FURNISHING OF AUDIT REPORT UNDER SECTION 49

[S.C. WADHWA]

A factory, registered as a limited company, in haryana has a depot in delhi. All manufacturing activities are carried out in haryana.Apart from sales from factory, Goods are sent to Depot in delhi for sale. Company is required to get its account audited under Section 44AB of Income tax Act, 1961. Depot in delhi is registered under DVAT Act.

Query is:

Whether depot in Delhi is required to get its account audited under Section 49 of Dvat Act. Whether we are required to submit report of audit under section 44AB to DVAT authorities.

[Harish Chander Bhatia]

For the time provisions of getting accounts audited under DVAT has been scrapped by Kejriwal Govt and there is no requirement to file audit report under section 44AB of Income Tax in DVAT.

AI Summary

Audit report requirement under DVAT removed; depot need not file income tax audit report with VAT authorities. Whether a Delhi depot must obtain an audit under Section 49 of the DVAT Act and whether the Section 44AB income-tax audit report must be submitted to VAT authorities; the reply states the DVAT-era requirement for audited accounts has been removed and there is no obligation to file the Section 44AB report with DVAT authorities for the depot.