Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
i am doing tax audit of sima engineering associates.partners are mrs X,Mrs Y,Mrs Z but X,Y,Z look after the business.In bank statement,on 24,25,26,29th march Mr X,Y,Z withdrawn total amount Rs 18,00,000.totally.
They have withdrawn for their personal purposes.money will not come to business again.How to show that amount in accounts so that no problem arises for auditor and client.
They have withdrawn for their personal purposes.money will not come to business again.How to show that amount in accounts so that no problem arises for auditor and client.
CA. Anoop Gadia
(Expert)
08 August 2011
that amount treated ad drawing by the partners.
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