TAX AUDIT REPORT U/S 44AB OF THE INCOME TAX ACT, 1961

NAME OF THE PROPRIETOR : SANDEEP SHIVAJIRAO HUDE

NAME OF THE BUSINESS : SANDEEP TRADERS

ADDRESS OF THE BUSINESS : MARKET YARD, UDGIR

UDGIR - 413517
TQ UDGIR DIST LATUR, MAHARASHTRA

NATURE OF THE BUSINESS : DEALER IN FOODGRAINS

CONSTITUTION : PROPRIETORSHIP

FINANCIAL YEAR : 01-04-2017 TO 31-03-2018

ASSESSMENT YEAR : 2018-2019

PERMANANT ACCOUNT NUMBER : ABTPH-5176-Q

NAME OF THE AUDITOR:

ASHOK V DHOOT AND COMPANY
CHARTERED ACCOUNTANTS
OFFICE NO 18, 19 & 22, 2nd FLOOR,
VYAPARI SANKUL, MAIN ROAD,
LATUR
LATUR - 413531
CONTACT: 244673, 254673
MOBILE: 9422658599
 SANDEEP TRADERS, UDGIR PY 2017-2018, AY 2018-2019

Notes to Accounts:

 Significant Accounting Policies:

1. The accounts are maintained on accrual basis in respect of all transactions.

2. The inventories are valued on the basis stated below

Raw Materials, goods purchased and Consumables : Not Applicable
Finished goods : At lower of cost or market value

3. Fixed Assets are valued at Cost less Depreciation which is charged in accounts on Written Down
Value basis.

 General Notes:

1. These are specific purpose statements and not general purpose statements.

2. The Audit relates to the accounts of the proprietary business of the assessee style as Sandeep
Traders, Udgir

3. As per the trade practice in the line discounts are allowable to the parties to transaction for
earlier payments and receipts. Also allowances, rebates have to be allowed for quality /quantity
disputes. Hence, their accounts are debited / credited with relevant amount and acre accounted
under the head Discount and Settlement Account.

4. The accounts of trade parties, sundry debtors/creditors are subject to confirmations from them.

5. Wherever supporting is not available expenses are checked on the home voucher basis.

6. Opening balances are taken from last year’s Audited Financial Statement.

7. Agri receipts were not made available for the purpose of verification.

8. Wherever needed, accounts are regrouped so as to give true and fair view of the books of
accounts

Place: Latur
Date: 28/09/2018
For Ashok V Dhoot and Company
Chartered Accountants

Ashok V Dhoot
(Proprietor)
MRN-101909, FRN-116915W

Signature Not Verified Digitally signed by Signature Not Verified Digitally signed by
SANDIP SANDIP SHIVAJIRAO ASHOK ASHOK VISHNUDAS
SHIVAJIRAO HUDE VISHNUDAS DHOOT
Date: 2018.10.01 Date: 2018.10.01
HUDE 18:51:25 +05:30 DHOOT 18:51:26 +05:30
 SANDEEP TRADERS, UDGIR PY 2017-2018, AY 2018-2019

Certificate of Confirmation for the purpose of audit under section 44AB of the Income-Tax Act,
1961 for the Financial Year 2017-2018 relevant to Assessment Year 2018-2019

Please refer to aforesaid, I SANDEEP SHIVAJIRAO HUDE, Proprietor of SANDEEP TRADERS, UDGIR
hereby confirms the followings: -

 Closing Stock: That the closing stock of goods as shown in books of accounts which was
physically verified by me and valued as per method applied in preceding year, and
o The above stock includes stock of the concern, wherever located;
o There was no goods of the concern lying with other at the closing of the year;
o There were no goods of other lying with concern at the closing of the year;

 Debtors and Creditors: That the sundry debtors and creditors were against goods sold and
goods purchased in the normal/ordinary course of business. The closing balance of debtors
shown as outstanding were good and realizable and closing balance of creditors were payable;
 Fixed Assets: that fixed assets are of the concern in the name of concern or proprietor. All the
fixed assets have been physically verified at the closing of the year, and are in running/usable
condition.
 Expenditure & Income: that all expenditure and income have been accounted for upto the year-
end on mercantile (accrual) method of accounting.
 Loans or Deposits on Hundi: there are no loans or deposit taken on Hundi during the year.
 Payment to Relatives: payment to relative under section 40A(2)(b) of the Income-tax Act, 1961
are detailed in Point No 23 of form No. 3CD.
 Contingent Liabilities: that there are no contingent liabilities against the concern at the closing
of the year.
 Quantitative Details: The quantitative details shown under Point No 35(a) of Form No. 3CD are
true and correct and match with physical count as on 31st March 2018.
 The financial statements are free of material misstatements, including omissions.
 We have no plans or intentions that may materially affect the carrying value or classification of
assets and liabilities reflected in the financial statements.
 The allocation between capital and revenue has been correctly done and that no items of capital
nature have been debited to Profit & Loss account and vice versa.
 No personal expenses have been charged to revenue accounts.
 No fraud has been committed during the year.

Place: Latur
Date: 28/09/2018
Signature Not Verified
SANDIP Digitally signed by
SANDIP SHIVAJIRAO
Signature Not Verified
ASHOK Digitally signed by
ASHOK VISHNUDAS
Sandeep Shivajirao Hude
SHIVAJIRAO HUDE VISHNUDAS DHOOT
Date: 2018.10.01 Date: 2018.10.01
HUDE 18:51:27 +05:30 DHOOT 18:51:28 +05:30