Tax Audit & E-Filing

by CA Kamal Garg

CONTENTS AT A GLANCE

Bharat?	5
Preface to the Fourteenth Edition	7
Detailed Contents	11
Chapter 1 Tax Audit under section 44AB of the Income Tax Act,1961	1
Chapter 2 Specimen Reportable Observations, Comments,Qualifications and Remarks in Tax Audit Report Form 3CA or 3CB	88
Chapter 3 Commonly observed non-compliances in Form 3CA,3CB and 3CD by Taxation Audits Quality Review Board	100

Form 3CD Clause by Clause Analysis

Chapter 4 Clauses 1 to 8A	117
Chapter 5 Clause 9: Details of Firms, LLPs, AOPs	124
Chapter 6 Clause 10: Nature of business or profession	132
Chapter 7 Clause 11: Books of Account	139
Chapter 8 Clause 12: Presumptive Income	152
Chapter 9 Clause 13: Method of Accounting	225
Chapter 10 Clause 14: Method of Stock Valuation	254
Chapter 11 Clause 15: Capital Asset converted into Stock-in Trade	270
Chapter 12 Clause 16: Amounts not credited to Profit and Loss Account	284
Chapter 13 Clause 17: Transfer of Land and/or Building vis-a-vis Section 43CA/50C	311
Chapter 14 Clause 18: Depreciation	325
Chapter 15 Clause 19: Amounts admissible under sections 32AC,33AB, 33ABA, 35, etc.	397
Chapter 16 Clause 20: Bonus/Employees Contribution to PF	453
Chapter 17 Clause 21: Certain Amounts debited to Profit and Loss Account	459
Chapter 18 Clause 22: Amount of interest inadmissible under section 23 of the MSMED Act, 2006	540
Chapter 19 Clause 23: Payments to Specified Persons	553
Chapter 20 Clause 24: Amounts deemed to be profits and gains under section 32AC, 33AB or 33ABA or 33AC	560
Chapter 21 Clause 25: Any amount of profit chargeable to tax under section 41 and computation thereof	563
Chapter 22 Clause 26: Sums covered by section 43B	571
Chapter 23 Clause 27: CENVAT Credit/Prior Period Items	592
Chapter 24 Clause 28 & 29: Implications of Transfers without Consideration	613
Chapter 25 Clause 29A: Advance received on Capital Asset Forfeited	614
Chapter 26 Clause 29B: Income of gifts exceeding `50,000	616
Chapter 27 Clause 30: Amount borrowed or repaid on Hundi, etc.	623
Chapter 28 Clause 30A: Primary and Secondary Transfer Pricing Adjustments	627
Chapter 29 Clause 30B: Thin Cap Adjustments	634
Chapter 30 Clause 30C: GAAR	641
Chapter 31 Clause 31: Acceptance or Repayment of Certain Loans and Deposits	648
Chapter 32 Clause 32: Unabsorbed Loss/Depreciation	668
Chapter 33 Clause 33: Sectionwise details of deductions, if any,admissible under Chapter VIA or Chapter III	709
Chapter 34 Clause 34: Audit of Compliance with TDS Provisions	740
Chapter 35 Clause 35: Quantitative Details	779
Chapter 36 Clause 36: Corporate Dividend Tax	781
Chapter 37 Clause 36A and Clause 36B: Deemed Dividend under section 2(22)(e) and amount received for buyback of shares as referred to in section 2(22)(f)	788
Chapter 38 Clause 37: Cost Audit Report	792
Chapter 39 Clause 38 and Clause 39: Central Excise and Service Tax Audit Report	793
Chapter 40 Clause 40: Accounting Ratios, etc.	795
Chapter 41 Clause 41: Details of Demand Raised or Refund Issued During the Previous Year under any other Tax Laws	798
Chapter 42 Clause 42: Furnishing of Form Nos. 61, 61A and 61B	800
Chapter 43 Clause 43: Furnishing of Country by Country Report(CBCR)	815
Chapter 44 Clause 44: Break-up of total expenditure of entities registered or not registered under GST	818
Chapter 45 Code of Ethics	823