audit report

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CA Anshu Agarwal

CA Anshu Agarwal (Querist)

24 October 2009 is it possible to submit audit report prior to submission of return?

thanks

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)

24 October 2009 Sales Tax Audit reprot has to be given after the returns are submitted.

Income tax audit report has to be given before the submission of return.

CA Anshu Agarwal

CA Anshu Agarwal (Querist)

24 October 2009 thanks

practically audit report is submitted alongwith the income tax return.
how it can be submitted before filing of income tax return?

thanks

Aditya Maheshwari

Aditya Maheshwari (Expert)

24 October 2009 Both together.

Shyam Lal Naik

Shyam Lal Naik (Expert)

24 October 2009 You are referring to furnishing tax audit report.

Filing IT Return and furnishing Tax audit report are separate issue, although the deadline happens to be the same date. The audit report could be filed stand alone basis under the cover of an forwarding letter.

However, please note that, the requirement of furnishing audit report has been dispensed with. There is no such requirement at present.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

24 October 2009 Continuing Mr. Naik, the author is requested to see the circular 6/2008 dated 18/7/2008 and instruction 6/2008 dated 18/6/2008 regarding the status quo of return filing.

CA Anshu Agarwal

CA Anshu Agarwal (Querist)

24 October 2009 thanks
as 30th september is deadline for submitting audit report.
30th september is due date of filing of return.
is it possible to furnish audit report before 30th september, and furnishing return as belated return?

thanks

CA.Ramkrishna

CA.Ramkrishna (Expert)

25 October 2009 Anshu,

Furnishing of audit report first and submiting the belated return is not possible. as the assessee is covered under 44AB hence the due date of filing the return is 30th september. with the introduction of mandatory e-filing in case of tax audits you cant just fill ITR with some points stated as per tax audit report and leave the rest. hence the new ITR which is a mix up of audit report and accounts has to go together.

This is just to let you aware that an assesse covered under Sec 44AB has to compulsorily file E-Return. Hence the assessee does not have an option of filing the audit report first and then accounts later.

I hope the above explanation gives you a better understanding.

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