Is the Auditor required to report the income u/s 41(1)(a) in 3CD, even if the company has declared the same in its P/L?
Is the Auditor required to report the income u/s 41(1)(a) in 3CD, even if the company has declared the same in its P/L?
Thank You so much for the reply.
Can you please also tell how this income should be reported in ITR 6?
Concern being, The amount is already included in the P/L A/c. And when we report the respective amount u/s 41 in the income tax return, it results in double taxation of income. And if we don't, then we receive a proposed adjustment notice.
What should be done?
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