Link between Income tax and Statutory audit

Amit (Chartered Accountant B.Com(H))   (453 Points)

17 December 2009  

Suppose a company is incorporated on 1st Jan 2008 with accounting year jan to dec. Now company is required to hold AGM on before 30 jun 2009. Thus comapny is not required to get its account audited under companies act before 30 september 2008 ( Last date for filing of Income tax return under income tax actfor financial year 2007-08)

Q: Is company required to get its account audited under companies act even for 3 months ( jan 08 to march 08) before filing ITR- for financial year 2007-08

( I am again asking the same question but trying explain it in illustrative form )