Tax audit u/s 44ab

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 An auditor had audited a sole - Proprietorship concern for the F.Y 2007-08 u/s 44AB on 18.09.2008 i.e within due time and return submitted accordingly in due time on the basis of such accounts.

Now whether is it possible for another auditor to certify a revised accounts for the same F.Y 2007-08 on 07.01.2014 u/s 44AB

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

13 June 2014 a tax audit report can be revised only under certain circumstances. if any of these circumstances can be satisfied, you can submit the revised audit report.

a return can be revised under following circumstances:

(i) revision of accounts of a company after its adoption in annual general meeting.

(ii) change of law e.g., retrospective amendment.

(iii) change in interpretation, e.g. CBDT’s circular, judgments, etc.

(iv)Any other reason like system/software error requiring change in report already
uploaded.

In case, where a member is called upon to report on the revised accounts, then he 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 the revised report, reasons for revising the report should also be mentioned.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now