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Due date ?
Mr X is having turnover 5000000 and income Rs 400000 and he wants to audit his books of accounts.
as per income tax act, it is not required but he voluntarily wants to get audited.
in this situation what will be the due date ? 31.07.2015 or 30.09.2015 ?
he is individual and he is having retail business.
please answer in detail and provide case law, if any.
thank you
Replies (1)
As per sec 139(1) the wording for due date is 'required to be audited' and in sec 44AB they mention 'audited by the CA before the specified date' For this purpose specified date includes. 31st july. Hence according to my opinion due date will be 31st july
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