1.what will be the treatment of disallowed expenses done in income tax survey by the officer.
2. how and where it should be reported in audit report for 3CB and 3 CD
3. what will be the treatment in P/L a/c
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Replies (5)
1. will be added back to the Income
2. This is Auditor's job,
2. This is Auditor's job,
is there specific column except observations to mention that?
1. No effect on Audit report
2. 3CB is an independent audit report in itself
3. stays as it is.
2. 3CB is an independent audit report in itself
3. stays as it is.
I assume that ITax survey is done after auditor gave their report.
Expenses disallowed under survey have to be for reasons and you seem to agree also. This will definitely have impact on audit observations and report under simple reason that why those expenses are not highlighted.
Expenses disallowed under survey have to be for reasons and you seem to agree also. This will definitely have impact on audit observations and report under simple reason that why those expenses are not highlighted.
not it is done in the mid of the year
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