TMI BlogGuidelines for selection of cases for Desk review by Chartered/Cost AccountantX X X X Extracts X X X X X X X X Extracts X X X X ..... expertise of the Chartered/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 account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Companies Act, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dentifying issues for audit verification 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e should be picked up for such Desk Review. The result of the initiatives taken for the quarter ending December, 2005 may b forwarded to the DG(Audit) by 10.1.2006. The consolidated report to the Board may be forwarded by DG(Audit) by 10.1.2006. 6. Receipt of the circular may be acknowledged. 7. Hindi version will follow. F.No. 224/22/2005-CX-6 (Hemambika R Priya) Director to the Govt. o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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