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Query on Tax Audit

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G RAKESH

Article Assistant

75 Points Posted on 08 February 2022

Hi,

We are already filed the IT Return for the F.Y. 20-21, under Sec 44AD, are now are the IT Portal allow to do Tax Audit for the Same F.Y. without revising the Return.

Turnover is < 2 Crores.

Thanks in Advance.

Replies (2)

Quick Summary

A user is asking if it's possible to conduct a tax audit for the financial year 20-21 under Section 44AD after already filing their Income Tax Return for that year. They've noted their turnover is below £2 Crores. The response explains that typically, a tax audit report is filed before the Income Tax Return, and attempting to file it afterwards might present practical difficulties, although the formal procedure involves accepting the CA-approved audit report before filing the IT return.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 08 February 2022

Generally TAR has to be done first & then ITR filing has to be done.You may get practical issue while doing e filing

R.Venkadesh

Article Assistant

86 Points Posted on 09 February 2022

Practical issues may arises if the tax audit report and income tax return not filed on same date. but the actual procedure is accepting the audit report approved by the chartered accountant and then filing income tax return.