Today I addressed a seminar on Tax Audit organised by one CA Study Circle in Kolkata.
An issue was debated in the seminar. Section 44AB of the Income-tax Act provides that the assessee has to get the accounts audited before the specified date (i.e. 30th September for AY 2013-14) and furnish the report of audit by the specified date. Some members expressed their apprehension that if the Tax Auditor signs the report on 30th September, 2013, there is a non-compliance of the provision of section 44AB, even though the report is e-filed on 30th September, 2013 itself.
Views of the members on this issue are sought.
Sec 44ab
JAINENDRA JAIN (ACS/CA) (1668 Points)
08 September 2013