Direct Taxes Committee
The Institute of Chartered Accountants of India
29th April, 2024
Sub: Exposure Draft - 'Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961' for Public Comments
In October, 2023, the Direct Taxes Committee had come out with a Technical Guide on "Reports of Audit under section 12A/10(23C) of the Income-tax Act,1961". This year, we propose to come out with a "Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961" for the benefit of the members, taking the Technical Guide as the base document. Accordingly, the Exposure Draft - 'Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961', has been issued for public comments. The Exposure Draft can be accessed at the link https://resource.cdn.icai.org/80016dtc64148.pdf
Invitation to Comment
Comments are invited on any aspect of this Exposure Draft. Comments are most helpful if they indicate the specific clause of the relevant form/specific paragraph or group of paragraphs to which they relate, contain a coherent rationale, and provide a clear suggestion for the change. Also, comments may be in the form of supplementing any para in the Exposure Draft with any latest relevant case law of any High Court or the Supreme Court.
How to Comment?
The comments on the above mentioned Exposure Draft may be sent at the following link https://docs.google.com/forms/d/e/1FAIpQLSdew-xwPW2mJfeNPZSAj9jreGIc_bUOCTb-N3BSlf9_9aOIKQ/viewform?usp=sf_link latest by 29th May, 2024.
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