Shall we file revised return where the accounts are audited

This query is : Resolved

k.b.nagesharao

k.b.nagesharao (Querist)
Follow

22 October 2016 we have filed our I.T.Returns which are audited case u/s 44AB. While verifying the online return we found there are mistakes in the return. Shall we rectify and file revised return and audit report.

thanks in advance

K.B.NAGESHA RAO
9448826793

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

22 October 2016 Yes revised return and audit report can be filed.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

22 October 2016 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.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok