One of my client is is Cooperative Labour and consctruction society registered under Punjab Cooperative Socities ,Act No 29 of 1961. The Society is also registered under Punjab Vat Act 2005 as works contractor. During the FY 2010-11 its Gross Receipts is sxpected to exceed 100 lacs and required to get its account audited U/s 44AB. It is also mentioned that the The accounts of these socities are also audited by the inspectors of Punjab Coop Socities. My Quary is should I conduct the Tax Audit indipendently or should I realy on the audit conducted by the Inspector of Coop Socities(Which Form "Form 3CA or Form 3CB" be used)
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