INCOME TAX
Changes in ITR for AY-2019-20 as compared to AY-2018-19
From the Assessment Year 2019-20 and onwards the forms for
filing Income Tax Returns have been changed. There is substantial
amount of additional information is required from specific category
of persons including the persons having 'Capital Gains'
during the financial year. Following is the chart that depicts what
information is required to be disclosed by which category
persons.
AUDIT
SA 720- Auditor's reporting responsibilities on Other
Information included in entity's Annual Report
A. Brief Introduction:
The auditor's opinion on the financial statements does not
cover the other information, nor does. SA 720 (Revised) require the
auditor to obtain audit evidence beyond that required to form an
opinion on the financial statements. As per this SA, other
information defined as financial or non-financial information
(other than financial statements and the auditor's
