25 September 2011
Query on Sec. 145 A working in the Tax Audit Report (Clause 12) Most of us are ignorant about the working of this provision and no text book or article gives any suitable illustration on this complicated subject. Everybody talks about this but without giving any concrete solutions. Please I too request all the members give us a suitable illustration and show us how the computation of income is prepared whenever there is a change, also give us suitable examples when ever the duties or taxes were paid immediately in the next months of April and May, and method of working deduction under 43B.
25 September 2011
145A adjustments has to done out of the books ( in tax computation statement). Illustrations are available ICAI's "Guidance note on Tax Audit u/s 44AB of the Income tax Act,1961".
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