Tax audit u/s 44ab of fy 2011-12

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 October 2013 Sir,

Can I accept tax audit u/s 44ab of FY 2011-12 and if yes how do I report the belated return and tax audit in 3cb & 3cd. And the client has not done vat audit and has unpaid vat dues.

kindly guide me.

thanks

CA Rinkal

CA Rinkal (Expert)
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19 October 2013 yes

you may accept the tax audit for the FY 2011-12,but the client has to ready for penalty.

as the party does not comply with other audit like VAT,, so you make notes in the audit report