there was wrong entry made while filing the tax audit report i.e., 3cb n 3cd as a result there was an intimation for adding an income of 1.2lacs.. is the rectification possible?
"...It may be pointed out that report under section 44AB should not normally be revised.
However, sometimes a member may be required to revise his tax audit report on grounds such as:
(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 Circular, judgements, etc.
13.12 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."
Leave a Reply
Your are not logged in . Please login to post replies