Withdraw and Revision of Audit Report Form 10 B

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This query is : Resolved

BALASUBRAMANIAN SURESH (Querist)

05 October 2022 on 30th september' form 10 B was filed with wrong figures with correct Statements of Accounts. Is it possible to withdraw the wrong Report and file the correct one. No option is available in the
I T Portal to Revise 10 B audit Report Abinaya

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

11 July 2024 If you have filed Form 10B with incorrect figures but the correct Statements of Accounts were attached, and you wish to rectify this error, here’s the procedure you can follow:

### Steps to Rectify the Error in Form 10B:

1. **Preparation of Correct Report**:
- Prepare a corrected version of Form 10B with the accurate figures and information.

2. **Request for Revision**:
- Unfortunately, as you mentioned, there is no direct provision on the Income Tax Portal to revise Form 10B once it has been filed.
- However, you can rectify this by submitting a letter or application to the Assessing Officer (AO) explaining the mistake and requesting permission to file a revised Form 10B.

3. **Letter to AO**:
- Write a letter addressed to the AO under whose jurisdiction your organization falls.
- Explain clearly the details of the mistake made in the original Form 10B and attach a copy of the corrected Form 10B with the accurate figures.
- Request the AO to accept the corrected Form 10B and to consider it for the assessment purpose.

4. **Acknowledgment and Response**:
- Upon receipt of your letter and attachments, the AO will review the request.
- If satisfied with the reasons and the corrected Form 10B, the AO may accept it as a substitute for the originally filed incorrect form.

5. **Follow-up**:
- Follow up with the AO to ensure that they have received your request and that necessary action is being taken.
- Keep records of all communications and correspondence for future reference.

### Additional Points to Consider:

- **Timeliness**: It’s important to rectify the error promptly to avoid complications during assessment.
- **Documentation**: Ensure all documents, including the corrected Form 10B and your letter to the AO, are properly organized and submitted.

### Conclusion:

While the Income Tax Portal may not have an automated provision for revising Form 10B directly, you can rectify the error by submitting a request to the Assessing Officer explaining the mistake and providing the corrected form. This approach ensures compliance and accuracy in your filing process. Always maintain clear communication with the tax authorities to resolve such issues effectively.

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