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<h1>Finance Act, 2001 amends Section 44AB, requiring accountant's report and revising 'specified date' to October 31 for assessments.</h1> The Finance Act, 2001 amends Section 44AB of the Income-tax Act by inserting the words 'by an accountant' in the second proviso, requiring that a further report be provided by an accountant. Additionally, it revises the definition of 'specified date' in the Explanation at the end of the section. The new clause defines 'specified date' as the 31st day of October of the assessment year, in relation to the accounts of the assessee for the previous year relevant to that assessment year.