https://www.taxtmi.com/article/detailed?id=8132 The Form 3CD insertion requiring reporting of receipts that may be treated as deemed dividend imposes inquiries beyond the auditee's books, often requiring third party company data (such as accumulated surplus, payor company status and recipient's substantial or beneficial interest) that auditors cannot independently verify; the clause should be omitted for the immediate year and, prospectively, narrowed to seek only payments by companies that can be verified from the paying company's records. en-us Tue, 21 Aug 2018 05:48:02 +0530 Tue, 21 Aug 2018 05:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8132 The Form 3CD insertion requiring reporting of receipts that may be treated as deemed dividend imposes inquiries beyond the auditee's books, often requiring third party company data (such as accumulated surplus, payor company status and recipient's substantial or beneficial interest) that auditors cannot independently verify; the clause should be omitted for the immediate year and, prospectively, narrowed to seek only payments by companies that can be verified from the paying company's records. Articles Income Tax Tue, 21 Aug 2018 05:48:02 +0530 https://www.taxtmi.com/article/detailed?id=8132