Workshop on practical and legal issues in tax audit

Tax audit is something which is very close to a Chartered Accountant (‘CA’) as it remains in the exclusive domain of a CA. The Income-tax Department also heavily rely upon the information furnished by the CA in the tax-audit report. As a result, Form 3CD undergoes constant changes so as to get more and more relevant information for the Department.

It becomes imperative for a CA to understand the requirement of reporting under various clauses of the tax audit report in this increasing complex environment involving ICDS, GST etc. Also, the law keeps on evolving with new judgments cropping up on various issues that are required to be reported in the tax audit report. Further, the challenges faced by professionals on account of Covid-19 and the business remaining closed for three months makes the tax audit assignment more challenging and invite different approach to conclude the audit efficiently.

With a view to refresh ourselves and also to address the challenge of collecting details for audit in view of movement restrictions and social distancing, the Direct Tax Committee has organized a workshop for clause-by-clause analysis of the Tax audit report. The workshop comprises of two sessions, program details being as under.