Amar Chokshi (CA, M.com) (51 Points)
20 November 2011Company is cover under 44AB. Now in this year company has taken extension for its AGM from the CG and it is extended to upto december so statury audit will be done after september. then now for the tax audit which report i have to issue? 3CA or 3CB?
Thank you in advance
Yash Anandkumar Mandavia
(Practising Chartered Accountant)
(184 Points)
Replied 20 November 2011
Amar Chokshi
(CA, M.com)
(51 Points)
Replied 21 November 2011
but if i want to issue tax audit report in back date then what?
Phalgun
(Audit Manager)
(327 Points)
Replied 21 November 2011
Form 3CA by companies. Form 3CB by individuals.
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 21 November 2011
agree with above.... form 3ca to be issued...
Sonam Bidasaria
(CA)
(770 Points)
Replied 14 January 2012
It is specifically mentioned that Form 3CA is applicable when the Accounts of businesss and profession have been audied under any other law. It means before the tax audit is conducted, statutory should have been already conducted.
The Report of 3CA was also drafted accordingly:
Form 3CA starts with :
"We report that the Statutory Audit of ................................was conducted by...................................................................and we annex hereto a copy each of "
(a) the audited proft and loss account for the year ended
(b) the udited balance sheet as at ...............
If the audit will not be carried out before 30th September, how the tax auditor can use the Form 3CA?
In my opinion, criteria for applicability of Form 3CA or Form 3CB is not the nature of assessee (specifically company or individual) but is "Whether the statutory audit under any law is conducted or not".
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