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DRAFT MANAGEMENT REPRESENTATION LETTER FOR COMPANY

 PREPARED BY CA NITIN KANWAR

 

 

 

To,

                                                  

Chartered Accountants

Add:                                                   

 

Sub:    Representation for the purpose of Tax audit for the financial year 2023-2024 (Assessment year               2024-2025)

Dear Sir/Madam,

 

This representation letter is provided in connection with Tax audit of the books of accounts of the

                                                                                                                                              for the Year ended on 31/03/2025 for the purpose to ascertain/derive/report the requirements of Form Nos. 3CA/3CB and 3CD, to ensure that the books of account and other records are properly maintained, that they truly reflect the income of the taxpayer and claims for deduction/relief are correctly made by him & to checking fraudulent practices. We acknowledge our responsibility to keep and maintain such books of account and other documents as may enable the Tax auditor to do tax audit u/s 44AB, in accordance with the provisions of Income Tax Act, 1961.

The management understands its responsibility for the preparation of Form 3CD. Form 3CD should be duly filled & authenticated by the management. Yourself will only verify and confirm the same & on that basis form the opinion & issue the report in Form 3CA/3CB Subject to the observation, if any as the case may be.

(Pl. Note: The management has to give the observations (Sample already given to you in our other attachments) and the same has to be put in relation to each clause where the assessee has not give details relying on particular Judgements or any ground)

We confirm, to the best of our knowledge and belief, the following:-

 

1.The name of the assessee as per PAN card is . Copy of PAN Card has been attached

 2.The company is liable/not liable to pay indirect taxes &if yes, for that registration number is as follows:

1. 1. Service Tax:
   2. VAT:
   3. Excise:
   4. Import Export Code:
   5. GST:

Copy of Registration Certificates has been attached herewith.

 3.The relevant clause of Section 44AB under which the Tax Audit is being conducted is :

(a) carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds one crore rupees in any previous year.

 

4. Nature of Business or Profession carried during the year, along with sector, subsector, code is as follows:

 

Sector	Sub-sector	Code

 

5. There is no change in the nature of business or

OR

There is change in the nature of business or profession. The particulars of such change is as follows:

Business	Sector	Sub-sector	Code

Certified copy of Board Resolution & altered MOA has been attached herewith.

 

6. List of Books of Account maintained and the address at which the books of accounts are kept as follows:

S No.	List of Books	Address

 

7. The Profit and loss account does not include any profits and gains assessable on presumptive

OR

The Profit and loss account include the profits and gains assessable on presumptive basis. The details of which are as follows:

Section	Other Section	Amount

 

8. The company had employed Mercantile Method of accounting in the previous

 

9. There is no change in the method of accounting employed in the previous year as compared to employed in immediately preceding financial year i.e. Y. 2024-25.

OR

There has been a change in the method of accounting employed in the previous year as compared to employed in immediately preceding financial year i.e. F.Y. 2024-25. The effect of the same on profit is as follow:

 

Particulars	Increase in profit	Decrease in Profit

 

10. No adjustment has been made to the profits or loss for complying with the provisions of

OR

Adjustments is required to be made to the profits or loss for complying with the provisions of ICDS. The effects of such adjustments are as follow:

 

ICDS	Increase in Profit	Decrease in Profit	Net Effect

 

 

11. The company had employed method of Valuation of Closing Stock during the year and there is no deviation from the method of valuation prescribed u/s 145A and this is tax

OR

The company had employed                                                                                 method of Valuation of Closing Stock during the year. There is deviation from the method of valuation prescribed u/s 145, the details of which as follow:

 

Particulars	Increase in Profit	Decrease in Profit

 

12. None of the Capital Asset has been converted into Stock-in-trade.

OR

The Capital Assets has been converted into Stock-in-trade during the year i.e. F.Y. 2024-25 & the details of the same are, as under:

 

Description    of Capital Assets	Date               of Acquisition	Cost                of Acquisition	Amount   at   which   assets is converted into stock-in-trade

 

13. The detail of items not credited to Profit & Loss Account is as follows:

(a) All items falling within the scope of section 28 has been credited to P/L

OR

The following items falling within the scope of section 28 has not been credited to P/L Account:

 

Description	Amount

 

(b) The Credits, drawbacks, refund of duty of customs or excise or service tax or refund of sale tax, VAT, GST has been credited to P/L

OR

The Credits, drawbacks, refund of duty of customs or excise or service tax or refund of sale tax, VAT, GST has not been credited to P/L Account, details of which as follow:

Description	Amount	Remarks

 

(c) Escalation claim accepted during the year has been credited to Profit And loss

OR

Escalation claim accepted during the year has not been credited to Profit And loss Account, details of which as follow:

Description	Amount

 

(d) The details of Other Items not credited to profit & loss Account is as under:

Description	Amount

 

(e) The details of Capital receipts not credited to profit & loss Account is as under:

Description	Amount

 

14. No Land or building or both is transferred during the previous year for a consideration less than value adopted or assessed or assessable by any authority of a State Government referred to in section 43CA or 50C, details has been furnished in the annexure

OR

Land or building or both is transferred during the previous year for a consideration less than value adopted or assessed or assessable by any authority of a State Government referred to in section 43CA or 50C, details is as follow:

Detail       of Property	Address    of Property	Consideration received or accrued	Value        adopted       or assessed or assessable

 

15.   Copy of Depreciation Chart along with copy of FAR has been attached herewith.

 

16. The company does not have any investment linked deduction u/s 33AB, 33ABA, 35(1)(i), 35(1)(ii), 35(1)(iia), 35(1)(iii), 35(1)(iv), 35(2AA), 35(2AB), 35ABB, 35AD, 35CCA, 35CCC, 35CCD, 35D, 35DD, 35DDA,

OR

The company have claimed investment linked deductions u/s                              . Copy of amount paid and other supporting has been attached herewith.

 

17. The company had not paid any sum to the employee as bonus or commission for services rendered, where such sum was otherwise payable to him as profits or [Section36(1)(ii)]

OR

The company had paid any sum to the employee as bonus or commission for services rendered, where such sum was otherwise payable to him as profits or dividend, [Section36(1)(ii)] details as follows:

 

Description	Amount

 

18. The company have not received any contributions from employees for various funds as referred to in section 36(1)(va)

OR

The company have received any contributions from employees for various funds as referred to in section 36(1)(va)

Nature of Fund	Sum       received from employees	Due date of payment	The       Actual amount paid	The actual amount date of payment         to                       concerned Authorities

 

Challans has been attached herewith.

 

19. The company has not debited to the profit and loss account, any amount being in the nature of capital, personal, advertisement expenditure

OR

The company has debited to the profit and loss account, any amount being in the nature of capital, personal, advertisement expenditure etc, the details as follow:

 

Capital Expenditure:

Particulars	Amount

 

Personal Expenditure:

Particulars	Amount

 

Expenditure on advertisement being souvenir, brochure, tract, pamphlet, etc published by a Political Party:

 

Particulars	Amount

 

Expenditure incurred at clubs

Particulars	Amount

 

Expenditure by way of penalty or fine for violation of law or otherwise or for offence or which is prohibited by law:-.

 

Particulars	Amount

 

Expenditure incurred for any purpose which is an offence or which is prohibited by law:

 

Particulars	Amount

 

 

Expenditure by way of any other penalty or fine not covered above

Particulars	Amount

 

                 

Expenditure incurred to compound an offence under any law for the time being in   force, in India or outside India

 

Particulars	Amount

 

                        Expenditure incurred to provide any benefit or perquisite, in whatever form, to   a person, whether or not carrying on a business or exercising a profession, and   acceptance of such benefit or perquisite by such person is in violation of any   law or rule or regulation or guideline, as the case may be, for the time being in    force, governing the conduct of such person.

 

 

Particulars	Amount

 

 

                        Expenditure incurred to settle proceedings initiated in relation to  contravention under such law as notified by the Central Government in the                        Official Gazette in this behalf

Particulars	Amount

 

 

 

20. The company had not made any payment to non-resident on which tax is not deducted.

OR

The company had made payment to non-resident on which tax is not deducted, details is as follow:

 

Date Payment	of	Amount	Nature payment	of	Name payee	of	PAN of payee	Address

 

21. The company had not made any payment to non-resident on which tax has been deducted but not paid during the previous

OR

The company had made payment to non-resident on which tax has been deducted but not paid during the previous year, details is as follow:

Date Payment	of	Amount	Nature payment	of	Name payee	of	PAN payee	of	Address	Amount of TDS

 

22. The company had not made any payment on which tax is not

OR

The company had made payment on which tax is not deducted, details is as follow:

 

Date Payment	of	Amount	Nature payment	of	Name payee	of	PAN of payee	Address

 

 

23. The company had not made any payment on which tax has been deducted but not paid during the previous Challans of TDS has been attached herewith.

OR

The company had made payment on which tax has been deducted but not paid during the previous year, details is as follow:

Date Payment	of	Amount	Nature payment	of	Name payee	of	PAN payee	of	Address	Amount of TDS

 

24. The company have not paid any salary outside India or to a non-resident without

OR

The company have paid any salary outside India or to a non-resident without TDS, details of which are as follows:

 

Date Payment	of	Amount	Nature payment	of	Name payee	of	PAN of payee	Address

 

25. The company had not debited the amount to profit and loss account being, interest, salary, bonus, commission or remuneration inadmissible under section 40(b)/40(ba).

OR

The company had debited the amount to profit and loss account being, interest, salary, bonus, commission or remuneration inadmissible under section 40(b)/40(ba) and details are as under:

 

Particulars	Section	Amount debited to P/L	Amount admissible	Amount inadmissible	Remarks

 

26. No expenditure has been made by the company other than account payee cheque drawn on a bank or account payee bank

OR

The company has made other than account payee cheque drawn on a bank or account payee bank draft, details as follows:

 

Detail               of Payment	Nature                         of Payment	Amount	Name of payee	PAN of Payee

 

27. The company had made  provision  of Gratuity of                                      during the year & had paid Rs.             of Gratuity. Supporting of Payment has been attached herewith.

 

 

 

28. The company does not have any contingent

OR

The     company      is     having      contingent      liability     of      Rs.                                    

                                                                    .

 

on     account      of

 

 

29. The company have not earned any exempt income during the

OR

The company have earned exempt income and the details of amount of expenditure incurred in relation to such income are as follows:

 

Particulars	Amount

 

30. The company has not paid any interest on delayed payment to the Micro, Small and Medium Enterprises Development Act,

OR

The  company has  paid  the interest of Rs                                 on delayed payment to the Micro, Small and Medium Enterprises Development Act, 2006.

 

(i) Amount of interest inadmissible under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act)
(ii) Total amount required to be paid to a micro or small enterprise, as referred to in section 15 of the MSMED Act, during the previous year
(iii) Of amount referred to in (ii) above, amount
(a) paid up to time given under section 15 of the MSMED Act
(b) not paid up to time given under section 15 of the MSMED Act and inadmissible for the previous year

 

 

31. The company had not made any payments during the previous year to the related

OR

The company had made any payments during the previous year to the related parties, details are as follows:

 

Name of related parties	PAN	Relation	Nature                         of transaction	Amount

 

32. The company does not have any new setup of Plant and Machinery in backward area or Tea Development Account, Coffee Development Account and Rubber Development Account or Site Restoration Thus no Deemed Profits/Gains under Section 32AD/33AB/33ABA.

OR

The company have any new setup of Plant and Machinery in backward area or Tea Development Account, Coffee Development Account and Rubber Development Account or Site Restoration etc. the details of Deemed Profits/Gains under Section 32AD/33AB/33ABA, details are as follows:

 

Section	Description	Amount

 

33. The company does not have any Reversal/writing back of trading liability, Sale of assets of undertaking, Sale of assets used in scientific research, Recovery of Bad Debts allowed earlier, Withdrawal from special reserve, Adjustment/ Set off of loss etc. Thus there is no amount of profit chargeable to tax u/s

OR

The company does have any Reversal/writing back of trading liability, Sale of assets of undertaking, Sale of assets used in scientific research, Recovery of Bad Debts allowed earlier, Withdrawal from special reserve, Adjustment/ Set off of loss etc. Thus the details of amount of profit chargeable to tax u/s 41 is as follows:

Name of Party	Amount                         of Income	Section	Description                         of Transaction	Computation

 

 

34. The details of liability pre-existed on the first day of the previous year e. F.Y. 2024-25 but was not allowed in the assessment of any preceding previous year i.e. F.Y. 2023-24 and was

	26		(i) In respect of any sum referred to in section 43B, the liability for which:-
			A	Pre-existed on the first day of the previous year but was not allowable in the assessment of any preceding previous year and was:-
				(a) Paid during the previous year
				Section		Nature of Liability		Amount
		(b) Not paid during the previous year;
		Section			Nature of Liability		Amount
B		Was incurred in the previous year and for clauses other than clause (h) of section 43B was:-
		(a) paid on or before the due date for furnishing the return of income of the previous year 139(1);
		Section			Nature of Liability		Amount
		(b) Not paid on or before the aforesaid date.
		Section			Nature of Liability		Amount
state whether sales tax,goods & services Tax, customs duty, excise duty or any other indirect tax,levy,cess,impost etc.is passed through the profit and loss account

(Copy of challan or other supporting has been attached herewith.)

 

OR

The company does not have any liability pre-existed on the first day of the previous year i.e. F.Y. 2024-25 but was not allowed in the assessment of any preceding previous year i.e. F.Y. 2023-24.

 

 

 

35. The details of liability was incurred in the previous year and was

• paid on or before the due date for furnishing the return of income of the previous year under section  139(1) of                                       (Copy of challan or other supporting has been attached herewith.)
• not paid on or before the aforesaid date of

OR

The company had not incurred any liability in the previous year.

 

36. The company does not have availed or utilized any CENVAT Credit during the year.

OR

The amount of CENVAT Credit availed or utilized by the company during the year is as follows:

 

CENVAT	Amount	Treatment in Profit & loss Account
Opening Balance
CENVAT Availed
CENVAT Utilized
Closing/Outstanding Balance

 

37. The company have not credited or debited any Prior Period Income or Expenditure during the

OR

The company have Prior Period Income or Expenditure during the year, details as follows:

Type	Particulars	Amount	Period to which it relates

 

 

38. The company have not received any amount which is to be included as income chargeable under

the head ‘income from other sources’ as referred to in section 56(2)(ix) or section 56(2)(x) .

OR

The company have received any amount which is to be included as income chargeable under the head ‘income from other sources’ as referred to in section 56(2)(ix)/ section 56(2)(x), details are as under:

 

Nature of Income	Amount

 

39. The company does not have amount borrowed on Hundi or any amount repaid thereon otherwise than account payee cheque.

OR

The company have amount borrowed on Hundi or had amount repaid thereon otherwise than account payee cheque, details of the same are as under:

 

Name of person	PAN	Address	Amount borrowed	Date      of borrowing	Amount due	Amount repaid	Date      of repayment
					including interest

 

40. No primary Adjustment have been made to transfer price, as referred to in sub-section (1) of section 92CE, has been made during the previous TP Report attached herewith.

OR

Primary Adjustment have been made to transfer price, as referred to in sub-section (1) of section

92CE, has been made during the previous year, details has been disclosed in the annexure.

 

 

SN	Under                         which clause      of                    sub- section      (1)                   of section                          92CE primary adjustment                          is made?	Amount                      of primary adjustment	Whether the excess money available with the                      associated enterprise is required to be repatriated to India as per the provisions of sub- section (2) of section 92CE	If yes, whether the excess money has                        been repatriated within                           the prescribed time	If no, the amount (in Rs.) of imputed interest income on such excess money which has not been repatriated within                           the prescribed time	Expected date of repatriation of money

 

41. The company has not incurred expenditure during the previous year by way of interest or of similar nature exceeding one crore rupees as referred to in sub-section (1) of section

OR

The company has not incurred expenditure during the previous year by way of interest or of similar nature exceeding one crore rupees as referred to in sub-section (1) of section 94B, details is as under:

 

SN	Amount	(in	Earnings		Amount	(in	Details of interest expenditure		Details of interest expenditure
	Rs.)	of	before interest,		Rs.)	of	brought forward as per sub-		carried forward as per sub-
	expenditure by		tax,		expenditure by		section (4) of section 94B		section (4) of section 94B
	way of interest		depreciation		way of interest
	or of similar		and		or of similar
	nature incurred		amortization		nature as per
			(EBITDA)		(i) above which
			during	the	exceeds 30% of
			previous year		EBITDA as per (ii) above
							Assessment Year	Amount	Assessment Year	Amount

 

 

 

 

42. The company have not taken or accepted any loan or deposit in an amount exceeding the limit specified in section269SSduring the previous year otherwise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account

OR

The company have taken or accepted any loan or deposit in an amount exceeding the limit specified in section 269SS during the previous year otherwise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account, details are as follow:

 

 

 

 

 

SN	Name of the person from whom specified sum is received	Address of the person from whom specified sum is received	PAN of the person                     from whom                 specified sum is received	Amount                             of specified                         sum taken or accepted	Whether                           the specified                 sum was             taken                   or accepted                       by cheque or bank draft or use of electronic clearing             system through a bank account	In        case       the specified   sum was taken or accepted                             by cheque or bank draft, whether the same was taken or accepted by an account payee cheque     or      an account payee bank draft

43.   The company had not received an amount of two lakh rupees or more from a person in a day, in respect of single transaction, otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account as specified in section 269ST

OR

The company had received an amount of two lakh rupees or more from a person in a day, in respect of single transaction, otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account as specified in section 269ST, details of the same as under

 

 

SN	Name of the Payee	Address      of                     the Payee	PAN of the Payee	Nature                             of transaction	Amount                             of Payment	Date Of Payment

 

 

 

 

44. The company have not repaid any loan or deposit in an amount exceeding the limit specified in section 269T during the previous year other wise than by an account payee cheque or account payee bank draft drawn or by use of electronic clearing system through a bank

OR

The company have repaid any loan or deposit in an amount exceeding the limit specified in section 269T during the previous year otherwise than by an account payee cheque or account payee bank draft drawn or by use of electronic clearing system through a bank account, details are as follow:

 

SN

Name of the payee

Address payee

of

the

PAN of the payee

Amount the repayment

of

Maximum amount outstanding

Whether                    the repayment was made by

In case the repayment was made by

in the account

cheque

or

cheque                      or

at any time

bank draft or

bank                draft,

during

the

use

of

whether                    the

previous year

electronic clearing

same            was taken                      or

system

accepted                      by

through

a

an            account

bank account

payee cheque

or an account

payee                 bank

draft

 

45. The company does not have any brought forward loss or

OR

The company have any brought forward loss or depreciation, details are as follow:

 

SN	Assessmen t Year:	Nature           of                        loss /Depreciation allowance	Amount                              as returned	Amount as assessed		Remarks
				Amount	Order     No                and Date

 

46. There is no change in the shareholding of the

OR

 

Change in shareholding of the company has taken place in the previous year due to which the losses incurred prior to the previous year cannot be allowed to be carried forward in terms of section 79, details as follow. Copy of Board resolution and Share Certificates has been attached herewith.

 

47. The company has not incurred any loss in respect of specified business during the previous

OR

The company has incurred loss of Rs.                                             in respect of specified business during the previous year.

48. The company has not claimed any deduction under Chapter

OR

The company has claimed any deduction under Chapter VIA, details are as follow:

 

Section	Amount

 

49. The company is not required to deduct or collect tax as per provisions of the

OR

The company is required to deduct or collect tax as per provisions of the Act, the details are as follow:

TAN/PA N

Section

Nature of Payment

Total amount

of

Amount on which     tax

Amount on which     tax

Amount of tax

Amoun t         on

Amount of          tax

Amount     of tax deducted

payment of

Was

deducted

Deducted

which

deducted

or collected

receipt

of

required to

or collected

or collected

tax

is

or

but

not

nature

Be

at specified

deducte

collected

deposited

specified in column (3)

Deducted or collected

rate

d         or collecte

at less rate

with Government

d

at

.

rate

less

than

specifie

d rate

 

TDS Challans has been attached herewith.

 

50. The company is not required to furnish the TDS Returns

OR

The company is required to furnish the TDS Returns, the details are as follow:

 

SN	Tax               deduction and               collection Account Number (TAN)	Type of Form	Due      date              for furnishing	Date                             of furnishing,                              if furnished	Whether            the statement of tax deducted             or collected contains	If not, please furnish list of details/transactio ns which are not
					information about                             all details/transactio ns      which          are required            to                           be reported	reported

TDS Returns has been attached herewith.

 

51. The company is not liable to pay interest on late payment of TDS or late deduction of

OR

The company is liable to pay interest on late payment of TDS or late deduction of TDS, details are as follows:

 

SN	TAN No.	Amount of interest under section 201(1A)/206C(7) is payable	Amount	Dates of payment

 

52. In case of Trading concern, the quantitative details of principal items of goods traded as follows:

 

SN	Item name:	Unit:	Opening stock:	Purchases during previous year:	Sales during previous year	Closing stock:	Shortage/excess, if any
1

 

OR

In case of Manufacturing Concern, the quantitative details of principal items of raw material,

Finished Products & By-Products as follows:

 

Raw Material:

SN	Item Name	Unit	Opening stock	Purchase during the previous year	Consump tion during previous year	Sales during previous year	Closing Stock	Yield      of finished product	% of yield	Shortage/ Excess, if any

Finished Products

SN	Item Name	Unit	Opening stock	Purchase during                 the previous year	quantity manufactur ed      during the previous year	Sales during previous year	Closing Stock	Shortage/Ex cess, if any

By-Products

 

SN	Item Name	Unit	Opening	Purchase	quantity	Sales	Closing	Shortage/Ex
			stock	during                 the	manufactur	during	Stock	cess, if any
				previous	ed      during	previous
				year	the	year
					previous
					year

 

 

53. The company had not received any amount in nature of dividend as referred in Section 2(22)(e)

OR

The company had received any amount in nature of dividend as referred in Section 2(22), details      are as follows:

 

A	Whether the assessee has received any amount in the nature of dividend as referred to in sub-clause (e) of clause (22) of section 2, If yes, please furnish the following details:-
	Amount received		Date of receipt
B	Whether the assessee has received any amount for buyback of shares as referred to in sub-clause (f) of clause (22) of section 2?
	Amount received	Cost of acquisition of shares bought back

 

 

 

54. The company had not distributed any profits on which tax is required to be paid undersection 115-O

OR

The company had distributed any profits on which tax is required to be paid under section 115-O, details are as follows:

 

SN

Total amount of distributed profits

Amount reduction referred section O(1A)(i)

to

of as in 115-

Amount reduction referred section O(1A)(ii)

to

of as in 115-

Total thereon

tax

paid

Amount

Dates of payment

 

55. The company is not required to carry out any cost

OR

Cost Audit of the company was carried out any during the year, the details of any disqualification or disagreement on any matter etc. identified by the cost auditor is as follow:

 

56. The company is not required to carry out any audit under the Central Excise Act, 1944

OR

Audit under the Central Excise Act, 1944 of the company was carried out any during the year, the details of any disqualification or disagreement on any matter etc. identified by the auditor is as follow:

 

57. The company is not required to carry out any audit under the Section 72A of Finance Act, 1994

OR

Audit under the Section 72A of Finance Act, 1994 of the company was carried out any during the year, the details of any disqualification or disagreement on any matter etc. identified by the auditor is as follow:

58. Details regarding turnover, gross profit, , for the previous year and preceding previous year:

 

Particulars	Previous year			Preceding previous year
Total turnover of the assessee
Gross profit/turnover
Net profit/turnover
Stock-in-trade/turnover
material consumed/Finished goods produced

 

59. No demand or refund has been raised against the company during the year

OR

The details of demand raised or refund issued during the previous year under any tax laws other than Income tax Act, 1961 and Wealth tax Act, 1957 alongwith details of relevant proceedings, is as follows:

 

 

Financial year to which demand/refund relates to	Name of other tax law	Type         (Demand raised/Refund received)	Date of demand raised/refund received	Amount	Remarks

60. The company was not required to furnish any statement in Form 61 or Form No. 61A or Form No. 61B.

OR

The company is required to furnish statement in Form No.61 or Form No. 61A or Form No. 61B, the detail is as follow:

 

Income-tax Department Reporting      Entity Identification Number	Type of Form	Due       date               for furnishing	Date of furnishing, if furnished	Whether the Form contains information about all                  details/ transactions which are required to be reported	If      not,       please furnish list of the details/transaction s which are not reported

 

 

 

61. The company is not liable to furnish the report as referred to in sub-section (2) of section 286, the details is as follow

OR

The company or its parent entity or alternate reporting entity is liable to furnish the report as referred to in sub-section (2) of section 286, the details is as follow:

 

 

 

 

 

 

Whether report has been furnished by the assessee or its parent entity or an alternate reporting entity	Name of parent entity	Name of alternate reporting entity (if applicable)	Date of furnishing of report

66.Clause 44: We have been informed by the assessee that the information required under this clause has not been maintained by it in absence of any disclosure requirement thereof under the Goods and Service tax statute. It is not possible to determine break-up of total expenditure of entities registered or not registered under the GST, as necessary information is not maintained by the assessee in its books of accounts. Further the standard accounting software used by Assessee is not configured to generate any report in respect of such historical data in absence of any prevailing statutory requirement regarding the requisite information in this clause. In view of above we are unable to verify and report the desired information in this clause

 

We hereby declare that the above stated information is correct and true and best to management knowledge.

 

 

For & on behalf of                                                                        

 

Director/Partner/Prop_______________________

 

Note:

 

Whenever the assessee is not reporting or differently reporting in tax Audit report, Please ask him to give the reference of case laws, he relied upon.