Icds disclosures in tax audit report

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Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2017 What are specific disclosures that are required as per clause 13(f) of the revised Tax audit report. Is there any specimen report ?

Lalit Kumar

Lalit Kumar (Expert)
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28 August 2017 13(f) should actually precede 13(e). If you see the ICDS under 13(f), each ICDS has a presentation disclosure to be made both in qualitative as well as quantitative. So if there is any quantitative disclosure to be made, you need to report it in clause 13(e) with increase or decrease impact to your profits.