Tax Audit: Its Intro, applicability, manner of filing, forms of report, and Part-A of Form 3CD

Income-tax law requires the assessee to get his books of accounts audited in pursuance of the requirement under Section 44AB of The Income Tax Act, 1961. The Chartered Accountant conducting the tax audit is required to give his findings, observations, etc., in the form of an audit report at the e-filing portal of Income-tax in Form No. 3CA/3CB and 3CD. In this story, we would discuss the reporting requirement of each clause, that are contained in Part A of Form 3CD.

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