Variance notice section 143(1)(a)

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2018 The notice is about disallowance of expenditure indicated in audit report but not taken into account in computing total income in ITR u/s 143(1)(a)(iv)
.Particulars: As per ITR As per Tax Audit
Report
Inconsistency in amount 0 say 2/- lac
disallowable under section 40(a)(i),
on account of non compliance with the
provisions of chapter xvii-B sec 40
Query: How to rectify this inconsistency? We have mentioned erroneously amount under column of section 40(a)(i) instead of 40(a)(ia)in tax audit report. We have uploaded revised audit report by correctly mentioning amount under column 40(a)(ia). Whether we need to revise ITR also since there is no mistake in ITR.

How to answer the query when the below mentioned 3 options are coming:
1.Agree (file revised ITR return)
2.Partially Agree (file revised ITR return)
3.Disagree (Response).

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 July 2018 Option 1 agree and revise both return and audit report.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2018 We have already revised ITR once earlier and for this we again need to revise the return. Which date and acknowledgement no. should be mentioned in the 2nd revised return? i.e. whether of original or 1st revised return.

Also after uploading revised tax audit report against this query, in the revised ITR which date of audit report should be mentioned, whether original or revised audit report.?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 July 2018 1 Original.
2 Revised audit report.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2018 Thank you so much for quick reply.

If we mention revised audit report date in ITR which is after the due date,then whether there is any chances of penalty provisions to be imposed for late filing of audit report?