After Audit & IT Return filed, Received NewTDS certificate

Valerian Dsouza (Manager Audit & Taxation)   (413 Points)

18 February 2010  

An Assessee, (Proprietory concern) whose Tax audit is done & return is e-filed before 30-09-2009. Thereafter he receives form 26 AS from NSDL, showing therein more TDS, than claimed in the original IT Return.

In accounts only Debtors balance reduced and IT Refund amount increases.  Assessee have to file revised e-return. Whether accounts are to be re-audited ? If yes is there any penalty for re-audit carried out after 30-09-2009?  Please advise.  I am very thankful to you.

Valerian D'Souza,

Manager Account of a Private Limited Company