Clause 13 of Tax Audit – Points to be reported -Difference between ICDS Vs Accounting Standards
ICDS were issued and implemented w.e.f FY 2016-17 by the Government of India in exercise of the power conferred to it under 145(2) of Income Tax Act, 1961. In order to ensure adequate compliance, Form 3CD was amended by insertion of Clause 13 for the Tax Auditor to verify the compliance. Clause 13 (d) to …