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If preparing financials of a company , the company is also liable for Income Tax Audit,the auditor check all provisions as per IT Act.

Balamurali Unnithan M S

CA Inter

★ 3K+

26-Mar-21 22:45

285

Answers (6)

Tax audit and companies audit are separate.

Sahibdeep Singh

CA Inter

★ 14K+

27-Mar-21 10:51

Yes Sir But while preparing financials of a company , We can prepare one document for both,so i ask can relay the all provisions as per IT Act such as Sec.40(A)(3),269SS,269ST?

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

27-Mar-21 21:24

Thread Starter

Balamurali Unnithan M S

Yes Sir But while preparing financials of a company , We can prepare one document for both,so i ask can relay the all provisions as per IT Act such as Sec.40(A)(3),269SS,269ST?

Financials are prepared as per provisions of Companies Act

Sahibdeep Singh

CA Inter

★ 14K+

27-Mar-21 21:48

Any cash transactions limit as per Companies Act ?

Thread Starter

Balamurali Unnithan M S

CA Inter

★ 3K+

27-Mar-21 22:16

Thread Starter