17 October 2017
Hi, Kindly help me in these point of audit report. {a}* Particulars of each loan or deposit in an amount exceeding : the limit specified in Section 269SS taken or accepted during the previous year :-
{i} name, address and permanent account number {if : available with the assessee} of the lender or depositor;
{ii} amount of loan or deposit taken or accepted; :
{iii} whether the loan or deposit was squared up : during the previous year;
{iv} maximum amount outstanding in the account at : any time during the previous year;
{v} whether the loan or deposit was taken or : accepted by cheque or bank draft or use of electronic clearing system through a bank account.
{vi} in case the loan or deposit was taken or accepted by cheque or bank draft, whether the same was taken or accepted by an account payee cheque or an account payee bank draft.
* {These particulars need not be given in the case of a Government company, a banking company or a corporation established by a Central, State or Provincial Act. }
{b}* Perticulers of each specified sum in an amount exceeding the : limit specified in sec. 269SS taken or accepted during the previous year :-
{i} Name, address and permanent account number {if : available with the assessee} of the person from whom specified sum is received; : {ii} amount of specified sum taken or accepted; : {iii} whether the specified sum was taken or accepted by cheque or bank draft or use of electronic clearing system through a bank account; :
{iv} in case of specified sum was taken or accepted by cheque or bank draft, whether the sam was taken or accepted by an account payee cheque or an account payee bank draft.
* {These particulars need not be given in the case of a Government company, a banking company or a corporation established by a Central, State or Provincial Act. }
{c}* Particulars of each repayment of loan or deposit or any : specified advance in an amount exceeding the limit specified in section 269T made during the previous year:-
{i} name, address and PAN (if available with the : assessee) of the payee;
{ii} amount of the repayment; :
{iii} maximum amount outstanding in the account at : any time during the previous year;
{iv} wether the repayment was made by cheque or bank : draft or use of electronic clearing system through a bank account;
{v} in case the repayment was made by cheque or bank : draft, whether the same was taken or accepted by an account payee cheque or an account payee bank draft.
{d}* Particulars of repayment of loan or deposit or any specified : advance in an amount exceeding the limit specified in section 269T received otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account during the previous year :-
{i} name, address and PAN ( if available with the : assessee ) of the lender, or depositor or person from whom specified advance is received;
{ii} amount of loan or deposit or any specified advance : received otherwise than by a cheque or bank draft or use of eletronic clearing system through a bank account during the previous year.
{e}* Particulars of repayment of loan or deposit or any specified : advance in an amount exceeding the limit specified in sec. 269T received by a cheque or bank draft which is not an account payee cheque or account payee bank draft during the previous year :-
{i} name, address and PAN ( if available with the : assessee ) of the lender, or depositor or person from whom specified advance is received;
{ii} amount of loan or deposit or any specified advance : received by a cheque or a bank draft which is not an account payee cheque or account payee bank draft during the previous year.
* {Particulars at (c), (d) and (e) need not be given in the case of a repayment of any loan or deposit or any specified advance taken or accepted from the Government, Government company, banking company or a corporation established by the Central, State or Provincial Act}.
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