Part 44AB with the Money tax Act, 1961, involves specific courses of taxpayers to have their accounts audited. It is required for them to offer statement of particulars or specific information on various subjects as prescribed underneath Form 3CD.
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Also you might have not viewed as petrol expenditure in full expenditure which must be thought of and afterwards to be labeled under Referring to products or providers exempt from GST. Thanks.
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Taxmann suggests: November 15, 2022 at two:15 pm Hi Dhiraj, the purchases within the department for each-se will not be an expenditure in P&L for an entity as a whole. Hence, a similar shall not be described In case you are performing a tax audit of your entity as a whole. Pre-compensated bills shall be reported during the yr to which it belongs.