Balance Sheet Signing Date

[KR Ramesh]

Hi Have one query on the Balance Sheet Signing Date Company A accounting year for ROC purpose is Jan to Dec and the returned is filed with ROC on 30th Jun For Income Tax purchase Company A makes another set of financial for Apr - Mar and it has internationsal transcation with Related Party therefore it submit the tax return by 30th Nov

Query

1) By when we the B/s has to be signed (is it before 30th Sep or 30th Nov)

2) By when the tax audit report needs to be signed (is it before 30th Sep or 30th Nov)

Please let me know your opinion

Thanks & Regards

Ramesh

[Surender Gupta]

It is 30th Day of November if the conditions of clause (aa) of Explanation 2 of Section 139(1) are satisfied else it would be 30th September.

[KR Ramesh]

Many thanks,

But clause referred is for the return of Income.

I understand the tax audit report, form 3CEB & the return of Income needs to be filed by 30th Nov.

My query, till what date the audit should be completed and the Balance Sheet should be signed off. Can this be after 30th Sep also?

Pleas advice

AI Summary

Tax return filing deadline shifts when transfer pricing conditions apply, affecting timing for audit report and balance sheet signing. Timing of return filing and related audit obligations follows the Explanation to Section 139(1): if transfer pricing conditions in clause (aa) are satisfied, the later statutory due date applies for filing the return, tax audit report and Form 3CEB; otherwise the earlier date applies. The question remains whether completion of the audit and signing of the balance sheet must occur by the earlier deadline or may occur after when the later deadline governs filing.