Audit report requirements for tax audits: attestation of accounts with detailed annexure on stocks, expenditures, loans and TDS compliance. Form No. 6B (audit report under clause (i) of section 142(2A)) requires the accountant to attest that the balance sheet and profit & loss account agree with books and give a true and fair view, to confirm receipt of necessary information, and to annex prescribed particulars. The annexure mandates disclosure of accounting methods and changes, stock valuation and detailed quantitative schedules for raw materials and finished goods, physical verification results, specified expenditure items and their admissibility, partner/director related payments, section 40A non deductible payments, full particulars of loans (including hundi and bank borrowings), TDS compliance, and taxes/duties paid with any discrepancies.
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Audit report requirements for tax audits: attestation of accounts with detailed annexure on stocks, expenditures, loans and TDS compliance.
Form No. 6B (audit report under clause (i) of section 142(2A)) requires the accountant to attest that the balance sheet and profit & loss account agree with books and give a true and fair view, to confirm receipt of necessary information, and to annex prescribed particulars. The annexure mandates disclosure of accounting methods and changes, stock valuation and detailed quantitative schedules for raw materials and finished goods, physical verification results, specified expenditure items and their admissibility, partner/director related payments, section 40A non deductible payments, full particulars of loans (including hundi and bank borrowings), TDS compliance, and taxes/duties paid with any discrepancies.
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