audit of account

[Nitin_Khandelwal]

I am salaried, doing audit of my account for ITR filling due to F&O losses. I have provided the all bank account transaction detail for financial year 2018-2019 to my CA, but he is telling me to do accounting of bank transaction sadditionally as it is required for audit.

[Bhuvan]

@Quicko

[Quicko]

@Nitin_Khandelwal

I am salaried, doing audit of my account for ITR filling due to F&O losses. I have provided the all bank account transaction detail for financial year 2018-2019 to my CA, but he is telling me to do accounting of bank transaction sadditionally as it is required for audit.

Hi @Nitin_Khandelwal,

As per the law, you are required to maintain books of accounts when tax audit is applicable. Bank transactions are an important document considered while preparing financial statements for tax audit.