Require advice on advicing tax clients
This query is : Resolved
07 December 2008
Hello
I would like to know of what advice do you give your tax clients who come within the purview of Tax Audit regarding maintaining books of accounts?
The accounts are being maintained in Tally.So whether any manual vouchers are required to be made?and under what transactions?
If there are any other tips you have regarding "How do you advice clients on Tax and other related matters"Please share it with me on :
alka_0to0@yahoo.com
Thank you
Alka
Hello
I would like to know of what advice do you give your tax clients who come within the purview of Tax Audit regarding maintaining books of accounts?
The accounts are being maintained in Tally.So whether any manual vouchers are required to be made?and under what transactions?
If there are any other tips you have regarding "How do you advice clients on Tax and other related matters"Please share it with me on :
alka_0to0@yahoo.com
Thank you
Alka
08 December 2008
Following points are important :
1.) For cash payments maintaining vouchers is the best policy.
2.) For clients coming under tax audit, their books are audited and the cash vouchers forms a basis for records checked. So they should maintain vouchers duly authorised and signed.
3.) For Tax advice to clients , their income component , family members and their age are few functions on which tax planning can be done / adviced.
1.) For cash payments maintaining vouchers is the best policy.
2.) For clients coming under tax audit, their books are audited and the cash vouchers forms a basis for records checked. So they should maintain vouchers duly authorised and signed.
3.) For Tax advice to clients , their income component , family members and their age are few functions on which tax planning can be done / adviced.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- REGARDING SECTION 44AE
- Internship/Academic shown in Salary Pay Slip of a Doctor
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
