Question ID :
44741
082701
A firm is in loss to the tune of Rs 50 Lacs A Tax Audit report is to be revised and a few Balance sheet figures are also to be amended Whether it can cause problem from Income Tax End
Posted by
Mahesh Kumar
on
Oct 19, 2024
Filed Under
AUDIT
The amendments to the balance sheet figures should be well-documented and justifiable. Any significant discrepancies that appear to arise from these changes might attract scrutiny from the tax authorities. Proper disclosures and justifications should be included in the revised report??.
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Oct 22, 2024