Regarding to Tax audit for A.Y. 2021-22
This query is : Resolved
Quick Summary
23 August 2022
whether Tax audit for A.Y. 2021-22 is revised?
24 August 2022
What is the reason for the revision?
24 August 2022
Accountant had shown Partners interest, remuneration in capital account and reported in 3CD form under clause 16a and not reported in Income Tax return under sl. no. 5(a) of part A OI. hence, Department has raised demand for that.
24 August 2022
In that case it cannot be revised.
Check if rectification of ITR can be filed.
Check if rectification of ITR can be filed.
24 August 2022
We had filed rectification two times but department has not consider it and raise the same demand
24 August 2022
As per guidance not of ICAI .... that the accounts can be amended to 44AB must not get amended in a regular way. But often a time the member might be needed to amend his tax audit report upon the basis like:
The amendment of the company accounts post its adoption in the AGM.
The amendment of the law is like the retrospective amendment.
Revision in interpretation, like. CBDT’s circular, judgments, and others...
Any additional cause such as the system or software issues needed the amendment in the report which was uploaded formerly.
Here you can check applicability of last option....
The amendment of the company accounts post its adoption in the AGM.
The amendment of the law is like the retrospective amendment.
Revision in interpretation, like. CBDT’s circular, judgments, and others...
Any additional cause such as the system or software issues needed the amendment in the report which was uploaded formerly.
Here you can check applicability of last option....
24 August 2022
The Income Tax (Eighth Amendment) Rules, 2021 has inserted sub-rule (3) in rule 6G vide towards the issues faced by assesses because of the provisions of section 40 and section 43B of the Act through Notification No. 28/2021 dated 1.4.2021, w.e.f. 1.4.2021.
But it provides the option for revision for any change u/s 40 or sec. 43B, only till the end of the assessment year.
But it provides the option for revision for any change u/s 40 or sec. 43B, only till the end of the assessment year.
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