Audit Reports

The Income Tax Act, 1961 (Act) contains several provisions which mandate the assessees to furnish audit reports and certificates issued by the 'Accountant' in the prescribed Form for meeting the specific objectives. Tax audit under Section 44AB...

Income Tax Act, 1961, (Act) lays down diverse provisions on depreciation and/or amortisation for tax purposes as deduction to an assessee/ a company in the course of its business with the intention for promoting economic growth within the Country....

Partnership Firms (Firms) along with Association of Persons (AOPs) and Body of Individuals (BOIs) constitute one of the major businesses apart from the corporate sector in India. Firms are governed by India Partnership Act, 1932. The Income Tax Act, ...

The report contains 26 paragraphs and involving Rs. 1,351.74 crore relating to non/short levy of taxes, interest, penalty, etc., and a performance audit on functioning of Registration and Stamps department including Information Technology (IT) audit ...

This Audit Report has been prepared in six chapters. Chapters I to V deal with Social, Economic, State Public Sector Undertakings, Revenue and General Sectors and Chapter VI deals with Follow up of Audit observations. This Report contains 23 audit...

Performance Audit was conducted on the functioning of Directorate of Mines and Geology in Andhra Pradesh to ascertain whether the systems and procedures for approval/renewal of mineral concessions were as per the prescribed rules/regulations and...

This Report comprises of three chapters containing audit findings pertaining to Social, General and Economic Sectors (Non-PSUs); Revenue Sector; and Social & Economic Sector (PSUs).There are four Performance audits on National Rural Health...

This Report contains 56 paragraphs including one Performance Audit on Working of Stamps and Registration Department relating to short/non-levy of tax, duty and interest, penalty etc. involving financial effect of RS 857.95 crore. The...

The Report contains 21 paragraphs including two performance audits relating to non/short levy of taxes, interest, penalty, etc., involving RS 549.40 crore. The total receipts of the State during 2011-12 were RS 85,202.14 crore, comprising tax...

This Audit Report has been prepared in six; chapters. Chapters I to V deal with Social, Economic, Economic (Public Sector Undertakings), Revenue and General Sectors and Chapter VI deals with Follow up of Audit observations. This Report contains 24...