Tax audit

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Dear Sir My Client has turnover of rs 90 lacs and as per sec 44 ab tax audit is not complusory but my client said that he wants books to be audited then due date of filling of return of income is 31st july or 30th september.

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Originally posted by : Karan Gupta
Dear Sir My Client has turnover of rs 90 lacs and as per sec 44 ab tax audit is not complusory but my client said that he wants books to be audited then due date of filling of return of income is 31st july or 30th september.

Due date will be 31st July since accounts are being audited voluntarily and not under statutory compliance.

Due date will be 31st July since accounts are being audited voluntarily and not under statutory compliance.

Since there is no compulsion for tax audit as per Act

31 july

due date will be 31st July.

Due date will be 31st July

 

According to Explanation 2(a)(ii) to Sec. 139(1), where the assessee is a person (other than comapny) whose accounts are required to be audited under this act or any other law for the time being in force due date for the puprpose of Sec. 139(1) will be 30th September of the AY.

 

In your case, accounts are vountarily audited hence due date will be 31st July.


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