Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Professional Updates »
Open DEMAT Account in 24 hrs
 Taxpayers alert! Major changes made in ITR-1 for AY2024-25
 Important Announcement for September 2024 CA Examinations
 Inviting Public Comments on Review of Rules specified under the Chartered Accountants Act, 1949
 Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 1)
 Observations of the candidates on the question papers of CA examinations- May - 2024
  Applicants of MEF 2023-24 - Additional Information Form
 Exposure Draft - 'Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961' for Public Comments
 Reopening of Online Empanelment of Members to act as Observers for May/June 2024 Examination upto 27th April 2024 at 11.59 PM
 Cut-off date for enrollment in Foundation /Intermediate Course for appearing in September 2024/ January, 2025 Examinations.
 Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects
 Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-C & Set-D)
 India to be Accounting and Finance Hub : Invitation for Comments/Suggestions: Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations 2024
  Auditing and Assurance Standards Board - Online Panel of Experts for addressing Bank Branch Audit related queries
 Board of Internal Audit and Management Accounting of ICAI is organizing Webinar on "Identifying Red Flags and Report Writing by Internal Auditors" - March 27,
 Revised Applicability of Peer Review Mandate (Phase II & III)

Exposure Draft - 'Guidance Note on Reports on Audit under Section 12A/10(23C) of the Income-tax Act,1961' for Public Comments
April, 30th 2024
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.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting