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Tax audit and balance sheet

Others 567 views 3 replies
what is the difference between a tax audit and the finalisation of the balance sheet?
and can we make changes in the accounting after a tax audit?
Replies (3)
Accounts are the base for tax audit .

Only IT computation will have the effect of tax audit report.

PL and Balance Sheets will be same
Wrong pl and balance sheet items are different.
There will not be seperate balance sheet for tax audit..Only IT Computation has all possible changes


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