E-filing of Tax Audit Reports

[ERO0097082 Gaurav Agarwal]

Dear Professional Colleagues

I have to file form 3CA and 3CD of an assessee. For this I have registered myself as the Tax professional. The assessee had also added me as his CA. I have filled the Forms 3CA and 3CD. Alongwith the xml files of 3CA & 3CD; there is a requirement to attach Balance Sheet, Profit & Loss Account, Cost Audit report, Excise and/or Other reports. In respect of the same I have the following queries:

1. Whether notes to Financial Statements, Schedules, Audit Report under the Companies Act, 1956, Income Tax Computation are also required to be attached alongwith Balance Sheet and P/L A/c? If yes, where are the same to be attached.

2. whether the Tax Audit Report is to be uploaded first or the Income Tax Return?

3. Is the mandatory for the Auditor signing the Balance Sheet and Tax Audit Report to upload the Tax Audit Report or any CA can also upload it?

4. In the Income Tax Return, there is a requirement to provide "Date of Furnishing to the Audit Report" and "Date of Audit Report". What is the difference between the two? Can both dates be the same?

Plz reply.

--
Every success is built on the ability to do better than good enough

With Regards
GAURAV AGARWAL
Mob. No. +(91)98306-84682

[raun...@gmail.com]

1. Whether notes to Financial Statements, Schedules, Audit Report under the Companies Act, 1956, Income Tax Computation are also required to be attached alongwith Balance Sheet and P/L A/c? If yes, where are the same to be attached.

Ans:ONLY BALANCE SHEET,P&L and schedules need to be attached(Assuming Company has no cost audit/excise audit). Scan the Whole document as one does for ROC purpose. Make a Balance Sheet pdf file which should contain the BALANCE SHEET and the related schedules. Make another PDF File for P&L.
 

2. whether the Tax Audit Report is to be uploaded first or the Income Tax Return?

Ans: The Tax audit should be uploaded first. 

3. Is the mandatory for the Auditor signing the Balance Sheet and Tax Audit Report to upload the Tax Audit Report or any CA can also upload it?

Ans: It is mandatory for both the Assesse and the Auditor to stamp and sign the Balance Sheet and P&L. 

4. In the Income Tax Return, there is a requirement to provide "Date of Furnishing to the Audit Report" and "Date of Audit Report". What is the difference between the two? Can both dates be the same?

Ans: I personally keep both the dates same.
I GUESS Date of furnishing of Auditors Report is the date on which the form 3CD was uploaded/accepted by the Assesse online.
Date of Audit report is the date on which the audit report was actually signed. 

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Any Corrections of my answers will be appreciated.

With Regards,

CA Rounak Ramuka.

Partner
B.K.Ramuka & Co.
bimales...@vsnl.net
raun...@gmail.com

[Venugopal.G]

Replies in the line

 

 

Regards

Venugopal.G

 

From: foru...@googlegroups.com [mailto:foru...@googlegroups.com] On Behalf Of ERO0097082 Gaurav Agarwal
Sent: Wednesday, August 07, 2013 4:06 PM
To: forum4ca; Google Groups
Subject: [CA RUNGTA PD] E-filing of Tax Audit Reports

 

Dear Professional Colleagues

I have to file form 3CA and 3CD of an assessee. For this I have registered myself as the Tax professional. The assessee had also added me as his CA. I have filled the Forms 3CA and 3CD. Alongwith the xml files of 3CA & 3CD; there is a requirement to attach Balance Sheet, Profit & Loss Account, Cost Audit report, Excise and/or Other reports. In respect of the same I have the following queries:

 

1.     Whether notes to Financial Statements, Schedules, Audit Report under the Companies Act, 1956, Income Tax Computation are also required to be attached alongwith Balance Sheet and P/L A/c? If yes, where are the same to be attached.

Yes, Notes/Schedules form part of the financials. So those needs to be attached

 

2.     whether the Tax Audit Report is to be uploaded first or the Income Tax Return?

Tax Audit report first, then ITR

 

3.     Is the mandatory for the Auditor signing the Balance Sheet and Tax Audit Report to upload the Tax Audit Report or any CA can also upload it?

NO, only the CA signing can upload not any one.

4.     In the Income Tax Return, there is a requirement to provide "Date of Furnishing to the Audit Report" and "Date of Audit Report". What is the difference between the two? Can both dates be the same?

Yes both can be same

 

Plz reply.

--
Every success is built on the ability to do better than good enough

With Regards
GAURAV AGARWAL
Mob. No. +(91)98306-84682

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[ERO0097082 Gaurav Agarwal]

Sir

Thanx for your prompt reply.

In Point No. 3 I wanted to know, if a person is not an Auditor of a Company (he is just a Chartered Accountant neither signing Tax Audit Report nor signing the Balance Sheet) can he upload the Tax Audit Report which is not signed by him. Plz reply.

On Thu, Aug 8, 2013 at 12:59 AM, RAJ SINGHANIA <rajsing...@yahoo.co.in> wrote:

Dear Sir,

Point wise reply of your query is as follows :-

1. Yes, all the documents relating to financial statements being audit report, schedules and notes should be attached in pdf format (preferably signed copy duly scanned) Income tax computation need not be attached.

2. Now, the ITR forms are not being validated unless you put the date of uploading of tax audit report(TAR). It means that uploading of TAR is must before filing of return.

3. In case where there is a single tax Auditor, the TAR should be uploaded by him only, even if the balance sheet is signed by some other chartered accountant. However in case of joint tax auditors, any one of them can upload TAR after combining all the         TARs signed by different auditors. 

4. Date of audit report to be filled in ITR is the actual date of signing of TAR in physical form. Date of furnishing the same is the date which will be reflected in the CAs portal once the TAR submitted by the CA is approved by the assessee. Practically           both the dates should not be the same.

 

Regards

Raj Singhania, FCA
+91-9830227678

----- Forwarded Message -----
From: ERO0097082 Gaurav Agarwal <gaurav...@icai.org>
To: forum4ca <foru...@googlegroups.com>; Google Groups <echange-pro...@googlegroups.com>
Sent: Wednesday, 7 August 2013 4:05 PM
Subject: [CA RUNGTA PD] E-filing of Tax Audit Reports

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[CA. Lekh Ram Nyoliwala]

Hello Gaurav

In my opinion, the reply to your queries is as under :

Query 1 : You need to upload only the balance sheet and P/L of your client in PDF format.

Query 2 & Query 4 :  You need to upload the tax audit report first and then the income tax return since you got to fill in the date of furnishing of audit report in the first page of ITR. Again, the date of furnishing of return and date of audit report can be same provided you upload the audit report on the date of signing the hard copy of audit report.

Query 3 : The CA signing the audit report shall upload the forms since he need to authenticate it using his/her DSC.

Hope the above replies will be useful to you. In case any further clarifications is required please feel free to call me on the under mentioned contact details.

Regards

Lekh Ram Nyoliwala, 

B.Com (H), A.C.A, DISA ( ICAI )

M/s L. R. Nyoliwala & Co.

Chartered Accountants
Opp. Gurudwara, Sevoke Road, Siliguri - 734001

Phone : (+91) 9832336005
Email : ca.le...@gmail.com

Website : http://lrnyoliwalaco.icai.org.in/

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[tibrewa...@gmail.com]

Pointwise reply
1. Notes to accounts part of the bs and pl and it is to be scan along with audit report .no need to attach cti
2. There is no corelation between the two you may upload anyone first or last

3.only signed copy of bs,pl and notes is to be attached . Tar not to be scanned

4. Both date can be same

Sent from BlackBerry® on Airtel

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From: ERO0097082 Gaurav Agarwal <gaurav...@icai.org>

Sender: foru...@googlegroups.com

Date: Wed, 7 Aug 2013 02:35:54 -0800

To: forum4ca<foru...@googlegroups.com>; Google Groups<echange-pro...@googlegroups.com>

ReplyTo: foru...@googlegroups.com

Subject: [CA RUNGTA PD] E-filing of Tax Audit Reports

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[CA. Chiranjiv Sodhi]

Dear Gaurav ji,

1. In case of companies, you have to attach balance sheet, p/l account and notes. No income tax computation is required to be attached. If you want to attach some other document, you can attach in "Other reports"

2.  Tax Audit report is to be upload first.

3.  This is the duty of the auditor to upload the audit report along with other financial statements.

4.   Date of Audit Report means the date on which audit report was signed. And the Date of Furnishing of Audit Report means the date on which the audit report was filed (after approval of assessee).

I hope, your doubts must be clear now.

 

CA. Chiranjiv Sodhi
B.Com, FCA, DISA(ICA)

Partner:

SODHI & ASSOCIATES

CHARTERED ACCOUNTANTS

131-VIRAT NAGAR, MODEL TOWN, PANIPAT (HARYANA) 132103

PHONE:  098125-06464

Moderator:   "PANIPAT CHARTERED ACCOUNTANTS GROUP"

Join Panipat Chartered Accountants Group.  

Click on      

 http://finance.groups.yahoo.com/group/Panipat_CA/join

===============================================================

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From: ERO0097082 Gaurav Agarwal <gaurav...@icai.org>

To: forum4ca <foru...@googlegroups.com>; Google Groups <echange-pro...@googlegroups.com>

Sent: Wednesday, August 7, 2013 4:05 PM

Subject: [CA RUNGTA PD] E-filing of Tax Audit Reports

[Asok Kumar Chakrabarti]

Dear Gaurav- Can you please advise as to the procedure for registration as Tax Professional. Regards: CA. A.K.Chakrabarti

On Wed, Aug 7, 2013 at 4:05 PM, ERO0097082 Gaurav Agarwal <gaurav...@icai.org> wrote:

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[bhowmick_ac .]

Sir, 

1. While filing respective ITR form ( assesse's login ) in IT website there is a requirement to select whether assessee is liable for audit u/s 44AB while clicking that a page appears where an option is provided to attach balance sheets and PL with audit report size not more than 20mb in pdf scanning.

2. You can upload any form first but within due date to avoid penalties under relevant sections.

3. Statutory Auditor and TAX auditor may be different persons. Tax Auditor have to upload the forms 3CA / 3CB - 3CD.

4. Date of furnishing report is the date when it is furnished to the IT department. whereas date of audit report is date provided in the audit Report.

CA Suhas Mitra

9831657454

On Wed, Aug 7, 2013 at 4:05 PM, ERO0097082 Gaurav Agarwal <gaurav...@icai.org> wrote:

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[RAJ SINGHANIA]

Dear Sir,

Point wise reply of your query is as follows :-

1. Yes, all the documents relating to financial statements being audit report, schedules and notes should be attached in pdf format (preferably signed copy duly scanned) Income tax computation need not be attached.

2. Now, the ITR forms are not being validated unless you put the date of uploading of tax audit report(TAR). It means that uploading of TAR is must before filing of return.

3. In case where there is a single tax Auditor, the TAR should be uploaded by him only, even if the balance sheet is signed by some other chartered accountant. However in case of joint tax auditors, any one of them can upload TAR after combining all the         TARs signed by different auditors. 

4. Date of audit report to be filled in ITR is the actual date of signing of TAR in physical form. Date of furnishing the same is the date which will be reflected in the CAs portal once the TAR submitted by the CA is approved by the assessee. Practically           both the dates should not be the same.

 

Regards

Raj Singhania, FCA
+91-9830227678

----- Forwarded Message -----
From: ERO0097082 Gaurav Agarwal <gaurav...@icai.org>
To: forum4ca <foru...@googlegroups.com>; Google Groups <echange-pro...@googlegroups.com>
Sent: Wednesday, 7 August 2013 4:05 PM
Subject: [CA RUNGTA PD] E-filing of Tax Audit Reports

[P K Agarwal]

Dear Mr Gourav,

1. Notes to Financial statements, Schedules etc which form part of the Audited Accounts has to be attached. The schedules forming part of Profit & Loss A/c may be attached with the Profit & Loss Account attachement button and the other schedules notes, auditors report etc may be attached along with balance sheet. Pl remeber to attached PDF copy of the signed documents OR the PDF copy of Excell/ word file of the Audited accounts duly Digitally signed by the person digitally siging the Income Tax Return. But for the second option of digitally signing the PDF documents you may need appropriate software.

 

2. Tax Audit Report has to be uploaded before uploading the Income Tax Return.

 

3.It is not mandatory but desirable that the person signing the TAR need himself upload it to maintain secrecy of his password.

 

4. "Date of furnishing the Report" referes to the date of uploading of TAR (Tax Audit Report) by the auditor and "Date of Audit Reoprt" refers to date on which such Audit Report has been signed by the Tax Auditor. Both date can be same if the Tax Auditor has uploaded it on the date of signing the TAR.

CA P K Agarwal
madanlala...@vsnl.net

 

MADANLAL & ASSOCIATES
Chartered Accountants
29A Rabindra Sarani
3rd Floor, Room No 9
Kolkata 700073

 

Ph: 03325481296
      03322353484
      09830459297
      09830262464

----- Original Message -----

From: ERO0097082 Gaurav Agarwal

To: forum4ca ; Google Groups

Sent: Wednesday, August 07, 2013 4:05 PM

Subject: [CA RUNGTA PD] E-filing of Tax Audit Reports

--

[Venugopal.G]

Hi Suhas,

 

Tax Audit report shall be furnished first and that shall be mentioned in the ITR by the assesse.

 

Venu

[bhowmick_ac .]

Gaurav,

Only Tax Auditor who has signed the TAR and whose DSC is used to upload the 3CD can file the form not any other CA.

CA Suhas Mitra

9831657454

[Venugopal.G]

Dear Mr.Agarwal,

 

One correction “ Date of Furnishing the report” is NOT the “date on which CA uploaded”, but the “Date on which Assesse has approved it”

 

 

Regards

Venugopal.G

 

From: foru...@googlegroups.com [mailto:foru...@googlegroups.com] On Behalf Of P K Agarwal

Sent: Thursday, August 08, 2013 1:09 PM
To: foru...@googlegroups.com

[Venugopal.G]

Hi Ashok,

 

PFA the detailed presentation of the entire process of TAX Audit report filing and procedure.

 

 

Regards

Venugopal.G

 

From: foru...@googlegroups.com [mailto:foru...@googlegroups.com] On Behalf Of Asok Kumar Chakrabarti
Sent: Thursday, August 08, 2013 12:16 PM
To: foru...@googlegroups.com
Subject: Re: [CA RUNGTA PD] E-filing of Tax Audit Reports

 

Dear Gaurav- Can you please advise as to the procedure for registration as Tax Professional. Regards: CA. A.K.Chakrabarti

[Tanu Agarwal]

1. only signed b/s nd p/l needs to be uploaded....schedules are optional ..nothing apart from these.

2. tax audit report needs to b uploaded first then ITR

3. it is manatory since while uploading TAR digital signature of CA signing it is reqd. It shud be same since while creating professional id digital signature is also uploaded.

4. yes it can be same... it means the date of uploading is date of furnishing nd date of signing the TAR manually by the CA alongwith the Clients is the date of TAR. in other words date of finalising TAR is Date of TAR (Tax Audit Report)