Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Regarding updated Return After Submission of Income Tax Audit Report

Save Share

This query is : Resolved

Suresh S. Tejwani (Querist)
Follow

11 March 2026 The case is as explained below.
The Party has filed Original Return for Financial Year 23-24 and 24-25 and Later it has been came to the knowledge that the party is liable to income tax audit as the turnover exceeds the limit. So , After Filing of Original Return , and Submission of Income Tax Audit Report , Updated Return can be filed or not with the same Figure ??

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

12 March 2026 You cannot file an Updated Return (ITR-U) with the same figures just to include an audit report, as ITR-U requires a payment of additional tax. Since the deadlines for Revised Returns for FY 23-24 and FY 24-25 have passed, your best approach is to upload the audit report now and wait for a "Defective Return" notice (Section 139(9)) from the department, which will allow you to correct the filing.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now