HI EVERYBODY......
I WOULD BE THANKFUL IF ANYBODY ANSWERS THE FOLLOWING QUERY.....
QUESTION.
IF ITR OF ANY FIRM LIABLE TO TAX AUDIT U/S 44AB HAS BEEN FILED WITHOUT FILLING DETAILS OF AUDIT (ie. ITS BEEN TICKED BY MISTAKE AS AS NOT LIABLE TO TAX AUDIT AND WITHOUT FILLING DETAILS OF AUDITOR AND DATE OF AUDIT REPORT, ETC.), WHEREAS IN ACTUAL, AUDIT IS BEEN DONE BEFORE DUE DATE AND REPORT BEEN RECEIVED BY THE CLIENT AS BEEN REQUIRED BY SECTION 44AB; THEN CAN THE MISTAKE BE CORECTED JUST BY FILING A REVISED RETURN NOW ??
FURTHER CAN IT GIVE RISE TO PENALTY U/S 271B, ONLY FOR THE REASON OF NON FILLING DETAILS OF AUDIT IN THE ITR, WHICH IS BEEN CORRECTED IN THE REVISED RETURN ??
FURTHER, CAN IT LEAD TO SELECTION OF SUCH FILES FOR SCRUTINY U/S 143(3) ??
WHAT IF, THE SAME MISTAKE IS DONE IN NO. OF CASES, SAY FOR 20 CLIENTS AT THE SAME TIME ??
CAclubindia
