Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2015
Dear experts
is it mandatory to report the debtors & creditors list in tax audit report,
plz confirm.......
is it mandatory to report the debtors & creditors list in tax audit report,
plz confirm.......
CA Mehta Ankur N.
(Expert)
29 September 2015
Yes ,it is mandatory to show debtors & creditors list in tax audit report in balance sheet part.
Amol S Joglekar
(Expert)
29 September 2015
It can NOT be said to be MANDATORY.
But yes, it is HIGHLY recommendatory to give the list.
Can you please any specific reference to your query...it seems that this ARGUMENT is going on for quite some time at your end... Please share your views as well.
But yes, it is HIGHLY recommendatory to give the list.
Can you please any specific reference to your query...it seems that this ARGUMENT is going on for quite some time at your end... Please share your views as well.
CA Mehta Ankur N.
(Expert)
30 September 2015
Amol Bhai, but if we do not show debtors & creditors list our report will not showing true & fair view. As per ICAI Guidelines we have to take confirmation as well, but if we dont do so & give our note that it is subject to confirmation. So i feel its like mandatory only.
Amol S Joglekar
(Expert)
30 September 2015
"Mandatory" view is also appreciable.
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