Where do we need to report the salary income while doing the tax audit ?
Also reporting of gifts from relatives need to reported in tax audit?
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Salary Income Reporting in Tax Audit
Replies (2)
Salary income is a part of computation of income
and gifts from relatives will report in form 3cd under section 40a(2)b of related party transactions
and gifts from relatives will report in form 3cd under section 40a(2)b of related party transactions
There will be a section where it asked to report incomes not credited to p&l as does not form part of pgbp. In the same section you will find capital receipt not credited to p&l and report both the incomes there and reflect the same in ITR
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