24 October 2009
You are referring to furnishing tax audit report.
Filing IT Return and furnishing Tax audit report are separate issue, although the deadline happens to be the same date. The audit report could be filed stand alone basis under the cover of an forwarding letter.
However, please note that, the requirement of furnishing audit report has been dispensed with. There is no such requirement at present.
24 October 2009
Continuing Mr. Naik, the author is requested to see the circular 6/2008 dated 18/7/2008 and instruction 6/2008 dated 18/6/2008 regarding the status quo of return filing.
24 October 2009
thanks as 30th september is deadline for submitting audit report. 30th september is due date of filing of return. is it possible to furnish audit report before 30th september, and furnishing return as belated return?
Furnishing of audit report first and submiting the belated return is not possible. as the assessee is covered under 44AB hence the due date of filing the return is 30th september. with the introduction of mandatory e-filing in case of tax audits you cant just fill ITR with some points stated as per tax audit report and leave the rest. hence the new ITR which is a mix up of audit report and accounts has to go together.
This is just to let you aware that an assesse covered under Sec 44AB has to compulsorily file E-Return. Hence the assessee does not have an option of filing the audit report first and then accounts later.
I hope the above explanation gives you a better understanding.
CAclubindia
