27 January 2011
After filing of ITR in time , the assessee found some mistake in the profit and loss account. Due to this there was incorrect computation of deduction u/s 80IB. Now the assessee (partnership) wants to corect its balance sheet, revised correct ITR and claim correct 80IA deduction.
How the same can be done. What will be the date of revised tax audit. Will deduction will be available U/s 80IA
Guest
Guest
(Expert)
27 January 2011
There is no provision for revised tax audit. However, you can revise the return of income within the limitation depending on A.Y. if your original return was filed timely.
28 January 2011
Agree.. There is no provision to revise the Tax audit. Also Tax audit view can differ from assessee and CA. and its not wrong also.
Revise ITR and Balancesheet. And if its done this year than original balance sheet and Tax audit report is not submitted to IT. And no need to change tax audit report.
Guest
Guest
(Expert)
28 January 2011
I don't think that a CA can change his audit report
29 January 2011
There was some incorrect figures in the Profit and loss account and Balance sheet due to which the annual accounts are now getting changed. so what is the remedy then to the tax auditor. Further what are the ICAI guidelines for tax auditor in this respect
Guest
Guest
(Expert)
29 January 2011
You may pl call at 09414463655 if you have not filed audit report .
Guest
Guest
(Expert)
29 January 2011
As per institutes guidelines, CA can not change the report.
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