Correction in creditor's name in audit report

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This query is : Resolved

shreyansh (Querist)

03 January 2017 Hello..

While facing scrutiny of F.Y. 2013-14 (A.Y. 2014-15), Assessee has submitted creditors' list. There is error while inputting name of creditor in audit report.

So, how can we change creditor's name?

Should we take affidavit from client as well as Auditor's certificate for changing of name from creditor's list?

Is it enough or should we give more evidences to Appellate Authority?

And, any other option for overcoming this error?

Amol S Joglekar

Amol S Joglekar (Expert)

03 January 2017 Who are you? Assessee OR Auditor Or else?
If assessee, then you can submit affidavit to IT dept, if asked for
If you are Auditor, then you can prepare a rectification report.
If you are else.....please specify, who is that else?

shreyansh

shreyansh (Querist)

03 January 2017 Thanks.

I'm talking from the aspect of auditor as well as assessee.

Amol S Joglekar

Amol S Joglekar (Expert)

04 January 2017 Assessee also signs the tax audit report. (Approves it on web site)
So he is equally bound to make the affidavit. The rectification report by the auditor may be followed in due course, if required.
Yo are most welcome

shreyansh

shreyansh (Querist)

04 January 2017 Hello..

Thanks a lot sir..

Can you provide me format of affidavit & rectification report?

Amol S Joglekar

Amol S Joglekar (Expert)

04 January 2017 Affidavit
I, mr xxxxxx, age xxxx, occupation xxxxx, PAN xxxxxxx, residing at xxxxxxx, having business under the name and style of xxxxxxxx do hereby solemnly declare and take on oath that
01 the tax audit of the above mentioned business has been conducted by CA xxxxxxx and the report has been uploaded on xxxxxxx and the same has been approved by me on xxxxxxxxxx
02. while providing the list of creditors for the said report, the name of yyyyyy has been replaced for xxxxxx, through oversight, by me.
Whatever stated above is true and correct, to the best of my knowledge and belief.
(Make suitable changes, if any, to suit your situation. You may add certain points as well, in the affidavit)

So far as rectification report is concerned.....please ask the CA to upload REVISED tax audit report

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