What are the circumstances under which Tax audit report under section 44AD can be revised - Professionals - Taxation - TIK Share
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What are the circumstances under which Tax audit report under section 44AD can be revised


Rakesh Bharadwaj

2014-03-11

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

Rahul Rai

2014-03-11

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?

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Vedanta Deshika

2014-03-11

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 

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