Guidelines for selection of cases for Desk review by Chartered/Cost Accountant

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....hartered/Cost Accountants can be availed in the process of Desk review being conducted by the Department. The services of Chartered/Cost Accountants would be paid at the rate of Rs. 5000/- per day with service tax and other Government dues being extra. Their services are to be used in an advisory capacity only for cases of audit of very large assessees having complicated accounting systems and vol....

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.... 1956; the Income Tax audit report under Section 44AB of the Income Tax Act, 1961, annual financial statements such as the Balance Sheet, Trial Balance, Profit and Loss Account etc., Form 3 CD, Internal Audit Report, Income Tax Return and the departmental auditors find it difficult to use the information contained in any of these statements. Assessees who have filed their ER 5 and ER 6 Returns or ....

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....erification on this basis. They can also be used for scrutinising the Balance Sheets, Profit & Loss A/c, Annual Report, Income Tax Audit Reports or any other return filed the other authorities in complicated cases for identifying issues for inclusion in the Audit Plan. Their services can also be used for derivation of unit-wise (i.e. factory wise) financial information from consolidated accounts i....