Tax audit

This query is : Resolved

vishal (Querist)
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24 June 2014 DEAR SIR/MAM

After revising it return is it necessary to file revised audit report?

Please replay as early as possible.

Thanks

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 June 2014 yes since the original return has been revised.

vishal

vishal (Querist)
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25 June 2014 THANKS A LOT SIR
Is there any TIME LIMIT FOR FILLING REVISED AUDIT REPORT ? AND IS THERE ANY PENALTY OR INTEREST ON FILLING REVISED TAX AUDIT REPORT?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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26 July 2025 Great questions! Here's the detailed answer:

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### 1. **Is there a time limit for filing revised tax audit report?**

* The tax audit report (Form 3CA/3CB and 3CD) is normally filed **along with the Income Tax Return (ITR)** or before the due date of filing the return.
* If you are filing a **revised return**, the revised audit report **should be filed simultaneously with the revised return**.
* The Income Tax Act does **not specify a separate strict deadline exclusively for revised audit reports**, but the revised audit report must be filed **before the completion of assessment or before the return is processed**.
* Practically, file the revised audit report **as soon as possible** after revising the return to avoid issues or queries from the department.

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### 2. **Is there any penalty or interest on filing revised tax audit report?**

* **No specific penalty or interest** is prescribed for filing a revised tax audit report per se.
* However, if the delay in filing the audit report (original or revised) leads to **non-compliance with Section 44AB**, a penalty under **Section 271B** may apply.
* Penalty under Section 271B is **0.5% of turnover**, subject to maximum Rs. 1,50,000 for failure to get accounts audited or for late audit report filing.
* If the revised audit report leads to **additional tax demand or disclosure of more income**, interest under **Section 234A/234B/234C** may be applicable for late payment of tax.
* So, delay in filing or revising audit report may attract penalty/interest **only if overall compliance is delayed or tax liability increases.**

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### **Summary:**

| Query | Answer |
| --------------------------------------- | ------------------------------------------------------------- |
| Time limit for revised audit report | Should be filed along with revised ITR or ASAP after revision |
| Penalty on filing revised audit report | No direct penalty, but delay can cause penalty under 271B |
| Interest on filing revised audit report | No direct interest, but applicable if tax payment delayed |

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**Recommendation:**
File revised audit report immediately when revising the return to avoid penalty risk.

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If you want, I can help you draft the revised audit report or guide you on procedural compliance!

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