Tax audit
This query is : Resolved
CA Ritu Chauhan
(Querist)
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...
Please guide me...
Amol S Joglekar
(Expert)
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.
CA Ritu Chauhan
(Querist)
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.
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.
If not, the tax auditor has to sign the above said financials.
Amol S Joglekar
(Expert)
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.
CA Ritu Chauhan
(Querist)
23 October 2012
Yes sir Statutory Auditor & Tax Auditor are one and the same, than too he has to sign both the Financial Statements ?
CA Lokesh Pokharna
(Expert)
23 October 2012
he has to sign both the financial statements
Amol S Joglekar
(Expert)
23 October 2012
As a tax auditor 31/03/2012 and as statutory auditor 30/04/2012.
CA Ritu Chauhan
(Querist)
23 October 2012
Thank you all for replying
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Query on effect of registration of property
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Foriegn assets disclosure
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
