Today I addressed a seminar on Tax Audit organised by one CA Study Circle in Kolkata.
An issue was debated in the seminar. Section 44AB of the Income-tax Act provides that the assessee has to get the accounts audited before the specified date (i.e. 30th September for AY 2013-14) and furnish the report of audit by the specified date. Some members expressed their apprehension that if the Tax Auditor signs the report on 30th September, 2013, there is a non-compliance of the provision of section 44AB, even though the report is e-filed on 30th September, 2013 itself.
Views of the members on this issue are sought.
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Sec 44ab
Replies (1)
Ya. Bcoz the words used r before 3009 and not on or before 3009. Conservative approach is always better for professional.
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