25 September 2010
a co-op society whose tax audit of A.Y 2009-10 was done by another CA, there was a mistake in the report. Actualy the society has two bank accounts but in last year Balance sheet only bank account is mentioned and other bank account balance of Rs. 47500/- is not mentioned.
Now I have to do the tax audit for this A.Y 2010-11. Pls tell what disclosure in this regard I should mention in my tax audit report.
25 September 2010
both A.Y. year are separate you need to disclose actual bank balance as on 31.3.2010 and u not need to justify last year bank balance.
CAclubindia
