CA.Varalakshmi.M (Manager-Finance) (482 Points)
22 August 2012Hi ,
As per Sec 92E audit report can be submitted by the end of NOV.
Even Sec 139 (1) also refers that audit report can be filed by end the of NOV.
My question is can we submit the return along with audit report by the end of NOV as per above provisions.
CA. Subhash Dangi
(Chartered Accountant)
(1784 Points)
Replied 22 August 2012
Section 92E of IT Act:
Every person who has entered into an international transaction during a previous year shall obtain a report from an accountant and furnish such report on or before the specified date in the prescribed form duly signed and verified in the prescribed manner by such accountant and setting forth such particulars as may be prescribed
Section 139(2) (aa) of IT Act:
As per amendment made by finance act 2011 and explanation 2(aa) to section 139 the benefit of extension up to 30 November in case of corporate assesees who are required to file the return under section 92E.
By reading the provisions of both sections, yes U can file the IT return with the report of Accountant within 30th November.
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