Audit report required by bank
This query is : Resolved
15 October 2013
sir,
i have filled return of AY2013-14 of individual whose t/o in the previous year 2012-13 does not incresed 1 caror and NP % is 10%. on 30-09-2013.not applicable to audit.but the assesee taken cc of rs 50 lacs. and bank demamded audit report.but the assesee is not liable to audit. plz giv solution of above matter.
i have filled return of AY2013-14 of individual whose t/o in the previous year 2012-13 does not incresed 1 caror and NP % is 10%. on 30-09-2013.not applicable to audit.but the assesee taken cc of rs 50 lacs. and bank demamded audit report.but the assesee is not liable to audit. plz giv solution of above matter.
15 October 2013
Solution is in your question. Whatever you have explained in question that you have to explain to bank that assessee is not covered under audit so there is no audit report.
Thats d only solution. Give on your letter head that assessee is out of pirview of audit u/s 44AB of the Income Tax Act'1961.
Thats d only solution. Give on your letter head that assessee is out of pirview of audit u/s 44AB of the Income Tax Act'1961.
Message likes :
1 times
15 October 2013
thank u sir for reply
sir we exlain the above matter but the manager forced us have to provid report otherwise pay cc of rs.50lacs. manger not understand our argument.
sir we exlain the above matter but the manager forced us have to provid report otherwise pay cc of rs.50lacs. manger not understand our argument.
15 October 2013
sir audit is not applicable so how can v provide report.
15 October 2013
Then complain for the same to higher authority or tell that illiterate manager to go & study the thing.
Tell him that we will go to forum for this thing. Give the matter in writing & he have to accept it.
Tell him that we will go to forum for this thing. Give the matter in writing & he have to accept it.
18 October 2013
okk thank u sir
08 August 2014
Hi Aslam.The same situation has occured with one of the client.how did you solve the issue.please reply
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- SHARE TRANSFER PRIVATE LIMITED COMPANY
- Car Purchases in Daughter Name
- Invoicing in different currency
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
