation of Stock -- Provision of Income Tax Act |
20
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Part II -- Books of Accounts and Accounting for Income Tax |
22
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| 5 Maintenance of Books of Account -- Requirements under Income Tax Law |
23
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| 6 Accounting for Income Tax [Section 145] |
31
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Part III -- Chartered Accountants' Obligations Vis-a-Vis Tax Audit |
42
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| 7 Who Can be Tax Auditor [As Per ICAI] |
43
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| 8 Who Cannot be Appointed As Tax Auditor -- As per ICAI |
45
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| 9 Restrictions by Income Tax Act on Chartered Accountants as to Signing of Tax Audit Reports |
48
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| 10 Fulfillment of Appointment Related Formalities in Tax Audit Cases |
51
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| 11 Removal of Tax Auditor |
58
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| 12 Ceiling on Tax Audit Assignment |
59
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| 13 Code of Ethics and Tax Audit |
62
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| 14 Duties and Obligations of Tax Auditor |
72
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| 15 Responsibilities of Tax Auditor |
77
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| 16 Liabilities of Tax Auditor |
80
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| 17 Safeguards for a Tax Auditor |
83
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| 18 Furnishing of Tax Audit Report |
85
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| 19 Penalty for Furnishing Incorrect Information in Reports or Certificates |
87
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Part IV -- Aspects Basic to Tax Audit |
89
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| 20 Requirement of Tax Audit |
90
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| 21 Tax Audit Requirement Where Assessee Having Only Exempt Income |
99
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| 22 Trusts -- Whether Required to Get Accounts Audited under Section 44AB |
101
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| 23 Presumptive Incomes and Tax Audit |
102
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| 24 Sales, Turnover or Gross Receipts -- Generally |
115
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| 25 Sales, Turnover, Gross Receipts Under Particular Situations |
133
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| 26 Securities Transactions and Tax Audit |
146
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| 27 Running of Nursing Homes -- Whether Constitute Business or Profession |
154
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| 28 Case Studies on Tax Audit |
161
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| 29 Consequences of Failure to Get Accounts Audited |
184
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Part V -- Tax Audit Preparation |
222
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| 30 Format of Financial Statements in Case of Non-Corporate Assessee |
223
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| 31 Audit Engagement Letter and Management Representation Letter |
234
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| 32 Declarations, Representations, Certificates, Etc., to be Taken From Auditee |
239
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Part VI -- Nature of Reporting, Check Lists and Common Errors in Reporting |
247
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| 33 Nature of Reporting in Form No. 3CD |
248
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| 34 Check Lists for Filling Up Form No. 3CD |
266
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| 35 Commonly Found Errors -- In Reporting by Auditors |
305
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| 36 Errors in Reporting Identified by Taxation Audits Quality Review Board (TAQRB) |
312
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Part VII -- Conducting Tax Audit |
318
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| 37 Conducting Tax Audit and Reporting |
319
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| 38 Reporting in Form No. 3CA |
323
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| 39 Reporting in Form No. 3CB |
328
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| 40 Reporting in Form No. 3CD |
333
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Part VIII -- Form No. 3CD -- Clausewise Reporting Requirements & Safeguards for Auditor |
338
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| 41 Name of Assessee [Clause 1] |
339
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| 42 Address of Assessee [Clause 2] |
340
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| 43 Permanent Account or Aadhaar Number of Assessee [Clause 3] |
341
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| 44 Details as to Indirect Tax Registration [Clause 4] |
341
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| 45 Status of the Assessee [Clause 5] |
343
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| 46 Previous Year [Clause 6] |
345
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| 47 Assessment Year [Clause 7] |
346
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| 48 Clause of Section 44AB Applicable [Clause 8] |
347
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| 49 Opting by Assessee for New Tax Regime [Clause 8A] |
348
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| 50 Details About Firm or Association of Persons [Clause 9] |
364
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| 51 Nature of Business [Clause 10] |
367
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| 52 Books of Account [Clause 11] |
370
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| 53 Presumptive Incomes [Clause 12] |
377
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| 54 Method of Accounting [Clauses 13(a) to 13(c)] |
411
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| 55 Income Computation and Disclosure Standards [Clauses 13(d) to 13(f)] |
416
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| 56 Illustrative Disclosures Under ICDS |
443
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| 57 Method of Valuation of Closing Stock [Clause 14(a)] |
449
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| 58 Conversion of Capital Asset into Stock-in-Trade [Clause 15] |
482
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| 59 Amounts Not Credited to Profit & Loss Account -- Incomes Falling under Section 28 [Clause 16(a)] |
487
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| 60 Amounts Not Credited to Profit & Loss Account -- Proforma Credits, Drawbacks, Refund of Duty, Etc. [Clause 16(b)] |
511
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| 61 Amounts Not Credited to Profit & Loss Account -- Escalation Claims [Clause 16(c)] |
513
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| 62 Amounts Not Credited to Profit & Loss Account -- Any Other Income [Clause 16(d)] |
514
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| 63 Amounts Not Credited to Profit & Loss Account -- Capital Receipt [Clause 16(e)] |
517
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| 64 Transfer of Land or Building or Both [Clause 17] |
538
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| 65 Depreciation [Clause 18] |
549
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| 66 Business Deductions [Clause 19] |
661
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| 67 Bonus or Commission Paid to Employees [Clause 20(a)] |
715
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| 68 Contribution From Employees Towards Fund Set Up for Their Welfare [Clause 20(b)] |
720
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| 69 Amounts Debited to Profit & Loss Account [Clause 21(a)] |
725
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| 70 Amounts Inadmissible under Section 40(a) [Clause 21(b)] |
763
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| 71 Amount Inadmissible Under Section 40(b)/40(ba) [Clause 21(c)] |
834
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| 72 Payments Referred to in Section 40A(3) [Clause 21(d)] |
858
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| 73 Provision for Payment of Gratuity [Clause 21(e)] |
882
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| 74 Disallowance under Section 40A(9) of Sum Paid by Assessee as Employer [Clause 21(f)] |
887
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| 75 Contingent Liabilities [Clause 21(g)] |
890
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| 76 Expenditure Inadmissible under Section 14A [Clause 21(h)] |
895
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| 77 Amount Inadmissible under Proviso to Section 36(1)(iii) [Clause 21(i)] |
922
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| 78 Amount of Interest Inadmissible under Section 23 of the Micro, Small and Medium Enterprises Development Act, 2006 [Clause 22] |
926
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| 79 Particulars of all Payments Made to Persons Specified [Clause 23] |
936
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| 80 Deemed Profits and Gains under Sections 32AC, 32AD, 33AB, 33ABA and 33AC [Clause 24] |
941
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| 81 Profits Chargeable to Tax [Clause 25] |
946
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| 82 Payment of Tax, Duty or Other Sum -- Compliance with Section 43B [Clause 26] |
970
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| 83 CENVAT Credits [Clause 27(a)] |
1001
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| 84 Expenditure/Income of Earlier Years Debited/Credited in Current Year [Clause 27(b)] |
1004
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| 85 Share of Private Company Received Without or Inadequate Consideration [Clause 28] |
1009
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| 86 Shares Issued at Consideration Which Exceeds Fair Market Value [Clause 29] |
1010
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| 87 Amount Chargeable to Tax under Section 56(2)(ix) [Clause 29A] |
1022
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| 88 Income Chargeable under Section 56(2)(x) [Clause 29B] |
1025
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| 89 Borrowals on Hundi and Repayments Otherwise than Through an Account Payee Cheque [Clause 30] |
1056
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| 90 Secondary Transfer Pricing Adjustments [Clause 30A] |
1063
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| 91 Thin Capitalisation [Clause 30B] |
1070
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| 92 General Anti Avoidance Rule [Clause 30C] |
1077
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| 93 Loans or Deposits or Specified Sum or Advance of ` 20,000 or More or Receipts/Payments in Violation of Section 269ST [Clause 31] |
1085
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| 94 Brought Forward Loss or Depreciation [Clause 32] |
1119
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| 95 Deduction Under Chapter III or Chapter VI-A [Clause 33] |
1159
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| 96 Tax Deduction/Collection at Source [Clause 34] |
1217
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| 97 Quantitative Details in Case of Trading and Manufacturing Concern [Clause 35] |
1319
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| 98 Deemed Dividend under Section 2(22)(e) [Clause 36A] |
1322
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| 99 Cost Audit [Clause 37] |
1354
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| 100 Excise Audit [Clause 38] |
1355
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| 101 Service Tax Audit [Clause 39] |
1357
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| 102 Financial Ratios [Clause 40] |
1358
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| 103 Details of Demand Raised/ Refund Issued and Income Tax Act/Wealth Tax Act [Clause 41] |
1363
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| 104 Filing of Form No. 61, 61A, and 61B [Clause 42] |
1364
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| 105 Country by Country Reporting [Clause 43] |
1378
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| 106 GST Related Reporting [Clause 44] |
1381
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