What is the sense of tax audit u/s 44ab/44ad due date?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2011 Dear experts

Please clarify "what is the sense of Tax Audit due date with reference to due date of filling ITR U/s 139 as even after passing the due date auditor may sign the Audit Report back dated and file the ITR before the end of the assessment year i.e before 31st march 2011"??????

This procedure is adopting my many Auditors which is killing the quality, dignity of the CA profession.

Why there is no restriction on the Auditor to submit information about the Tax Audit conducted upto 30th Sept, 2011 so that they cant sigh the Audit Report back dated thereafter.

Please explain me the implication of the above matter in detail with suggestion.

Very thanks in advance

U S Sharma

U S Sharma (Expert)
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18 September 2011 audit report must be submitted within 30th sept, otherwise the penalty is imposed,

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2011 there is no need to submit audit report .......so query so still pending

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Yogesh Agarwal

Yogesh Agarwal (Expert)
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18 September 2011 If u are a CA then u should take the cognizant of ths mess and if u are a client u should ensure that no one is alowed to take the undue advantage of the system. Then only the very purpose of paperless return wil b fulfiled.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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18 September 2011 When you file your return online then you cannot do any back dated. You have to mention the name of the auditor with his membership number and to give details of B/S & P - L a/c.

So your question stands out dated.