Access to business premises: authorised officers may inspect premises and require production of accounting and audit records. Authorised officers may access any registered person's business premises to inspect books, documents, computers and other relevant items for audit, ... Summary
Access to business premises: authorised officers may inspect premises and require production of accounting and audit records.
Authorised officers may access any registered person's business premises to inspect books, documents, computers and other relevant items for audit, scrutiny and revenue protection. The person in charge must produce specified records - including maintained accounts, trial balance, audited financial statements where applicable, cost audit reports, income-tax audit reports and other relevant records - to the officer, audit party or nominated chartered or cost accountant, for scrutiny within the prescribed period from the date of demand or any extension allowed.
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