ICAI “Implementation Guide” on Revised Tax Audit Report in Form 3CD – Implementation Guide w.r.t. Notification No. 33/2018 Dated 20-07-2018 effective from 20-08-2018
Recently, the CBDT vide Notification No. 33/2018 dated 20thJuly, 2018 has made revisions to Form No. 3CD wherein it requires additional requirements to be reported. The additional inclusions in the said form has increased the scope of tax audit significantly and requires various additional procedures to be performed with due diligence before reporting on these additional requirements.
The Institute of Chartered Accountants of India (ICAI) as a partner in nation building is always ready to understand and implement the changes in laws concerning the fraternity and does so at the earliest and enables its members to be fully geared up to implement the changes and stand besides the stakeholders including tax payers.
I am glad that in view of the importance of the matter the Direct Taxes Committee of ICAI has proactively taken an initiative of bringing out the “Implementation Guide on the Amendments ma
de vide Notification No. 33/2018 dated 20th July, 2018” by the CBDT and effective from 20thAugust, 2018 to enable the stakeholders and our members to implement the changes in the best possible manner in the available time.
You can download the complete implementation Guide in PDF format here.