TAX AUDIT

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Clause 21 Arithmetically reconcile the details with previous years tax audit and current years accounts. Verify the challan, receipts and entries in the books to ascertain the amounts paid and remained unpaid during the year. State whether sales tax, customs duty, excise duty or any other indirect tax, levy, cess, impost, etc., is passed through the profit and loss account - if not routed through the Profit and Loss Account – not paid during the year – whether disallowed u/s 43B ? KALYANIWALLA & MISTRY
Clause 25 Details of brought forward loss or depreciation allowance Losses in the nature of business loss, speculation loss, unabsorbed depreciation, capital loss be shown separately. – as per return and as per assessment/appeal order. To check whether the return of income of each year, where the loss has occurred was filed within the due date. Carry forward of loss is permissible for specific no. of years. If any appeal/rectification application is filed, which has bearing on the amount of loss assessed , the same should be mentioned 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 and 26: Clause 19 Amounts deemed to be pro
Page 27: Clause 21 In respect of any sum re
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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