Procedure For E-Filling of Tax Audit Report

Procedure For E-Filling Of Tax Audit Report. Hi CA Friends Find All Details for E-Filing of Tax Audit Report From Below. We are Providing Full Procedure For E-Filing of Tax Audit Report Without Any Software. Recently We are Providing CA Final Question Papers Nov 2014 and Revision of Syllabus For May 2015 Exams we Also Provide IPCC Question Answers and Suggested Answers Nov 2014. Now We Are Providing Procedure For E-Filling of Tax Audit Report, Scroll Down Below And See Full Procedure For E-Filling of Tax Audit Report.

Needless to mention the importance of practical training in Chartered Accountancy Course, students learn the basics of practical auditing in the first year of training. Moving forward to second year of articleship and having learnt the basic fundamentals of auditing, they extend their learning in auditing by conducting tax audits of different entities-Companies, Partnership Firms, Proprietorships etc. Major task expected of them is to complete Tax Audit Report Form No. 3CD which has undergone significant amendments on 25th July, 2014 when CBDT has issued revised format of Tax Audit Report. Nineteenexisting clauses have been amended while twelve new clauses have been added. It may be worthwhile to mention that special emphasis has been placed on TDS compliance. In this article, an effort has been made to analyse the amended/new clauses and also procedure for e-Filing of Tax Audit Report at the end has been summarized for the benefit of students.

Procedure For E-Filling Of Tax Audit Report

The procedure of e-filing of tax audit report can be broadly divided in few steps as mentioned below:

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2. 1. Chartered Accountant is required to create his account on E-filing site This would be a special logi         Designed for ‘Chartered Accountants’. A separate log-in as ‘Chartered Accountant’ is required for e-     filing of Audit report although auditor may have their personal login on e-filing site to file their own           Income Tax return. The procedure for the same is discussed here under:
• ☺Open the web-page: www.incometaxindiaefiling.gov.in
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• ☺Click on tab ‘Register Yourself’ and Registration Form would appear.
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• ☺Select the User Type. For example: “Tax Professional – Chartered Accountant” and press “Continue”
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• ☺At this stage, three steps would be reflected at the top of the window – (i) enter basic details                   (ii) Registration Form and (iii) Registration successful.
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3. ☺
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• ☺Enter the basic details such as ICAI Membership no., date of enrolment, surname, Date of birth, PAN       etc. and attach the digital signature of the Chartered Accountant.
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• ☺Fill up the registration form and set the password.
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• ☺Click “Submit” and activation link would be sent to the e-mail ID of the Auditor.
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• ☺Click on the link – account would be activated and Auditor will get his User ID.
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2. 2. After the creation of account, the auditee would be required to accept the Auditor and fill the                   required forms for specific assessment years. The procedure for the same is as under:
   • ☺Auditee would open his login on e-filing website.
   • ☺Would go to: My account – Add CA
   • ☺Would enter the membership no. of Chartered Accountant, Form Name and Assessment Year.
   • ☺Then would click the “Submit.”
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3. 3. Excel Utility of all the forms being available on e-filing website and after downloading, the  Auditee           would fill the Form 3CD and give it to his Auditor so that it can be uploaded.
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5. 4. After the above mentioned process, the auditor would now scrutinize and verify the Form 3CD filled         by auditee. The auditor then would prepare Form 3CA/3CB which is attached to Form 3CD. It may         be mentioned that the latest version of online Form 3CA does not give scope for making any                   qualification. Hence auditor would be required to make all qualification in form 3CD only. This                 could be done by adding, deleting, updating or altering the data supplied by the client. After making       sure that Form 3CD is correct taking into account every aspect, so that auditor can give an                     unqualified opinion, the Auditor would be required to validate it and generate XML.
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Procedure for e-filing is discussed here under:

1. 1. Login of Chartered Accountant would be opened at the beginning

2. 2. Would Go to : e-file – Upload Form.

3. 3.Enter the PAN of Assessee and PAN of Chartered Accountant.
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5. 4. Select form name and Assessment Year.
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7. 5. Attach XML file of Form 3CA-3CD/3CB-3CD. Auditor is required to submit Balance Sheet and Profit &     Loss Account along with Audit report on new e-filing portal.
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9. 6. After the above mentioned attachments are done, auditor would be required to sign them digitally.
10. 7. Click on “Submit.” After being successfully uploaded, the form would be sent to work flow of the               assessee for his approval.
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The form once uploaded by the auditor would be reflected in the work list of the auditee. The auditee then would be required to login to e-filing portal, go to his work-list and accept/reject the form. Once the form has been accepted by the auditee, it would be successfully submitted and auditee will get an acknowledgement number. The e-filing procedure ends here and no further action is required to be taken