Annexure - I in tax audit
This query is : Resolved
31 July 2010
In Annexure - I of tax audit report, in part B Sr. No. 16 says Tax provided/Paid in the books. My Query is that what type of taxes included there? Whether TDS is to be added or only advance tax or self assessment tax paid of the previous year or provision made during the year or all of this?
Please reply soon as possible
Please reply soon as possible
31 July 2010
TDS need not be added.
In the case of corporate assessees, provision made in the profit and loss account should be mentioned in clause 16.
Whereas in the case of non corporate assessees,for want of provision in P&l account, sum of advance tax and self assessment tax need only be shown in clause 16.
In the case of corporate assessees, provision made in the profit and loss account should be mentioned in clause 16.
Whereas in the case of non corporate assessees,for want of provision in P&l account, sum of advance tax and self assessment tax need only be shown in clause 16.
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