How ICDs will effect a business, books of which are being maintained on cash system of accounting? Please advise.
Lovepreet Singh
(Army of Final War)
(359 Points)
Replied 01 October 2017
SSG
(1936 Points)
Replied 03 October 2017
Do an auditor need to give disclosure as per ICDs at point 13 (f) in Form 3CA-CD or can that be skipped in case nothing is to be mentioned? Please advise.
Lovepreet Singh
(Army of Final War)
(359 Points)
Replied 03 October 2017
Lovepreet Singh
(Army of Final War)
(359 Points)
Replied 03 October 2017
SSG
(1936 Points)
Replied 04 October 2017
If mercantile system is being followed, then do we need to mention against all the ICDs or again we can skip them?
Lovepreet Singh
(Army of Final War)
(359 Points)
Replied 04 October 2017
Lovepreet Singh
(Army of Final War)
(359 Points)
Replied 04 October 2017
SSG
(1936 Points)
Replied 04 October 2017
This refers to the tax audit of a Cooperative Society. The secretary, who is not a member, is taking out cash and paying cash in "Security A/c - Secretary". The cash deposits and withdrawls in this account are more than Rs. 20,000/-. This account is shown on Liability side. Does this need reporting under clause 23 or 31 of Form 3CD? Is secretary, who is not a member, is person a specified under Sec. 40A(2)(b) in relation to a cooperative society?
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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