Audit report under clause (i) of section 142(2A) of the Income-tax Act, 1961

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....t. In *my/our opinion, proper books of account have been kept by the head office and the branches visited by *me/us so far as appears from *my/our examination of books, and proper returns by *me/us subject to the comments given below: ---------------------------------------------------------------------------------------------------------------------------- In *my/our opinion and to the best of *my/our information and according to explanations given to *me/us, the said accounts give a true and fair view - (i) in the case of the balance sheet, of the state of above named assessee's affairs as at ---------------------, and (ii) in the case of the profit and loss account, of the profit or loss of the above named assessee for the accounti....

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....wer to (ii) above is in the affirmative, specify the amount by which the profit or loss for the year has been affected by such change. 4. In respect of items manufactured, full quantitative details of raw materials and finished products as indicated below: Raw materials (a) opening Stock (b) purchases during the year (c) consumption during the year (d) Sales during the year (e) Closing stock (f) Yield of finished products (g) Percentage of yield (h) Shortage Finished products (a) Opening stock (b) Purchases during the year (c) Quantity manufactured during the year (d) Sales during the year (e) Closing stock at the end of the year (f) Shortage and percentage thereof Notes: 1. Separate quantitative detai....

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....son is an employee of the assessee or not] 9. Details of amounts not deductible under section 40A : (a) Particulars of payments which appear to be excessive or unreasonable in terms of section 40A(2)(a) (b) Particulars of payments in excess of ₹ 2,500* made otherwise than by a crossed cheque or draft - section 40A(3) (c) Particulars of expenditure or allowance in excess of the limits specified in section 40A(5)(c)** (d) Particulars of expenditure incurred by way of fees and salary to an ex-employee in excess of ₹ 60,000 - section 40A(6)** (e) Provisions for payment of gratuity not allowable - section 40A(7) (f) Where the assessee is a company, the amount of interest on deposits not allowable under section 40A(8)***....