Tax Audit in case of Medical Shops.
This query is : Resolved
CA RAJESH GUPTA
(Querist)
24 September 2007
Normally in tax audit of Medical shops it is not practical to give quantitaive detais.Further this facts was also mentioned in the Tax audit Report against point no 28a.of report.
What should be written in ITR-4 against column Quantitaive detais. Whether it is mandatory to give quantitaive detais of pricipal items so traded. whether the return filled will be correct or not, if no quatitaive detais of op stock , purchases , sales , cl stock mentioned in ITR-4
What should be written in ITR-4 against column Quantitaive detais. Whether it is mandatory to give quantitaive detais of pricipal items so traded. whether the return filled will be correct or not, if no quatitaive detais of op stock , purchases , sales , cl stock mentioned in ITR-4
CA RAJESH GUPTA
(Querist)
24 September 2007
Pl reply urgently.
25 September 2007
Its Compulsary not optional
Message likes :
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Ravikumar.G
(Expert)
25 September 2007
They have to compulsarily maintain stock register (For VAT & Income tax). Otherwise in auditor's report it will be qualified.
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