Tax audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 September 2015 Dear experts
is it mandatory to report the debtors & creditors list in tax audit report,

plz confirm.......

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
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29 September 2015 Yes ,it is mandatory to show debtors & creditors list in tax audit report in balance sheet part.

Amol S Joglekar

Amol S Joglekar (Expert)
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29 September 2015 It can NOT be said to be MANDATORY.

But yes, it is HIGHLY recommendatory to give the list.

Can you please any specific reference to your query...it seems that this ARGUMENT is going on for quite some time at your end... Please share your views as well.

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CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
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30 September 2015 Amol Bhai, but if we do not show debtors & creditors list our report will not showing true & fair view. As per ICAI Guidelines we have to take confirmation as well, but if we dont do so & give our note that it is subject to confirmation. So i feel its like mandatory only.

Amol S Joglekar

Amol S Joglekar (Expert)
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30 September 2015 "Mandatory" view is also appreciable.