What are the circumstances under which Tax audit report u/s 44AD can be revised

Posted 2 years, 10 months ago by Rakesh Bharadwaj

A great question, even i want to know the answer of it.

Prior to assessment year 2013-14, it was possible to replace the audit report as it was not necessary to upload the tax audit reports.

What are the options available now to revise the tax audit reports?

Posted 2 years, 10 months ago by Rahul Rai

The Circumastances are as  follows :-
(i)  Revision of Annual accounts in a company after adopting it  in AGM .
(ii) Change of law retrospectively
(iii) Change in interpretation, of circular, judgments
(iv) Other reason like systemerror requiring change in document uploaded.
In case, where a CA is called upon to report on the revised accounts, he should mention the fact that said report is a revised report and give a reference to the earlier report. Also he has to mention the resons for revision

Also @Rahul Rai

The e-filing website of Income tax now allows uploading of Revised Audit Report by the Auditors for the same AY and PAN 

Posted 2 years, 10 months ago by Vedanta Deshika

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