Tax Audit & E-Filing

by CA Kamal Garg

CONTENTS AT A GLANCE

Bharat?	5
Preface to the Second 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	86
Chapter 3 Commonly observed non-compliances in Form 3CA, 3CB and 3CD by Taxation Audits Quality Review Board	98

Form 3CD Clause by Clause Analysis

Chapter 4 Clauses 1 to 8A	115
Chapter 5 Clause 9: Details of Firms, LLPs, AOPs	122
Chapter 6 Clause 10: Nature of business or profession	130
Chapter 7 Clause 11:Books of Account	137
Chapter 8 Clause 12: Presumptive Income	150
Chapter 9 Clause 13: Method of Accounting	223
Chapter 10 Clause 14: Method of Stock Valuation	252
Chapter 11 Clause 15: Capital Asset converted into Stock-in Trade	268
Chapter 12 Clause 16: Amounts not credited to Profit and Loss Account	282
Chapter 13 Clause 17: Transfer of Land and/or Building vis-à-vis Section 43CA/50C	309
Chapter 14 Clause 18: Depreciation	323
Chapter 15 Clause 19: Amounts admissible under sections 32AC, 33AB, 33ABA, 35, etc.	395
Chapter 16 Clause 20: Bonus/Employees Contribution to PF	451
Chapter 17 Clause 21: Certain Amounts debited to Profit and Loss Account	457
Chapter 18 Clause 22: Amount of interest inadmissible under section 23 of the MSMED Act, 2006	538
Chapter 19 Clause 23: Payments to Specified Persons	549
Chapter 20 Clause 24: Amounts deemed to be profits and gains under section 32AC, 33AB or 33ABA or 33AC	556
Chapter 21 Clause 25: Any amount of profit chargeable to tax under section 41 and computation thereof	559
Chapter 22 Clause 26: Sums covered by section 43B	567
Chapter 23 Clause 27: CENVAT Credit/Prior Period Items	588
Chapter 24 Clause 28 & 29: Implications of Transfers without Consideration	609
Chapter 25 Clause 29A: Advance received on Capital Asset Forfeited	610
Chapter 26 Clause 29B: Income of gifts exceeding `50,000	612
Chapter 27 Clause 30: Amount borrowed or repaid on Hundi, etc.	619
Chapter 28 Clause 30A: Primary and Secondary Transfer Pricing Adjustments	623
Chapter 29 Clause 30B: Thin Cap Adjustments	630
Chapter 30 Clause 30C: GAAR	637
Chapter 31 Clause 31: Acceptance or Repayment of Certain Loans and Deposits	644
Chapter 32 Clause 32: Unabsorbed Loss/ Depreciation	664
Chapter 33 Clause 33: Sectionwise details of deductions, if any, admissible under Chapter VIA or Chapter III	705
Chapter 34 Clause 34: Audit of Compliance with TDS Provisions	736
Chapter 35 Clause 35: Quantitative Details	789
Chapter 36 Clause 36: Corporate Dividend Tax	791
Chapter 37 Clause 36A: Deemed Dividend under section 2(22)(e)	798
Chapter 38 Clause 37: Cost Audit Report	802
Chapter 39 Clause 38 and Clause 39: Central Excise and Service Tax Audit Report	803
Chapter 40 Clause 40: Accounting Ratios, etc.	805
Chapter 41 Clause 41: Details of Demand Raised or Refund Issued During the Previous Year under any other Tax Laws	808
Chapter 42 Clause 42: Furnishing of Form Nos. 61, 61A and 61B	810
Chapter 43 Clause 43: Furnishing of Country by Country Report (CBCR)	825
Chapter 44 Clause 44: Break-up of total expenditure of entities registered or not registered under GST	828
Chapter 45 Code of Ethics	833
Appendix 1 Income Tax Portal and e-Filing of Tax Audit Report	901