📘 FAQs on Tax Audit | 2025 Edition
✒️ Edited by: Taxmann’s Editorial Board | Language: English | Publisher: Taxmann

FAQs on Tax Audit is a practitioner-oriented, clause-wise handbook that distils the ICAI’s Guidance Note on Tax Audit (Revised 2025) into a practical, question-and-answer format. Covering every reporting requirement in Forms 3CA/3CB/3CD, this book links statutory provisions with procedures, documentation, specimen language, and e-filing steps, making it an indispensable companion for Chartered Accountants and tax professionals.

🔍 Key Features:

• ⚖️ Authoritative Alignment – based on ICAI’s 2025 Guidance Note, ensuring practitioners remain compliant with the latest forms, utilities, and pronouncements.

• 📊 Clause-wise Drill-downs – covers all Form 3CD clauses (Chs. 17–63) with clear "how-to-fill" instructions, cross-referenced to Standards on Auditing (SAs) and ICAI GN-2025.

• 📝 Specimen Engagement Letters – ready-to-use formats for 3CA-3CD and 3CB-3CD audits, with UDIN disclosures, AML safeguards, confidentiality, and management representations.

• 🔑 UDIN Guidance – step-by-step FAQs on UDIN generation, mandatory fields, per-assignment rules, and disclosures in engagement letters.

• ⏳ Cap on Audits—Old vs. New Regime – clarity on the Council’s 2008 Guidelines (operative till 31-03-2026) vs. 2025 Guidelines effective from 01-04-2026.

• 📚 Case-Law Integration – judicial references interwoven with clause-specific commentary (e.g., treatment of reimbursements, classification nuances).

• 🧾 Utility-First Coverage – detailed guidance on tricky clauses like:

  • Clause 11 (Books & Documents)

  • Clause 32(e) (Speculation Business)

  • Clause 34(a)/(b) (TDS/TCS)

  • Clause 42 (SFT filings under Forms 61/61A/61B)

  • Clause 44 (GST-wise Expenditure)

• 🆕 Updated Content – reflects amendments, guidance, and judicial interpretations till 30th August 2025.

📑 Coverage Includes:

• Applicability & thresholds under Section 44AB

• Qualifications & disqualifications of tax auditors

• Audit report formats (3CA/3CB) & ‘specified date’ filing cut-off

• Standards on Auditing & responsibility paragraphs (SA-700 style)

• Clause-by-clause analysis of Form 3CD reporting

• Appendices with key provisions of the Income-tax Act

🎯 Recommended For:

• Chartered Accountants handling 44AB audits (corporate & non-corporate)

• Audit partners, managers & articled assistants seeking clause-wise clarity

• CFOs, controllers & finance heads managing compliance & disclosures

• Internal auditors & compliance teams aligning audit & reporting

• Academics & students needing a structured, GN-based reference

This 2025 Edition of FAQs on Tax Audit is a workflow-oriented, form-linked handbook, ensuring that practitioners can interpret, document, and file tax audits with confidence and ICAI compliance.