is it compulsory for a tax auditor to prepare balance sheet and p&l account when the assessee is being audited under any other act(banking/company)....in other words in case of form 3ca...
13 October 2013
Depreciation as per companies act and income tax act is different .. . . But not required to prepare seperate balance sheet for this . .
and he need to report allowable depreciation in his tax audit report in prescribed format.. . . However depreciation as per companies act is added and depreciation as per income tax is allowed in computation of income
CAclubindia
