Audit report timing under section 35D clarified; report must be furnished by the specified date and with the first-year return.

The amendment requires that the audit report be furnished by the specified date referred to in section 44AB and that the assessee furnish, for the first year in which the deduction under section 35D is claimed, the report of such audit by that date, replacing the prior requirement of furnishing the report along with the return for the first year in which the deduction is claimed.

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