Tax audit ay 2018-19

This query is : Resolved

hardik parasia (Querist)
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04 September 2018 An Individual is into the business of F&O Transactions and is laible for Tax Audit.

Whether tax audit is to be done only for his Business PNL A/c and Balance sheet or for Whole Consolidated Balance Sheet Including his personal Assets and Liabilities

Kindly let me know

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 September 2018 Tax audit is to be done only for his Business PNL A/c and Balance sheet.

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hardik parasia

hardik parasia (Querist)
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07 September 2018 Thanks,
so there is no need to Incorporate Personal Assets & Liabilities like Residential Flat, Car, Housing Loan etc in his Balance Sheet for filing tax audit report?
Kindly let me know..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 September 2018 Yes you are right....

Message likes : 1 times

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