Reporting under FORM 3CD – A READY RECKONER by CA. KAMAL GARG – 3rd Edition 2025

Description

Chapter 1       Tax Audit – An Introduction

Chapter 2       Form 3CA and Form 3CB – An Analysis

Chapter 3       Form 3CD — Ready Reckoner

Chapter 4       Draft Disclosure Requirements for Clause 13(f) of Form 3CD

Chapter 5       Tax Audit Engagement Letter

Chapter 6       Income Computation & Disclosure Standards

1. Income Computation and Disclosure Standard I relating to accounting policies
2. Income Computation and Disclosure Standard II relating to valuation of inventories
3. Income Computation and Disclosure Standard III relating to construction contracts
4. D.Income Computation and Disclosure Standard IV relating to revenue recognition
5. Income Computation and Disclosure Standard V relating to tangible fixed assets
6. Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates
7. Income Computation and Disclosure Standard VII relating to government grants
8. Income Computation and Disclosure Standard VIII relating to securities
9. Income Computation and Disclosure Standard IX relating to borrowing costs
10. Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets

Circular No. 10/2017, dated 23-3-2017: Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961

Chapter 7       Income Computation and Disclosure Standards vis-à-vis Judicial Precedents

Chapter 8       ICDS (Revised) v AS

Chapter 9       ICDS (Revised) v Ind AS

Annexure 1    Audit report under section 44AB of the Income-tax Act, 1961, in a case where the accounts of the business or profession of a person have been audited under any other law

Annexure 2    Audit report under section 44AB of the Income-tax Act, 1961, in the case of a person referred to in clause (b) of sub-rule (1) of rule 6G

Annexure 3    Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961