Audit 44AB FY 2021-22

Dear Sir,

it's my first time audit earlier we have filed ITR under section 44AD. Consultent is another state he is asking to send Accepteance and repayment of loans whether Accepteance through cheque,RTGG
or another mode
please suggest how I can prepare the same
Replies (3)
Quick Summary
This discussion addresses the requirements for Audit 44AB for the financial year 2021-22, particularly for first-time auditors transitioning from Section 44AD. It focuses on providing guidance for documenting loan acceptances and repayments, especially concerning cash transactions versus digital methods like cheques or RTGS. The advice includes preparing detailed loan account information from bank statements to satisfy auditor verification.

Give the details as per requirement on plain paper. That is to verify if any loan was accepted or given by cash mode.

Give all details of loans account, whether or not in cash. give all details
Prepare details from bank statement

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