Query regarding Remarks in the Annexure to Auditor's Report

This query is : Resolved

Guest

Guest (Querist)

17 February 2010 Dear Experts,

Query regarding Remarks in the Annexure to Auditor's Report

I may post my query for your views / guidance. Please see the following points as given in the Annexure to Auditor's Report :

Clause ix. a.

The Company is regular in depositing undisputed statutory dues including income tax, wealth tax, sales tax,Customs duty, Excise duty, Cess and other material statutory dues applicable to the company with the appropriate authorities except Service Tax.

Clause ix. b.

According to the information and explanations given to me, no undisputed amounts payable in respect of income tax, wealth tax, sales tax, Customs duty, Excise duty and Cess were in arrears, as at 31st March 2009 for a period of more than six months from the date they became payable except Service Tax amounted to Rs. 1,01,000/- alongwith interest of Rs. 10,100/-.

Whether the above two clauses given in the Annexure to Auditor's Report are the REMARKS, which are to be mentioned in the Form 23AC & Form 23ACA under the heading

IV. Details of qualification(s), reservation(s) or adverse remark(s) made by auditors

Please guide me.

It may also be noted that there is no comments in the Directors' Report for the above two clauses.

Once again, I request to please guide me on the matter.

I shall wait for your views / guidance.

Thanks.

shrikant

shrikant (Expert)
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17 February 2010 Dear Deekay

Its not amounts to qualification and not require to report in 23AC or 23ACA

Guest

Guest (Querist)

17 February 2010 Dear Shrikant,

First, I thank you for your immediate response.

Now from your reply, it is clear that I need not select 'YES' in Form 23AC & ACA for the 'adverse remarks of auditors'.

Thank you once again Shrikant.

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