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Clause 34(b) Tax audit report
assessee file tds return within time but subsequent during the audit there is a one transection on which tds not deducted same assessee deduct and paid but revised return is pending, is it required to report the transection in clause 34(b) if yes then how. please clarify on the issue.
Replies (3)
An auditor should obtain the receipts/acknowledgment of TDS / TCS Statement filed by the assessee during the year. Also, verify the returns are filed within the due dates specified under the Act. Mention yes if there is no such transaction and no if there is any such kind of transaction.
One transaction is pending to report in Return( revised return pending) then required to report under this clause
Need to disallow the expenses in IT computation .
And it can be allowed in the year of payment & filing
And it can be allowed in the year of payment & filing
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