Disclaimer for Clause 44 of Tax Audit Report
What if relevant details are not furnished by the Assessee for reporting purpose?
Relevant extract of Guidance Note issued by Institute of Chartered Accountants of India, is reproduced
hereunder which addresses the issue: –
“If the assessee is not in a position to give the details as required in clause 44, an appropriate
disclosure/disclaimer may be made by the auditor in Form 3CA/3CB. Where the assessee has provided
reason for not being able to provide details, the same may be reported, if found appropriate.”
Considering above, the tax auditor must give suitable remark under observation tab of the Form 3CA / CB
of the report clarification the non-furnishing of relevant information under Clause 44.
Suggested note (Illustrative) for such disclosure / disclaimer
“We have been informed by the Assessee that the statistical information required under Clause 44 of the Tax Audit Report has not been maintained in the absence of any statutory requirement under Goods an Service Tax statute. Further the standard accounting software used by the Assessee is not configured to generate any report in respect of such historical data in absence of any prevailing statutory requirement
regarding maintenance of requisite information in this clause. In view of above we are unable to verify and report the desired information in this clause.”