Is it necessary to show closing balance in detail of 269SS and 269T
CA Devendra Yadav (Audit Manager) (82 Points)
13 January 2010Is it necessary to show closing balance in detail of 269SS and 269T
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 13 January 2010
Dear Devendra,
If you are talking about the disclousure of loans in the audit report, then you need not show the closing balance in both the cases (i.e 269SS and 269T) because the 3cd asks only amount loan taken and maximum outstanding amount in the account any time during the previous year.
Regards,
Fatema
P-A-W-A-N
(TAX - MANAGER AT GURGAON)
(541 Points)
Replied 13 January 2010
| Originally posted by : FATEMA | ||
 |
Dear Devendra, If you are talking about the disclousure of loans in the audit report, then you need not show the closing balance in both the cases (i.e 269SS and 269T) because the 3cd asks only amount loan taken and maximum outstanding amount in the account any time during the previous year. Regards, Fatema |
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Yes Fatima is Correct
Amir
(Learner)
(4016 Points)
Replied 13 January 2010
Dear Devendra,
Fatema is rite in terms of Form 3 CD.
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