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Sept 30 Filing

Elton Sukumar M (Certified Accounting Technician) (734 Points)

08 March 2008

Is 30th Sept filing applicable from AY 2008-09?

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Late CA Sampat Jain (Chartered Accountant) (4772 Points)
Replied 09 March 2008

yes

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I HAVE QUERY RELATED TO NEW AMENDMENT IN BUDGET 2008. THAT TO CHANGE IN DATE OF TAX AUDIT BY 30.09.2009. SUPPOSE WE WANT TO FINISH THE WORK BY 15 .09.2009. AND THE AGM IS DONE ON 29TH SEPT OF THE YEAR. THEN HOW WE WILL FILE THE ITR OR COMPLETE THE AUDIT AND SING THE BALANCE SHEET WHEN IT IS PENDING FOR APPROVAL FROM DIRECTOR OF THE COMPANY. PL SUGGEST.

Ramasubbu K (Sr.GM - Finance & Company Secreta) (685 Points)
Replied 10 March 2008

Approval of accounts and audit under Section 44AB is two different things.There is no requirement that the tax aidut report has to be filed only after the accounts be approved by AGM. Further, is the Company adopts different accounting year other than the financial year, this situation will arise. Only thing, in this finance bill 2008 has not amended Section 44AB which prescribes the due date for filing of tax audit report. This remains the same as 31st October. This is an anomoly which has to be rectified.