what are the duties of an internal auditor
Answer / mujna
The duties of an internal auditor are proper planning of
audit work, effective use of audit resources and make proper
guidance to the management.
| Is This Answer Correct ? | 10 Yes | 2 No |
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During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.
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