Auditing & Income Tax

Contents

1. Audit Procedure

1.1 Auditing

1.2 Audit planning and Documentation

1.3 Vouching test checking

2. Auditor and company Act

2.1 Features of Company Audit

2.2 Audit report and Certificate

3. Basic Provision of Income Tax

3.1 Definition, Concept of Income

3.2 Residential status

3.3 Resident and Tax liability

3.4 Distinction between capital and revenue receipts

3.5 Deduction under chapter VI-A u/s 80c, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80U

3.6 Income from Salaries, Computation of Taxable income from Salary

4. Heads of Income Tax

4.1 Income Exempt from Tax

4.2 Income from House Property

4.3 Income from Other Sources income from other sources (residual head of income)

4.4 PAN and TAN