Clause 42 and Clause 43 of the Tax Audit Report as prescribed under Form 3CD of the Income-tax Rules, 1962, are designed to ensure comprehensive […]
ICAI
Calculating Turnover for Derivatives in Tax Audit: A Complete Guide
In the context of income tax compliance in India, a tax audit is a significant requirement mandated under Section 44AB of the Income-tax Act, 1961. […]
Clause 32 to 34 Explained: Tax Audit Insights Based on ICAI Guidelines
Clause 32(a) of the Tax Audit Report in Form 3CD requires disclosure of the brought forward losses or depreciation allowance to the extent available. The […]