23 June 2016
Respected Sir, I am confused, please clarify about this section This section says about maximum outstanding balance at any time during the previous year in Tax Audit Report. What meaning of at any time. Whether it means maximum closing balance of days or for example Date Dr Cr Total 01.05.2016 100.00Cr 01.05.2016 10.00Cr 110.00Cr 01.05.2016 3.00Dr 107.00Cr
on date 01.05.2016 What Bal Should be shown in tax audit report it should Rs 110.00 or Rs107.00 Why Rs 107.00 why not Rs 110.00
CAclubindia
