Revised return of statutory audit case for ay 11-12.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2012 Dear experts,
My client had filed statutory audit return for the AY 11-12 through a from Kerala, and now there we have detected some advances, and other payments left out for the relevant asst year 11-12.this was detected while filing the return for AY 12-13. Now do is it safe to file a revised audit return ? at this stage, and please suggest me as to what has to be done in this case as our clients wants us to incorporate the correct details as left out in the last return. Do we file a revised return and file Form 3cb now.? or what has to done kindly advise on the same.

naresh

naresh (Expert)
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24 December 2012 Revised return can be filed within 12 months from the end of the relevant Assessment Year i.e for A.Y 2011-12 or before completion of Assessment whichever is earlier.
i.e You can file revised return on or before 31st March 2013 provided Assessment has not yet been completed yet