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Demise of assessee and tax audit report

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This query is : Resolved

Ruby Sharma (Querist)

18 January 2018 Assessee died on 15 August 2016. Turnover is less than taxable limit but legal heir wants to get the audit done due to less profit %. I request to provide clarification on following points:

1. How many tax audit reports will be issued in this case, one or two?

2. In my opinion there should be two audit reports, one covering period up to the death and second covering period after the death till the closing of the year. I have prepared balance sheet as on date of death, but audit report utility is not allowing me to submit report for period ending on 15 August 2016. Tax audit utility shows option for 31st March 2017 only.

What to do? Plz help.

Thanks in advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 January 2018 1 Two tax audit report to be issued as proposed.
2 Prepare balance sheet upto the date of death but tax audit submit upto the end of the previous year.

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