05 July 2010
in tax audit we have to report maximum bal outstanding during the year , can any one please explain me how it is to be calculated ? should we go individual account wise or company as a whole?
05 July 2010
You will have to go individual account wise as reporting is to be done.
The clause reads as Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year.
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