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Quantitative details in ITR
If firm is liable for audit under section 44AB, while filing ITR 5, is it compulsory to fill figures under Part A - QD Quantitative details. Please inform.
Replies (7)
It's mandatory for 44AB Wala business wala assessees.
If in Audit report - number of stock items exceed 20, can we show by grouping items of same nature in ITR?
Follow ICAI guidelines.
Exceeding 20 means how much it is
The data entry will hardly take much time
Exceeding 20 means how much it is
The data entry will hardly take much time
Actually ITR form doesn't allow to enter more than 20 items. can I show by grouping stocks of same nature?
The quantitative details of trading and manufacturing account are required to be furnished in respect of principal items.
under Part A -QD
under Part A -QD
Yes Mr. Sarawgi you hv to fill up all the particulars in PART A QD......
Ok. Thanks! Asked my trp to do the needful, which he was not practicing till date.
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