18 September 2012
Hie everyone we got Audit of a Cricketer. I wanted to do what points should take into consideration in AUDIT of Cricketer? Please do reply soon. I have never Did audit of any sports player. Regards,
18 September 2012
In case Cricketeer, most of the expenses are not supported by vouchers. You need to take the declaration from the assessee. You need to build the reliable books of accounts as might be acceptable to Income Tax department at the time of scrutiny if any. That is very tricky situation. Even these players do not take the bills/ vouchers for pads, bats, t shirts and so on. Be in touch for any further need at amolshankar@gmail.com. I have the case of one of the IPL players. (Name is not disclosed deliberately)