While doing tax audit of a partnership firm for A.Y. 210-11, it has come to my notice that audit was mandatory for A.Y. 2009-10 too. But the firm hadn’t got their books audited then. So what will be its implications while doing tax audit of the A.Y. 2010-11?
6 Replies
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 06 September 2010
dear
all assement procedure is considered as seperately form all other assement procedure so that there in no implication while doint the Tax Audit for the A. Y. 2010.2011.
CA Shiv
(Business Controller)
(2987 Points)
Replied 06 September 2010
Just do it for the current year. At the time of assessment by the ITO it will be noticed...
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 06 September 2010
Do the audit for the currently year and also inform the cleint about the mistake that occured in earlier year and now there is no remedy for the same.
Shamita
(Learner)
(410 Points)
Replied 06 September 2010
Thank you all for your replies. Do we need to give preceding year's information in Part - B of Form 3CD?
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