Presumptive Taxation to Tax Audit
Hannan Shaik (BBM) (24 Points)
18 October 2024Closing Stock shown in Presumptive Taxation Sec 44 AD is not shown as Opening Stock in Tax Audit Sec 44 AB.
Is there a problem???
Kindly let me know..
Hannan Shaik (BBM) (24 Points)
18 October 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(4501 Points)
Replied 18 October 2024
If the closing stock is not shown as opening stock, it may indicate: -
it is recommended to: - Reconcile the stock valuations - Ensure consistent financial reporting -
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India