TAX AUDIT

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Clause 20 Any amount of profit chargeable to tax under section 41 and computation thereof Earlier years records to be verified to ascertain deduction claimed and allowed in respect of loss, expenditure, trading liability or bad debts written off, which are recovered. KALYANIWALLA & MISTRY
Clause 21 In respect of any sum referred to in clause (a), (b), (c),(d), (e) or (f) of section 43B, the liability for which :— (a) Amount pre-existing on the first day of the previous year not allowed in any preceding previous year and paid during the year - this amount will not be debited to current years account but will be allowed as a deduction on payment basis (b) was incurred in the previous year and not paid before the due date of filing of the return is to be disallowed. Deduction of certain expenses only on payment basis irrespective of the method of accounting followed KALYANIWALLA & MISTRY
Page 1 and 2: CLAUSE - 12A to 21, 25 to 27 KALYAN
Page 3 and 4: Clause 13 Amounts not credited to
Page 5 and 6: Clause 13 (d) any other item of inc
Page 7 and 8: Clause 14 Any interest paid on mon
Page 9 and 10: Clause 16 (a) Any sum paid to an em
Page 11 and 12: Clause 17 Amounts debited to the p
Page 13 and 14: Clause 17 (d) expenditure incurred
Page 15 and 16: Clause 17 If the tax is deducted an
Page 17 and 18: Clause 17 (g) interest, salary, bon
Page 19 and 20: Clause 17 (i) provision for payment
Page 21 and 22: Clause 17 (l) amount of deduction i
Page 23 and 24: Clause 17A Amount of interest inad
Page 25: Clause 19 Amounts deemed to be pro
Page 29 and 30: Clause 25 Details of brought forwa
Page 31 and 32: Clause 26 Section-wise details of
Page 33 and 34: Clause 27 Tax not deducted at all

TAX AUDIT

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