Section 269ss & 269 tt
This query is : Resolved
23 June 2016
Respected Sir,
I am confused, please clarify about this section
This section says about maximum outstanding balance at any time during the previous year in Tax Audit Report.
What meaning of at any time. Whether it means maximum closing balance of days or for example
Date Dr Cr Total
01.05.2016 100.00Cr
01.05.2016 10.00Cr 110.00Cr
01.05.2016 3.00Dr 107.00Cr
on date 01.05.2016 What Bal Should be shown in tax audit report it should Rs 110.00 or Rs107.00
Why Rs 107.00 why not Rs 110.00
I am confused, please clarify about this section
This section says about maximum outstanding balance at any time during the previous year in Tax Audit Report.
What meaning of at any time. Whether it means maximum closing balance of days or for example
Date Dr Cr Total
01.05.2016 100.00Cr
01.05.2016 10.00Cr 110.00Cr
01.05.2016 3.00Dr 107.00Cr
on date 01.05.2016 What Bal Should be shown in tax audit report it should Rs 110.00 or Rs107.00
Why Rs 107.00 why not Rs 110.00
Rupesh Jain
(Expert)
23 June 2016
balance at any time you can take bal at the end of the day.
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