E-FILING OF TAX AUDIT REPORTS UNDER INCOME

TAX ACT

AY 2013-14venu@vnv.ca

CONTENTS

History

Notification

Applicability

Process of Filing

HISTORY

HISTORY

Physical Filing ITR Tax Audit Report

eFiling Paper Less Annexure Less Returns No Tax Audit Reports No MAT Audit Reports Obtain the report and keep it

PROCESS CHANGE @ CA OFFICE

Prepare Tax Audit report @ Leisure

Priority in finalizing the books and filing the returns

Assesse Doesn’t bother to collect the docuemnts

Instance of No Tax Audit at all

No control on ceiling of the Tax Audits

OBJECTIVE

Better Compliance

Standardization of reporting Prescribed Schema Min/Max/Number

Quick Review and Analysis by ITD

Lot of Data Sync and seriousness in numbers

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NOTIFICATION

APPLICABILITY CRITERIA OF TAX AUDIT FOR AY 2013-

14

1. if the total sales, turnover or gross receipts exceeds the specified limit

2. A person covered under section 44AE, if such person claims that the profits and gains from the business are lower than the profits and gains computed under the section, irrespective of his turnover.

3. A person covered under section 44AD, if such person claims that the profits and gains from the business are lower than the profits and gains computed in accordance with the provisions of section 44AD.

A.Y. 2013-14 A.Y. 2012-13

Business 100 lakh 60 lakh.

Profession 25 lakh 15 lakh.

FORMS AND TIMELINES

Particulars Tax Audit MAT Audit Transfer Pricing

Sec 44AB 115JB 92E

Form 3CA/3CB or 3CD

29B 3CEB

Due Date 30th Sep 30th Sep 30th Nov

Penalty ½ % of TurnoverOr 1.5 Lacs

- 1 Lac

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FORMS

Total 47 Form

Offline and

Upload -7

Online Process -

40

FILING PROCESS

PROCESS OF FILING

1. CA registration – By Practicing CA

2. Add CA – By Assesse

3. Generate Returns 3CA/3CB & 3CD – XML

4. Generate Returns PL & BS – PDF

5. CA to upload the documents

6. Approve the Report

REGISTRATION

The pre-requisites for registering as Chartered Accountant in e-Filing are

1. You should be a practicing Chartered Accountant (registered with Institute of Chartered Accountants of India, ICAI, with a valid Membership Number)

2. You should have a valid Permanent Account Number (PAN) and Digital Signature Certificate.

Registration

If you are a new user, click on the Register Yourself button

Registration contd…

Registration contd…

Select “Chartered Accountant” against the radio button found under “Tax Professional” and click on the CONTINUE button.

The REGISTRATION FORM screen will appear.

Enter the details, upload the Digital Signature Certificate (DSC) and click CONTINUE button.

Registration contd…

On successful validation, you will be directed to the next page of registration where you have to enter additional details like Password, Contact, Postal address and enter the Code displayed on the screen and click on the SUBMIT button.

Registration contd…

Note: Make sure you provide a valid mobile number and an email ID, as all the future communications will be sent to this mobile number and email ID.

Successful RegistrationOn successful registration, a message will be displayed along with a transaction ID. An email with the user ID and activation link will be sent to your registered email ID.

Login to your email ID and click on the activation link. To login to e-Filing, you must activate your account.

You can now login and use the services on the portal.

ADD A CA

ADD A CA

Assessee, who needs to get his account audited u/s 44AB of the Act, shall add the CA who is going to or has signed his tax audit report by following steps given below:

Go to my account >> Add CA – Enter the membership no of CA

the system will automatically reflects the name of the CA only if he is already registered as tax professional.

ADDING A CA

ERROR WHEN A CA IS NOT REGISTERED

ON SUCCESSFUL REGISTRATION

XML PREPARATION

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GENERATE XML

Now this step is similar to generating XML file for filing Income tax Returns

Download excel utility form of the tax audit report from the link

given below, fill it completely and generate the XML file Offline forms Utility : A new Utility uploaded in place of

the Excel templates can be used

Source Go to download Forms (other than ITR) https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/L

oginHome.html?nextPage=efile

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PREPARE FINANCIAL DATA

Balance Sheet and Profit and Loss Account is required to be attached or uploaded (in PDF format) with the XML file of tax audit report, prepare the final balance sheet and profit and loss account before submitting the tax audit report.

UPLOADING OF THE DOCUMENTS

UPLOAD IN CA LOGIN

After preparing all the documents now upload it on e-filing portal of income tax by following steps:

Go to the link https://incometaxindiaefiling.gov.in/e-Filing/Logout.html?ID=872639272

Login with user id and password (e.g.ARCA654321) Go to the menu E-file Select the option upload forms Fill out the required details and submit it.

CHECK THE ASSESSE BEFORE UPLOAD

UPLOAD

UPLOAD RESULT

E-MAIL TO CA UPLOADING

E-MAIL TO CLIENT

APPROVAL BY ASSESSE

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APPROVE IN ASSESS LOGIN

Assessee whose tax audit report has been uploaded and submitted by the CA, is requiring approving the tax audit report.

Steps to be followed:-1. Login with the user id and password of assessee2. Go to work list3. Approve the tax audit report

Assessee can review the uploaded tax audit report; balance sheet and profit and loss account by CA and has the power to reject them.

In that case the complete procedure of filing after registration has to be done again.

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ASSESSE VIEW

UPLOADED FORM DETAILS

DETAILS

VIEW AFTER REJECTION

FILING STAUTS

ACKNOWLEDGEMENT SCREEN

ACK FORM OTHER THAN ITR

AUDIT REPORT FURNISHING DATE

It is the date on which the Tax Audit report was approved by the assesse

STATUS IN CA LOGIN

VIEW FORMS

Successfully Filed forms can be viewed in CA LOGIN

QUESTIONS

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WHAT?

1. Should ITR be filed along with Audit report.

2. Can Assesse modify the report?

3. Can assesse Reject the report?

4. Can a CA file a revised Audit report?

5. Ceiling limit on number of Audit in one login?

6. Should I issue SA700 Audit Report?

7. Should Last year Pending Audit reports to be done electronically?

8. What shall be form and the contents of attached BS and PL PDF?

9. What is date of furnishing tax audit report? CA Venugopal

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GENERAL KNOWLEDGE

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TO KNOW

Types of Login

Utility for Filing

Schema of 3CA and 3CD

XML Validator

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LOGIN TYPES

CA

End User Individual

End User others

ERI

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FILING UTILITY

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EXCEL UTILITY

The following forms are available to data entry and download.

Its an excel based utility

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OFFLINE FORM GENERATION UTILITY

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SCHEMA FILES

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SCHEMA – OTHER THAN ITR

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DOCUMENTS IN THE SCHEMA

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HOW TO READ SCHEMA

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VALIDATOR

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ERRORS

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ERROR ON UPLOAD

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OPEN THE XML IN EDITOR

RE-CAP

TYPES OF FORMS

OFF LINE FORMS – 3CA, 3CB, 3CD, 29B (115JB), 10B, 10BB

ONLINE FORMS – 6B –Special audit report, etc

All forms shall be digitally signed by the chartered accountant

1. GO TO 'Downloads' section and select applicable Form (other than ITR) of the desired Assessment Year OR Login to e-Filing application and GO TO 'Downloads‘-->'Download Forms' and select applicable Income Tax Form of the desired Assessment Year.

2. Download and fill the utility of the Form (other than ITR) and validate.3. Fill the utility and Validate.4. Generate an XML file and save in desired path/destination in your desktop/system.5. LOGIN to e-Filing application and GO TO --> e-File --> Upload Form6. Enter the Assessee’s PAN, CA’s PAN; select the Form Name (other than ITR) and the

Assessment Year.7. Browse and Select the XML file8. Upload Digital Signature Certificate.9. Click 'SUBMIT'.10. On successful upload, the Form (other than ITR) is sent to Assessee's workflow for

acceptance.11. The Assessee should LOGIN to e-Filing application, GO TO Worklist and

accept/reject the Form (other than ITR). 12. A) On Approval, the Form is successfully submitted with e-Filing application. No

further action is required. B) If Rejected, the Tax Professional can file the Form (other than ITR) again and follow the same process as mentioned in 10, 11 & 12a.

Steps for submission of Offline Forms (other than ITR)

1. GO TO 'e-File' menu post Login and "Submit Form Online“

2. Enter the Assessee PAN, CAs PAN, select the Form Name (other than ITR) and the Assessment Year.

3. Upload Digital Signature Certificate.

4. Click 'SUBMIT'.

5. Enter the data and Submit

6. On successful submission, the Form (other than ITR) is sent to Assessee's workflow for acceptance.

7. The Assessee should LOGIN to e-Filing application, GO TO Worklist and accept/reject the Form (other than ITR).

8. a) On approval, the Form is successfully submitted with e-Filing application. No further action is required. b)If rejected, the Tax Professional can file the Income Tax Form (other than ITR) again and follow the same process as mentioned above.

Steps for submission of Online Forms (other than ITR)

View Forms

My Account

View Forms displays the list of Forms uploaded by CA for an assessee.

The CA will type the PAN of the assessee and clicks SUBMIT button

View Client List

View Client list displays the list of clients of the CA.

My Accountcontd…

After you login, the blue navigation bar on top will display additional menu options.  The Dashboard option will provide the current notifications and also the details of your previous e-Filed returns. My Account option will provide services such as View Forms and View Client List. The e-File and Downloads options, will allow us to file our return and download Forms, respectively. The Profile Settings option will allow you to update your profile, details like digital signature upload, secret question, contact details, change password, etc.

The Worklist option will provide list of items, which may be pending for action at your end. The Helpdesk option will allow you to raise a query, if you face any issues while e-Filing and check status of the query, if raised.

Services

Being a registered user on the portal, you can file Forms (Other than ITR) electronically.  The pre-requisites for e-Filing are1. Assessee and the CA should be registered in e-Filing2. Assessee should have added the CA for the desired

Form and Assessment Year

There are two ways to file Forms electronically.

Submission of Forms (other than ITR)

END OF PRESENTATION