In the year 2011-12, ICAI along with CBDT did a thorough check of tax audit reports and observed that a number of tax audits reports were filed by the assessee by quoting Fake Membership details of the Chartered Accountants. Some of the points observed were:
a) 696 membership numbers (1385 tax audits conducted) quoted by the assessees in e-returns do not subsist at all.
b) 420 membership numbers belong to deceased members.
Further it was pointed out that
1. Approx. 9,500 Members conducted tax audits in excess of specified limit of 45
2.Approx. 2,700 Members with NO COP as on 21.01.2012 conducted Tax Audits.
3. Approx. 736 Members holding Part time COP conducted Tax Audits.
To avoid such irregularities, CBDT has made tax audit report efiling mandatory. The membership details of the auditor would now be checked electronically and any error could be easily pointed out.
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a) 696 membership numbers (1385 tax audits conducted) quoted by the assessees in e-returns do not subsist at all.
b) 420 membership numbers belong to deceased members.
Further it was pointed out that
1. Approx. 9,500 Members conducted tax audits in excess of specified limit of 45
2.Approx. 2,700 Members with NO COP as on 21.01.2012 conducted Tax Audits.
3. Approx. 736 Members holding Part time COP conducted Tax Audits.
To avoid such irregularities, CBDT has made tax audit report efiling mandatory. The membership details of the auditor would now be checked electronically and any error could be easily pointed out.
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