Tax audit

This query is : Resolved 

22 October 2012 If a private limited company has statutory audit period from 1st May 2011 to 30th April 2012, should the auditor also sign the Balance Sheet as on 31st March, 2012 for reporting in form 3CA ?
Please guide me...

22 October 2012 Which year form 3CA is to be signed? Financial year 2011-12? For this accounts are not closed by the private company. It has closed accounts on 30/04/2012. Right? Sorry, could not get the real question in this.

22 October 2012 Statutory audit period is from 1st may 2011 to 30th April 2012
Form 3CA requires balance sheet as on 31st march 12 to be audited so my question is that auditor will sign both the balance sheets i.e. as on 31.03.2012 & as on 30.04.2012.

23 October 2012 If the statutory auditor and tax auditor are one and the same person then he/she has to sign another set of financial statements for the FY 2011-12 for the limited purpose of section 44AB of the Income tax Act,1961.

If not, the tax auditor has to sign the above said financials.

23 October 2012 Auditor needs to ask for the balance sheet and statement of profit from the assessee as on 31/03/2012 for the tax audit purposes.

23 October 2012 Yes sir Statutory Auditor & Tax Auditor are one and the same, than too he has to sign both the Financial Statements ?

23 October 2012 he has to sign both the financial statements

23 October 2012 As a tax auditor 31/03/2012 and as statutory auditor 30/04/2012.

23 October 2012 Thank you all for replying


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