If the assessee has not filed the income tax return & tax audit report for the last year (Turnover more than 2 cr in last year). For this year tax audit applies then how to report preceding previous year figures in a 3CD report ?? The auditor is required to give a comment on opening balance verification because he cannot verify opening balances ??
plz reply
thnx in advance.
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Tax Audit Query.
Replies (3)
Generally, the audit of the earlier year also required to be carried out for any authentic statement.
Okay thank you sir
You are welcome...
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