Is the Auditor required to report the income u/s 41(1)(a) in 3CD, even if the company has declared the same in its P/L?
4 Replies
NISHA AGARWAL
(Chartered Accountant)
(454 Points)
Replied 03 June 2022
Thank You so much for the reply.
Can you please also tell how this income should be reported in ITR 6?
Concern being, The amount is already included in the P/L A/c. And when we report the respective amount u/s 41 in the income tax return, it results in double taxation of income. And if we don't, then we receive a proposed adjustment notice.
What should be done?
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 03 June 2022
Will be happy to help you out. leaving the details in your inbox
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 June 2022
Show it in audit report , it will not result in double taxation.
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