Tax audit

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2011 Proprietorship
In Tax Audit Annexure I - Taxes on Income paid/provided for in the books - Should i reflect advance tax as per books or as per Form 26AS which i have claim in my Tax return.

CA Navin Jain

CA Navin Jain (Expert)
Follow

22 November 2011 amount of provision of income tax to be shown

CA Mahesh Vekariya

CA Mahesh Vekariya (Expert)
Follow

22 November 2011 Hello Dear,

Not only the provision of Income tax but also the amount of TDS Recievable (credit) to be shown.

Explanation: TDS Recievable is also a paid Income tax and also wording of the clause 16 of Annex.1 is "Taxes on Income Paid/ Provided for in the books"

CA Vekariya Mahesh