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Audit Report

The document is a tax audit report for KANAKA DURGA TADIKONDA for the financial year 2021-2022, prepared by GARLAPATI & ASSOCIATES. It certifies that the balance sheet and profit and loss account are in agreement with the books of account and provide a true and fair view of the financial state as of March 31, 2022. The report includes various details such as the auditor's observations, accounting methods, and compliance with income tax regulations.

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Kumar N
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57 views12 pages

Audit Report

The document is a tax audit report for KANAKA DURGA TADIKONDA for the financial year 2021-2022, prepared by GARLAPATI & ASSOCIATES. It certifies that the balance sheet and profit and loss account are in agreement with the books of account and provide a true and fair view of the financial state as of March 31, 2022. The report includes various details such as the auditor's observations, accounting methods, and compliance with income tax regulations.

Uploaded by

Kumar N
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KANAKA DURGA TADIKONDA Proprietor PAN : ADPPT0757K Tax Audit Report Audit Clause 44AB(c): Audit if Assesce claimed Income less than Deemed income u/s 44AD Financial Year : 2021-2022 Assessment Year : 2022-2023 Date of Audit Report : 25/09/2022 GARLAPATI & ASSOCIATES GVSNK RAMANJENEYULU Chartered Accountants 1 FORM NO. 3CB [See rule 6G (1)(b)] Audit report undor section 44AB of the Incomo-tax Act, 1961, in the case of a person referred to in clause (b) of sub-rule (1) of the rule 6G ‘We have examined the balance sheet as on 31 March 2022, and tne profit and loss account forthe period beginning ‘rom 01 April 2021 to ending on 31 March 2022, attached herewith, of KANAKA DURGA TADIKONDA, 11.54-21/6A, BASAVA KRISHNA MURTHY COMPLEX, GULAB CHAND STREET, ONE TOWN, VIJAYAWADA, ANDHRA PRADESH-520001, PAN - ADPPTO7S7K 2 We certify that the balance sheet and the profit and loss account are_in agreement with the books of account maintained at the head office at. 11-54-21/5A, BASAVA KRISHNA MURTHY COMPLEX, GULAB CHAND STREET, (ONE TOWN, VIJAYAWADA, ANDHRA PRADESH-520001 and NIL branches, (8) We repor the following observations! comments! discrepancies! inconsistencies: if any (b) Subject to above,— (A) We have obtained all the information and explanations which, to the best of our knowledge and belief ‘were necessary for the purpose of the aut. (8) _Inour opinion, proper books of account have been kept by the head office and branches of the assesse 0 far as appears from our examination of the books. (C) _Inour opinion and to the best of our information and according to the explanations given to us, the said accounts, ead with notes thereon, if any, give a true and fair view. - (i) Inthe case ofthe balance sheet, ofthe state ofthe affairs of the assesse as at 31 March 2022 ‘and Inthe case of the profit and loss account of the Profit ofthe assesse forthe year ended on that date, ‘The statement of particulars required tobe furnished under section 44AB is annexed herewith in Form No. 3CD. In our opinion and to the best of our information and according to explanations given to us, the particulars given in the said Form No. 3CD are true and correct subject to fallowing observations! qualification, if any: ‘S.No [Qualification ‘Comments NIL NIL Place > VIIAYAWADA Date © 250972022 For GARLAPAT! & ASSOCIATES (Chartered Accountants) Reg No. 00188138 (GVSNK RAMANJENEYULU (Proprietor) Membership No. : 227122 PAN : AMFPG98ISN FORM NO, 3CD [See rule 6G 2)1 ‘Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961 PART-A, [f___]Name of the assesse KANAKA DURGA TADIKONDA. 2 [Address 11-54-2116A, BASAVA KRISHNA MURTHY COMPLEX, (GULAB CHAND STREET, ONE TOWN, VIJAYAWADA, ANDHRA PRADESH-520001 3_ [Permanent Account Number (PAN) TADPPTO757K 3a_|Aadhaar No (956928570958 “4 |Whether the assesse is lable to pay indirect fax Yes. like excise duty, service tax, sales tax, goods land service tax, customs duty, etc. if yes, please furnish the registration number or GST number or any other identification number allotted for the same [S.No, [Nature of Registration State [Registration Number 1 __[Goods and Service Tax [ANDHRA PRADESH _|37ADPPTO7S7K1zT [Status individual 6 [Previous year from [01 April 2021 to 31 March 2022 7_[Assessment Year [2022-2023 8 Indicate the relevant clause of section 44AB under which the [Clause 44AB(e) lauait has been conducted ‘a [Whether the assesse has opted for taxation under section JNO 115BA/1158AA/115BAB/1 1SBAC/115BAD? PART-B Tal frm or association of porwons, dicate names of parnersimombors and Who prof sharing ratios. case of ADP, whether sharos of mombers are ndlarminateo” unkown? [S.No. [Name Pratt Shag Rava Thi Were s any change hte partners oF members orn Tel pro sharing aioe since The Tat date of precoding year, he parealors of such change Date of [Name of ParnerMenbar Type ofhange [OW prom New Pratt [Romans [change [Sharing Fat [Shaving rato Toa: Najure of Basiness or profession (Wimare an ane Business or proTeuson scared on dutng We praWaus year, nate oT every BusTness lor pression [so [sector [sab Sear [came WHOLESALE AND RETAIL TRADE [Wholesale af ether products nae [or Ub |ithare any change he nature of bates or profeason, to oaficuars of auch change: T [S.No [Business [Sector [sub Sector [eae a_i: Sooke of account are proscribed under secon TEAR, Wyss, Ie oT Books 66 BreserbeT, cc Books Preserves "DDL oY Books of SEunE ATTRINGW Wd Whe wAArGES aT WHI Ws DOORS oT SOSH ae RAP (F GAGE DOORS oT BOCOUMT ATE fnaitainod in a computor systom, mention th books of account generated by such computer system. Ifthe Books of accounls ar not kopt at ane locaton lease furish the accressos of localons along withthe detals of books of accounts maintained at each location, Soaks Maina [Address Line 1 [address ne 2 (ciyrrewnibietit [State Pin Cade [CASH BOOK, BANK BOOK. [VIJAYAWADA —|VIJAYAWADA. KRISHNA [Andhra Pradesh 620001 LEDGERS, TRIAL BALAMCE [Lat of ook of acsounl and nate of wlovanl documents wanined am Bodks Examined [CASH BOOK, BANK BOOK, LEDGERS, TRIAL BALANCE. Wether the profit and oss account includes any profits ana gai assoveablo on prosumpive Basle, Fyos, eave To) No amount and the relevant section (A4AD, 44AE, 448F, 449, 48, 448A, 44888, Chapter XILCG, Fst Schedule or any other elvant section, [SNe [Sean [aroun 73a | athod of accountng employed ne provous year Mercantile system Fab |Whether there had been any change i the metiod of accountng employed Was he method employed the | No mediately preceding previous year 73 |answor (5 abowo i the airmative, give Gotals of such charge, andthe eee ereot on the prof oss SNe Pate inereaee in Pro [Decrease mn Profi 75] Whather any adjsimant i requred ta be made To he profi ar oss Tar complying wit he pavsiars af income We Jcomputaton and disclosure standards noted under secon 14S(2) [ide|ianswer to (d) above inthe Afimatve give deals of such agjustments [SNe [Particulars Increase in Prov) [Decrease mn ProMIRE) — [Net eVect RS] 7 aaiaure as par COS | —[sie_icos Dacoa 1 ]ICDS1- Accounting Policies [ACCOUNTING POLICIES AS PER AS-15 FOLLOWED, FOR. IS IN [GOING CONCERN BASIS, PRUDENCE CONCEPT IS FOLLOWED 2 —]ICDS 1- Valuation of inventories INVENTORIES ARE VALUED AT COST OR MARKET VALUE WHICHEVER IS LOWER [0S Wi Construction Contracts (NOT APPLICABLE. I ]IeDS 1V- Revenue Recognition REVENUE RECOGNITION IS MADE WHEN THE SALE IS EFFECTED |AND RISK AND REWARD ON GOODS ARE TRANSFERRED PHYSICALLY [Ele V- Tangible Fixed Assats [FIXED ASSETS ARE VALUED AS FER STANDARD, AT GROSS VALUE, [5 ——|icbs Vi- Government Grants (OT APPLICABLE 7 —]IGDS 1k - Borrowing Costs IBOIROWING COSTS ARE ACCOUNTED AS PER STANDARD, __|caPITALiseD OR TRANSFERED To P&L AS PER POLICIES. F —]Ie08 X-Provisons, Contingent Labliies —]PROVISION CREATED AS MENTIONED IN STANDARD land Contingent Assets “aa |Mathod of valuation of osng stock employed inthe previous year [Silower of Coat or Market ata Fb Jin case of deviation from the method of valiaton prescribed under secon 145A, andthe effect thereof on te proft or | No loss, please trish [Sno [Parteulars inerease i Prati Desa a Poms S| Sie fog paras of Ow capa asats conwared ilo ook wae JS1No a) Description of captal asset (0) Date of aaquion [c) Coal of acquation [(@) Amount a which Ihe asset ie converted nto stockeinsrade 75 [Rivounis no ied a pro aa tes account bag 6a__[The toms alg win the seope section 28 [> [SNe [Desenpton ae Tab |The prota cede drawbacks, refund ot day of astams or exGise or senice ax or Ttunds af sales tax OF value BaGea Tax GoGds ad) Service tax wners such cred, drawbacks or refunds are admuted as dus by tne authoriien concemed [se [Beserpton [Amoune scala claims accepted durng We previous year S.No [Desenption [amount 7Sd_[Any oer tem of nome [> [sie [aesenpton [amount 76s Gapial capt an [S.No [Dsserpton (aoa [77 — Were any land or baling of bathe ansTarod dung the previous year fora consideration lcs than value adplad of assessed or lasseceable by ay authorly ofa Sale Government refered o in section 43CA or SDC, ploaso fui ENS [Dasha — Asis ne 1 [adass Che’? [ciiTow [Sie [Ph Cole —[natera [Vala Sopot o Wane ponaone a Prey fi Soreceved [assessed (second povsoto, Searenos [areesssle | ueecton Eeectonay TE |Paricuars of depreciation aiowable ws par Ws Tewhe TAXA, GT ThTospecl ofeach aasorObIOGK GT ass as te CaBS May Bo ne totowng form T aon TT Snel Ralect | Oprig |e | Asuna Aes | Pacts | UCD | Chanele | Suni! | Toll | Dei Ore ite eraser | Pecorag spt . ie Wschinary EPO To Fr rans —o PF > > arenas sae "Far Raion and Daduckon Dotais rotor Addon and Dosueon Dotais Table a tho End of he Page [E—(Amaunis admissbl under sections ISNo Section [Amount Sabiod To proM and Ts [Amounts aaieibe as par he prove of he Incoro-lax Aa T981 oF laccoune ncome-tax Rules, 962 ar any her guidelines "20a [fy sum palo an employes ae bonus or commission Tor sanvoee rendered, where auch eum wae oerwe payable ohm ae profs or aver. (Section 36(7)] [Sine _[teseroton ane [Deas of condone received Tom employes for wavous funds ae fered ton sein TOT) IS¥No Nature of Fund [Sum received fom [Oue date for [actual ama JEmptoyes Payment sant paid [Actual Payment Date "Pia [Please fornah te Goals oT amounts Gabted To The pro and oss AGSOUR, Bag Te Hale oT a i porsonalsavaTiearonT Capial ExpensiTe | 1Se_Peanicuars ano Poraonat Expands [Searels RST ARE "vermont Eapendiure ay Souvend, brochure, Wael pamphlet rhe Ike published bya polica pari [[se_fPanicuare [Amount Re Exper cured al Cubs Deg enanes aoe ad SRST [se [Paricutars [amount Re paris eure al cubs bag confor cub sanices and Tacos used [Tso PParictar [moun a paride by way of paraly one Yor wolaton oT any law or he te boing Toros | [so_eanicuars [amount ws Expanre by way of anyother penaly or ne nol Govred above | 1site_Paricuars ano ARE Expanhae neared Toray purpose Wien an afore Oc WHI Ts promBNed By Te [Se Panieutars ano RE [2b [Amounis madmissbre under section 40(a= (As payment to non-resident referred to in sub-clause (A) Details of payment on which tax s not deauctea ISNo [Date of Amount of JNalure of Nama of PAN of [Address [Address —CiyTown! [Pin code [Payment [Payment [Payment [Payee Payee tine _uine2 District {Gy Details af payment on which lax has been deducted but has not been paid Gurng the previous year arin The subsequent year before the expiry of time prescribed under section 200(1 IS.No [Date of Amount of Nature [Name of JPAN of [Adaress [Address [Ciy/Town’ [Pin code [Amount af tax [Payment [Payment Jor Payee [Payee ine? |Line2 —istct Deducted [Payment (DAS payment refered to n sub-clause(a) (A) Details of payment on which tax is not deducted IS.No [Date of [Amount of [Nature of — Name of [PANaf Address Ad [Payment [Payment [Payment [Payee Payee une? _|uine2 [District jdress [Ciiy/Townl Pin code (5) Dalalls of payment on which tax has been deducted but has not been paid on or batore the due dale epecifed In ‘subssection(1) of section 138, 'SINa | Date of | Ariountof] Nature [Name of ‘Adaress | Address | Giyio [Pin code] Amount | Amount Payment | Payment | of | Payee tine 1 [Line 2] wns oftax | oftax Paymen| Disthet Deducted|Depasite 3 [i Fringe benefit tax under sub-clause (i) fo [iv] Wealth tax under sub-clause (ia) o lw) Royaly, Tcense fee, service fee efe. under sub-clause (ib) o (vi) Salary payable outside inciarfo @ non-resident wihout TOS ete, under sub Clause (Wi) ISNo- [Dale of —JAmount of Name af Payee [Aadress Line [Adaress —[Cy/Town’ [Pin code [Payment [Payment i Line 2 _[Distict [ti Paymentto Pr/OtRer fund otc under sub-clause (W) o (vil) Tax paid by employer for perquisies under sub-

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