How to rectify Incorrect Balance sheet uploaded in TAR
This query is : Resolved
02 November 2024
What to do if TAX Audit done with incorrect balance sheet uploaded & also accepted by assessee.
Whether TAR need to be revised?
Whether TAR need to be revised?
02 November 2024
ICAI Guidelines:
The ICAI has issued guidelines on revising tax audit reports in its "Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961" (updated 2022).
Conditions for Revision:
Additional information or documents become available after the original report's submission.
There's a change in the tax laws or notifications that affect the original report.
Errors or omissions are discovered in the original report.
To revise a tax audit report:
Obtain written instructions from the assessee.
Document reasons for revision.
The ICAI has issued guidelines on revising tax audit reports in its "Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961" (updated 2022).
Conditions for Revision:
Additional information or documents become available after the original report's submission.
There's a change in the tax laws or notifications that affect the original report.
Errors or omissions are discovered in the original report.
To revise a tax audit report:
Obtain written instructions from the assessee.
Document reasons for revision.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- DTCP approval
- Applicable TDS rate for sale of property in Nov 2024
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- GST ON EXPORT COMMISSION
- TDS U/S. 194NF
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
