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Independent Auditors' Report

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(Querist)
03 December 2020 A private limited company has profit before tax and loss after tax due to MAT credit utilisation. In the opinion paragraph of the Independent Auditors' Report, under the comment about statement of affairs of the company, is it appropriate to write as profit for the year or to write loss for the year ? Kindly justify the answer.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
28 December 2020 I think it will be loss for the year..................................
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