CA Mukul Mittal (CA in practice) (384 Points)
29 August 2011one of our client is showing 95% of the balance sheet total for creditors and debtors only............i have gone through the books during tax audit and found nothing so serious to be reported......is there any probability of having manipulation in books...pls guide........
Devendra
(Chartered Accountant)
(4775 Points)
Replied 30 August 2011
Please vouch the Purchase bills correctly, there are chances of producing fake bills to increases the creditors and show low profit.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
