1. Can a audit report be signed on 30th september
2. 269T applicability - 19000 cash loan, 2000 interest paid by cash, directly booked as interest and not routed through ledger account
3. A prop. concern have one jewellery business and one pawn broking business. Can he opt for mercantile for first and cash for second?
4. As per latest guidance note issued by ICAI on audit - can we qualify the non availability of details on stock
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Query- direct tax
Replies (1)
Dear Geetha,
1. Sign. date/audit completion date should be before 30th sept. but the same can be furnished to the Dept. on 30th sept. also.
2. Are you paying only interest? not loan? if yes, then same is allowed, because 269T is for loan only.. and if you are paying interest and loan both.. then, the same is disallowed.. no effect would "the routing of same through interest, not through ledger......" etc. will make...
3. should be yes...
4. can't understand the query.... are you asking with regard to "guidance note on tax audit" or else.. e.g. "Guidance Note on Audit of Inventories" etc... please clarify...
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
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