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REVISION of Tax audit report

furquan ahmad (Article Assistant) (129 Points)

01 June 2018

Data is misplaced in tax audit report.
now I want to change and file revised tax audit report.
can I revise?
if yes
then what will be date of furnishing of tax audit report
date of revise or original furnishing date

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2 Replies

Siddharth Goel (Chartered Accountant) (3031 Points)
Replied 01 June 2018

Hi As per section 44AB of the Income Tax Act, 1961, report under section 44AB should not normally be revised. However, as per the Guidance Note on Tax Audit Report issued by ICAI, sometimes a member may be required to revise his tax audit report on grounds such as: (i) revision of accounts of a company after its adoption in annual general meeting. (ii) change of law e.g., retrospective amendment. (iii) change in interpretation, e.g. CBDT Circular, judgements, etc. (iv) others i.e software error/ error in uploading etc.(taken from Department Website) Hence, in this case, the Tax Audit Report may not be revised as the reason given by you does not fit in the reasons listed above. You may need to revise the acounts if you want to make the changes in the Tax Audit Report. Also, the time limit of revision of Tax Audit Report is within 1 year of the date of filing of original return.

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