Query on sec. 145 a working in the tax audit report (clause

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CA Abhijeet N. Bobade (Querist)

25 September 2011 Query on Sec. 145 A working in the Tax Audit Report (Clause 12)
Most of us are ignorant about the working of this provision and no
text book or article gives any suitable illustration on this
complicated subject. Everybody talks about this but without giving
any concrete solutions. Please I too request all the members give us a
suitable illustration and show us how the computation of income is
prepared whenever there is a change, also give us suitable examples
when ever the duties or taxes were paid immediately in the next months
of April and May, and method of working deduction under 43B.

Please this needs an urgent attention.

Regards,
CA Abhijeet N. Bobade
Pune

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

25 September 2011 145A adjustments has to done out of the books ( in tax computation statement). Illustrations are available ICAI's "Guidance note on Tax Audit u/s 44AB of the Income tax Act,1961".

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