Reporting Requirements
This query is : Resolved
24 August 2016
Dear Experts
kindly guide me on following issue:-
1.Disclosure required to be given in audit report or elsewhere by statutory and tax Auditor for cash deposit of Rs. 2crore or more by Company.
2. Safeguard for auditor from reporting such transaction.
25 August 2016
the auditor can report the same in his annexure to audit report
In tax audit report, there is a separate item requiring to report such types of transactions.
In tax audit report, there is a separate item requiring to report such types of transactions.
26 August 2016
dear sir plz tell me where i have to report this particular transaction in tax audit report
26 August 2016
I think u r telling to disclose u/s 269SS but under 269SS if such cash deposite if shown as advance then it will not come under that. plz clarify
27 August 2016
Not you tell the entry that is passed in your query
debit Bank account
credit cash........... right?
now tell the cash generation in cash book......how the amount of 2 crore is accumulated in cash book...... please explain.
debit Bank account
credit cash........... right?
now tell the cash generation in cash book......how the amount of 2 crore is accumulated in cash book...... please explain.
10 September 2016
It is advance from customer and customer do not have any issue in disclosing his name and pan. Hence, to safeguard myself as auditor what should i do ? 1. I can disclose it under notes to account . 2. In Audit report i will disclose it after opinion para as emphasis to notes to account
Is it sufficient ?
Is it sufficient ?
12 September 2016
yes, you can do so. No problem.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Agriculture income or business income
- Loan by Partnership Firm
- Suggestions required for income tax filing-software (FY 2025-26)
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
