Tax audit
This query is : Resolved
29 June 2012
Sir
Can any one provide me with the points which are to be checked in respect to Tax Audit of a company whose nature of business i.e. (primarily engaged in providing Online information & data)
Can any one provide me with the points which are to be checked in respect to Tax Audit of a company whose nature of business i.e. (primarily engaged in providing Online information & data)
Guest
Guest
(Expert)
29 June 2012
Obviously start with opening balances,
then go on to see cash and bank transactions to understand the type of payments made and amounts received,
Then see the services provided;
check whether TDS is deducted accordingly,
they might be charging service tax, Check the ST-3 and if payment is paid within due date,
ST should be separately charged in the bill.
then go on to see cash and bank transactions to understand the type of payments made and amounts received,
Then see the services provided;
check whether TDS is deducted accordingly,
they might be charging service tax, Check the ST-3 and if payment is paid within due date,
ST should be separately charged in the bill.
Guest
Guest
(Expert)
29 June 2012
Now that you have mentioned that its a company, you should check the payment made to directors and sister concerns.
Ledger scrutiny will come in the end.
Ask for bank reconciliation, debtors reconciliation, check exp under 40a(3),etc.
Ledger scrutiny will come in the end.
Ask for bank reconciliation, debtors reconciliation, check exp under 40a(3),etc.
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Refund of AY 22-23
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
