Taxmann’s Guide to Tax Audit by Srinivasan Anand G – 14th Edition April 2022.

This book provides a detailed commentary/clause-by-clause analysis on the following:

• Provisions relating to Tax Audit
• Clauses of the following:
  • Form 3CA
  • Form 3CB
  • Form 3CD
• Guidance Notes issued by the ICAI
• Tax Audit Ready Reckoner

The Present Publication is the 14^th Edition, authored by CA Srinivasan Anand G. This book is updated by the Finance Act, 2022 with the following noteworthy features:

• [Analysis of the Audit Requirement] under Income tax provision;
• [In-depth Discussion] on every clause of the tax audit report; Form No. 3CA, 3CB and 3CD
• [Analysis of Guidance Note] released by the ICAI on Tax Audit

The coverage of the book is as follows:

• Audit of Cash Transactions
• Audit of Sale of Immovable Property
• Audit of Share Capital
• Audit of Loans, Deposits and Borrowings Liabilities
• Clauses of Form No. 3CD not relevant/applicable to tax audit for the assessment year 2021-22
• Clauses of Form No. 3CD relevant/applicable to individuals/HUFs who are liable for tax audit u/s 44AB
• Clauses of Form No. 3CD relevant/ applicable to Firms/LLPs/AOPs/BOIs who are liable for tax audit u/s 44AB
• Clauses of Form No. 3CD Relevant/applicable to companies who are liable for tax audit u/s 44AB
• Audit reports/report of accountant, etc. prescribed under Income-tax Rules
• Clauses of Form No. 3CD not applicable to assessees following cash basis of accounting
• Form No. 3CD – Clause wise applicability of income computation and disclosure standards
• Statutory provisions relevant to various clauses of Form No. 3CD