Under this clause, the auditor is required to furnish detailed information in case the assessee is liable to pay interest under section 201(1A) or section 206C(7) of the Act. The reporting in clause 34(c) should be in consonance with the reporting under clause 34(a) where the details of non-deduction are required to be reported.
Where the assessee is liable to pay interest u/s 201(1A) or 206C(7), the tax auditor should verify such amount from the books of account as of 31st March of the relevant previous year and also from PART G of the statement generated by the Department in Form No. 26AS. In case the assessee had disputed the levy or calculation of interest under TRACES, in Form No. 26AS, the tax auditor may re-calculate the amount of interest under section 201(1A) or section 206C(7) up to the audit report date for reporting under this clause and mention the fact in his observations paragraph provided in Form No. 3CA or Form No. 3CB, as the case may be.