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Lecture 66: What is tax audit report, Form 3CA, 3CB and 3CD? What to check in audit report as banker 

CA Ankush Jain
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What is tax audit report and what purpose does it serve for income tax department and to a bank?
As a banker, why do we take tax audit report? How do we do analysis of audit report and what are the key points that we check in the audit report of the CA's?
Practically learn all about it and also additionally learn how to verify the GST number of the firm online on the GST portal. In addition to this, learn the importance of UDIN mandated by Institute of chartered accountants of India and how do we verify the UDIN online on the ICAI website.
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#NEWCHANGESINCOMETAX2022 #INCOMETAXUPDATES2020 #INCOMETax #TRENDINGININCOMETAX #ITR #TDS #Taxaudit #form3CD #IncomeTax

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5 сен 2024

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Комментарии : 88   
@ca.rahulkumarrathod9587
@ca.rahulkumarrathod9587 2 года назад
Dear sir, you have well explained what clauses of form 3CD are relevant for bankers. Form 3CA & 3CB are the tax audit report. Form 3CA is to be issued in the case of the corporate assessee whereas Form 3CB is to be issued in the case of the Non-corporate assessee. Thank you 🙏 for sharing your knowledge & expertise without charging a single penny.
@AnkushJain
@AnkushJain 2 года назад
Your welcome Rahul
@godheadkrishnaslove7414
@godheadkrishnaslove7414 2 года назад
Thankyou sir☺️ Today Whole Sunday I'm watching your video...and adding value in my life ☺️🙏
@AnkushJain
@AnkushJain 2 года назад
That's amazing. Make sure you take appropriate pauses so that overlapping doesn't happens 👍
@godheadkrishnaslove7414
@godheadkrishnaslove7414 2 года назад
@@AnkushJain sure sir☺️
@AnkushJain
@AnkushJain 2 года назад
👍
@arvindsharma6752
@arvindsharma6752 2 года назад
The way of explaining is superb 👌..
@AnkushJain
@AnkushJain 2 года назад
Thank you Arvind
@sumeetthakur7786
@sumeetthakur7786 Год назад
Thanks a lot for sharing this valuable knowledge........ ❤❤❤❤❤❤❤❤❤❤❤.. GOD BLESS YOU
@AnkushJain
@AnkushJain Год назад
Thank you
@yuvrajshisode2729
@yuvrajshisode2729 2 года назад
Sir thank you, the quality of content is amazing. I have also undertaken CA Rajas courses.. However his lecture on audit is no way close to yours.. I find your lectures way to practical in daily life.. Awaiting your next lecture. Blessed to have teacher like you.
@AnkushJain
@AnkushJain 2 года назад
Thank you Yuvraj for complements
@anurag1271
@anurag1271 Год назад
Thanks dear Ankush Sir.. Your all video are really truly commendable... I hatts off to your video and your explanation pattern... Regards.....Anurag Singhal..
@AnkushJain
@AnkushJain Год назад
Thank you
@gayantiwary1769
@gayantiwary1769 11 месяцев назад
Very knowledgeable video sir thank u
@AnkushJain
@AnkushJain 11 месяцев назад
Thank you
@Commerceconcept666
@Commerceconcept666 Месяц назад
Sir credit manager ke interview k liya videos Bna do ager possible ho to
@AnkushJain
@AnkushJain Месяц назад
@@Commerceconcept666 interview questions ka video already bnaya hua hai
@Commerceconcept666
@Commerceconcept666 Месяц назад
@@AnkushJainkon se m h sir playlist sir
@Foodmonk85
@Foodmonk85 2 года назад
Great video - It would help me as i am a new BCM 🔥
@AnkushJain
@AnkushJain 2 года назад
👍
@anirban28
@anirban28 2 года назад
lets explain a topic reagarding foir ratio
@AnkushJain
@AnkushJain 2 года назад
Ok
@monukumar07
@monukumar07 2 года назад
Make a video on probe report and perfios..
@AnkushJain
@AnkushJain 2 года назад
👍
@Durga0504
@Durga0504 11 дней назад
Corpository also
@TheSuresh2022
@TheSuresh2022 2 года назад
Thanks sir, waiting for this lacture since long..👍🙂
@AnkushJain
@AnkushJain 2 года назад
👍
@manishact
@manishact 2 года назад
Great work Aukush Ji.
@AnkushJain
@AnkushJain 2 года назад
Thank you 👍
@Sharedare
@Sharedare 2 года назад
Really great teacher...👍❤️
@AnkushJain
@AnkushJain 2 года назад
Thank you
@MDVaashir
@MDVaashir Год назад
Make a video on the Excel KIT prepared by Credit Analysts that is sent to credit managers.
@AnkushJain
@AnkushJain Год назад
Ok
@VIKASHKUMAR-ch4fn
@VIKASHKUMAR-ch4fn 2 года назад
Great 👍🏻
@AnkushJain
@AnkushJain 2 года назад
Thank you
@user-dn3xl8vq7b
@user-dn3xl8vq7b 2 года назад
Namskar sirji......again video toofani h sirji
@AnkushJain
@AnkushJain 2 года назад
Thank you Pawan
@surbhimaheshwari3045
@surbhimaheshwari3045 2 года назад
Pls make video on analysis interpretation on tax audit report
@AnkushJain
@AnkushJain 2 года назад
Ok surbhi
@MONUKUMAR-xu7xg
@MONUKUMAR-xu7xg 11 месяцев назад
Hiii Ankush, As You know at present Tax Audit is not applicable for upto 10 Crore Turnover in case Max 5% transaction is through cash and rest 95% is through Banking channel. Please clarify do we need to take CA Certificate mandatorily to certify non-applicability of Tax Audit Report as in some cases, Borrower gave the CA certificate but in some cases we are not able to get the CA certificate, How to proceed further.
@AnkushJain
@AnkushJain 11 месяцев назад
We are taking CA certificate only for such cases
@MONUKUMAR-xu7xg
@MONUKUMAR-xu7xg 11 месяцев назад
@@AnkushJain What if we don't get CA certificate due to any reason, whats the solution available
@MONUKUMAR-xu7xg
@MONUKUMAR-xu7xg 11 месяцев назад
Pls reply
@AnkushJain
@AnkushJain 11 месяцев назад
Nothing else comes to my mind except for borrower undertaking. Although ca certificate should be taken.
@MONUKUMAR-xu7xg
@MONUKUMAR-xu7xg 11 месяцев назад
@@AnkushJain Okay I will put pre-disbursement Condition for CA certificate in this case provided business team agrees to the same
@viveksen9447
@viveksen9447 2 года назад
Very nice video, please create video how to pd with customer?
@AnkushJain
@AnkushJain 2 года назад
Thank you Vivek. PD point will be covered in last since first I want to clear all the underwriting concepts to people. I am making video in a defined sequence
@viveksen9447
@viveksen9447 2 года назад
Ok sir
@swapnilg3545
@swapnilg3545 Год назад
Adverse Remarks of auditor also needed to check
@AnkushJain
@AnkushJain Год назад
Yeah it is called qualified opinion
@DEVOTIONALSLOKAS0414
@DEVOTIONALSLOKAS0414 Год назад
Hi Ankush Tax audit report is applicable for any turnover cap
@AnkushJain
@AnkushJain Год назад
No there are separate provisions for this under section 44ab
@DEVOTIONALSLOKAS0414
@DEVOTIONALSLOKAS0414 Год назад
@@AnkushJain Tax audit applicable for companies TO more then Rs. 1 crore
@user-sw9xs5in1n
@user-sw9xs5in1n 2 года назад
Sir,Is it mandatory to mention udin and sign of CA on CB form and cd form both
@AnkushJain
@AnkushJain 2 года назад
Yes it is mandatory
@user-sw9xs5in1n
@user-sw9xs5in1n 2 года назад
Sir please provide video on 3CA form as well 🙏
@AnkushJain
@AnkushJain 2 года назад
Ok I will explain in first 5 minutes in next video
@yogendradevrajsingh8149
@yogendradevrajsingh8149 2 года назад
Could you make a video anyalsying loan assessment on Industry wise.
@AnkushJain
@AnkushJain 2 года назад
Hi yogendra, can u elaborate in detail on exactly what details are u seeking
@yogendradevrajsingh8149
@yogendradevrajsingh8149 2 года назад
@@AnkushJain Sir Like , How we analysing the Jwellers , Food grain industry, Contractor profile .
@AnkushJain
@AnkushJain 2 года назад
Ok understood. Have noted your point.
@nareshz999
@nareshz999 Год назад
which firms comes under audit? is it depends on sales? Any guidelines
@AnkushJain
@AnkushJain Год назад
It is dependent on sales and profitability. Section 44 of income tax act contains the provisions
@nareshz999
@nareshz999 Год назад
@@AnkushJain sir make plz a short video...I am not able to understand this section 44.
@nareshz999
@nareshz999 Год назад
mainly sole proprietorship, partnership and llp firms
@AnkushJain
@AnkushJain Год назад
Ok
@AnkushJain
@AnkushJain Год назад
Ok
@virojamk
@virojamk Год назад
Sir please share link of video how to analyse audit report for calculating the loan amount applicable to firm
@AnkushJain
@AnkushJain Год назад
Could not get your point. How audit report will help for calculating loan amount?
@nsd1001
@nsd1001 Год назад
Hi sir at 20:44 you said if stock is overstated, then profits are overstated.. but won't the profit be understated if cost of stock is higher?
@AnkushJain
@AnkushJain Год назад
I am talking about closing stock here. Higher the closing stock the more will be gross profit and resultant net profit
@nsd1001
@nsd1001 Год назад
@@AnkushJain thanks for ur reply sir..so u mean client will keep opening stock at cost and closing at market value so that cogs will be lower?
@AnkushJain
@AnkushJain Год назад
No, not like this. Usually in latest financials. So that bank can see higher profits in latest results
@nsd1001
@nsd1001 Год назад
@@AnkushJain got it sir thank you so much
@AnkushJain
@AnkushJain Год назад
👍
@dschauhan52
@dschauhan52 2 года назад
Sir jaise Gst verify kar tey hai bina useid & Password liye, waise Itr filling bhi verify kar saktey hai kya .. customer aapna password share nhn karna chahta
@AnkushJain
@AnkushJain 2 года назад
No we can not. There is a separate team in every bank to do so.
@rupalimalviya8391
@rupalimalviya8391 26 дней назад
Bina id paswd k gst kaise verify karte ho bhai ? Id paswd leke hi to karte hoge na ? Correct me.
@heenalketanshah7076
@heenalketanshah7076 Год назад
Sir please use a mic
@AnkushJain
@AnkushJain Год назад
Yeah i am using it in all my latest videos now
@PATRICX2000
@PATRICX2000 2 года назад
Yeh form Kisko Bharna Padega sir Ca Ko ya Jo income tax Bharega usko
@AnkushJain
@AnkushJain 2 года назад
CA ko
@Foodmonk85
@Foodmonk85 2 года назад
I would definitely promote your videos on my channel
@AnkushJain
@AnkushJain 2 года назад
Thank you
@MrDM-xs3xu
@MrDM-xs3xu Месяц назад
Yrr ye CA log ke dimaag me itna data kaise store ho pata hai 😅
@AnkushJain
@AnkushJain Месяц назад
Hahahha 🙏🙏
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