Point No. 9 of ITR 4 / 5 : Disallowance for Payment to Relatives U/s 40A (2) : As per said section, AO has to disallow the payment to relatives, if it is in excess payment.. How an auditor can verify the same
AS AUDITOR ONE HA TO HAVE GENERAL KNOWLEDGE OF BUSINESS & ECONOMIC SCNARIO .AUDIITOR MUST APPLY THE MIND TO JUDGE THE TIME REQUIRED TO DO THE RESPONSIBILTY POSED , SKILL REQUIRED TO PERFORM THE DESIRED JOB , QUALIFICATION OF PERSON PERFORMING THE DESIRED JOB , FURTHER CHARGES THAT MAN OF SAME COMPETENCE WOULD CHARGE IF SAME REPONSIBILITY IS DISCHARGED BY IT .HIKE IN INDUSTRY
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