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Revision of tax audit report

CA Priti Bamal (138 Points)

04 November 2019

Can tax audit report be revised now?

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3 Replies

Surjeet Negi (947 Points)
Replied 05 November 2019

There is no limit to revise the Tax audit reports. ... After going through the Guidance Note of Tax Audit u/s 44AB of Income Tax Act-1961, it is very clear that Tax Audit report should not be normally revised

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sabyasachi mukherjee (27334 Points)
Replied 11 November 2019

The tax audit report can be revised as suggested by the ICAI IN SA 560. REVISED FOR subsequent events.

Kapadia Pravin (17259 Points)
Replied 14 November 2019

Yes, it can be revised. However In case of revision, the tax audit report should be given in the manner suggested by the Institute in SA-560 (Revised) Subsequent Events.

It may be pointed out that report under section 44AB should not normally be revised.

The revision of the Tax Audit report is directly related to taxation implications of the revised tax audit report.

The reasons of subsequent events are defined, but some puerperal reasons are also justified to revise the Tax audit Report.

The e-filing portal allows uploading such Revised Audit Report by the CA for the same PAN and Assessment Year