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Tax Audit of branch and head office

CA Priti Bamal (138 Points)

25 September 2019

Please explain branch and head office tax audit ,how to conduct

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RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 25 September 2019

In General activity Tax Audit conducted based in BOA and Statuory Compliance and Tax audit is pan based provision.

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Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 25 September 2019

Branch auditors to conduct the audit in same fashion as done for Head Office. Proper communication shud be there between branch and principal auditors.branch auditors to forward their reports to principal auditors.

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CA Priti Bamal (138 Points)
Replied 25 September 2019

Separately for branch or accounts should be combined for head office?

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 25 September 2019

Accounts should combined at the time of filling ITR...

In case branch and head office not audited (internal) then branch detail will be branch Auditor...

Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 25 September 2019

Principal auditors will look at the organization as a whole and file ITR as one.
Branch auditors need to only forward their reports to principal auditors.
However if there are no branch auditors and principal auditors are the same for both branch and HO then principal auditors will only prepare audit reports for branch and HO and file the returns as one for entire organization