• Income tax audit report

Hi,
Can you please tell me if Income TAX Audit report 44AB (AY-22-23) 3CD can be revised ?

Does it increase chance of scrutiny. Looks like CA did some mistake in calculation .

Thank you
Asked 1 month ago in Income Tax

You can revise it

 

Yes in general with the revision the 3CD chances are higher that it may go under detailed scrutiny to check the reason for the chnage of audit report by CA or change of their opinion

Vishrut Rajesh Shah
CA, Ahmedabad
841 Answers
34 Consultations

5.0 on 5.0

There is a provision in rule 6G to revise Form 3CD but it is for a very limited purpose i.e. for section 40 and 43B.

 

However practically you can revise 3CD for other reasons as well.

 

Yes there are chances for scrutiny if tax audit is revised but it depends as to what changes have been made and how material it is.

 

You can read more here: https://www.taxontips.com/amendment-in-tax-audit-rules-and-tax-audit-report-for-fy-2020-21-now-you-can-revise-tax-audit-report/

 

Hope you find the information helpful, if yes do rate if 5 and provide your valuable feedback for my improvement.

Thank you.

Naman Maloo
CA, Jaipur
4081 Answers
74 Consultations

5.0 on 5.0

- Yes it can be revised before the end of the relevant assessment year. 

- Chances of scrutiny depends on the reason of the revision. It can be reduced or minimized if the ITR has been filed in accordance with the revised tax audit report. If the ITR has already been filed then you should also file revised ITR.

 

For detailed discussion you may opt for phone consultation.

Vivek Kumar Arora
CA, Delhi
4518 Answers
638 Consultations

5.0 on 5.0

Yes. You can file a revise audit report. It really does not increase chance of scrutiny.  You should preserve the reasons and supporting and valid reasoning for such error made in original filings.

Jasmina Jain Shah
CA, Greater Mumbai
450 Answers
4 Consultations

5.0 on 5.0

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