Revised tax audit returns

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2013 Sir, please let me know if a revised tax audit return for the AY 12-13 can be filed now ?
Should we have to file the return with the audit report afresh as revised citing reasons for revised ? pls clarify.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 April 2013 Report under section 44AB should not normally be revised. However, a member may be required to revise tax audit report on grounds such as :-
i) revision of accounts,
ii) change of law,
iii) change in interpretation.
Then the auditor must mention in the revised report that the said report is a revised report and a reference should be made to the earlier report also.

In view of the above guidance of ICAI, REVISED AUDIT REPORT along with revised financials ,signed by the tax auditor, should be obtained before initiating revised filing of the income tax return.

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