Revision of audit report u/s 44ab

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2012 Can audit report u/s 44AB be revised??

Case : An individual got his books audited for A.Y. 2012-13 & filed the income tax return before due date . In October 2012 he detected that there were expenses which were missed out in the audited profit & loss account.Now the said person has decided to revise the return & claim the due refund.
My question is - whether the auditor is required to change the date of audit report as he will be signing the revised profit & loss account at a date later than the previous one ???

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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29 October 2012 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.

The revised audit report must have another date succeeding the date of the original report.

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2012 Thankyou Sir

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