Filing of Revised Return
This query is : Resolved
22 October 2009
Sirs, My client filed the return for Assessment year 2009-10 on 30th Sept,2009 which was a tax audit but he fails to give tax auditor details What are the consequences he faced?(Is there impose any penalty on that if yes in which section it was said)? If failed Revised return now then will he liable to pay any penalty? plz tell me?
CA. B.SRINIVASULU
(Expert)
22 October 2009
Your client is in problem. He should have revised immediately. Now he can revise but he should have proper proof with him that tax audit has been conducted well before 30-9-2009 and you have to produce the details to the assessing officer. Kindly file revised return and have proper details in hand.
Shyam Lal Naik
(Expert)
22 October 2009
The only proof required is the tax audit report, which should have been signed on or before 30/09/09, which is at the disposal of your client. Not an issue at all.
CA SANJAY MUKHERJEE
(Expert)
22 October 2009
Agree with expert Naik.
Deepak Goel
(Expert)
22 October 2009
Agree with expert
22 October 2009
Naik sir, When it is not revised Is it go to any problem?He has sufficient proofs? Plz tell me!
23 October 2009
Was the tax audit report signed off before 30/9/09 ?
If u have obtained a report before 30/9 , i guess its fine .
The details which are required to be changed now , does it effect the ITR sheet of tax audit ?
If it effects the ITR tax audit sheet then its a mess .
If u have obtained a report before 30/9 , i guess its fine .
The details which are required to be changed now , does it effect the ITR sheet of tax audit ?
If it effects the ITR tax audit sheet then its a mess .
Shyam Lal Naik
(Expert)
23 October 2009
Dear Saikiran,
You must revise the return immidiately. What is the sense in deferring the problem. The more you defer, the stronger the it becomes.
You must revise the return immidiately. What is the sense in deferring the problem. The more you defer, the stronger the it becomes.
Kumar Agarwala
(Expert)
24 October 2009
NO ANY PROBLEM, HOWEVER TAX AUDIT REPORT SHOULD HAVE BEEN SIGNED ON BEFORE 30/09/2009
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