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.
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