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.
Karan Gupta (CA FINAL STUDENT) (414 Points)
28 May 2013Dear 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.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 28 May 2013
| Originally posted by : Karan Gupta | ||
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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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Due date will be 31st July since accounts are being audited voluntarily and not under statutory compliance.
CA Deepak Rathore
(EXPERT)
(281 Points)
Replied 28 May 2013
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
CA Aman Gupta
(Chartered Accountant)
(344 Points)
Replied 03 June 2013
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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