Responsibilty
This query is : Resolved
22 July 2011
Dear Experts,
In case a client who is not attracted to maintain the books of accounts and tax audit under income tax act,1961.In such a case what responsibility will be there on the person who is filing income of that client(i.e.,Can a person can file his return based on oral info given by the client or else we have to taken any written info from the client.
In case a client who is not attracted to maintain the books of accounts and tax audit under income tax act,1961.In such a case what responsibility will be there on the person who is filing income of that client(i.e.,Can a person can file his return based on oral info given by the client or else we have to taken any written info from the client.
24 July 2011
Dear Prashanth,
Even if a person is not required to maintain books of accounts or carry out tax audit under IT Act, he/she is required to maintain some minimum details in order to enable him/her to carry on business and to file IT Return, for e.g., details of sales, purchases, debtors, creditors, cash and bank etc.
Hence, you should ask the client to maintain this minimum detail in order to enable you to file IT Return.
Even if a person is not required to maintain books of accounts or carry out tax audit under IT Act, he/she is required to maintain some minimum details in order to enable him/her to carry on business and to file IT Return, for e.g., details of sales, purchases, debtors, creditors, cash and bank etc.
Hence, you should ask the client to maintain this minimum detail in order to enable you to file IT Return.
Message likes :
1 times
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
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Change Of Karta In Case of Death
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
