Suggestions on Tax Audit report and on Income tax return by CA Nitesh More

1)   80Ie Problems : Submit Manual Report & Return To The Department: Ca Nitesh More

I Advice To Submit Manual Form To The Department With Return So That We Can Enjoy Extension Of One Month For E-Filling Of Tar. It Is My Personal Opinion. You Use Your Discretion. 

2)  Submit 29C As Other Report With Form 3Cd And It That For Is Notified In Future As Online , We Will Fill It. But It My View. Use Ur Discretion. 

3) ITR 7 Can Be Filled Manually, However, 10B Is To Be Filed Online

4)  Steps To Find 10Cce10Ccbba, 10Ccbc, 49C, 56F, 66, 3Ca, 3Ad, 3Ae, 3Ce, 3Ea, Etc

STEP1: Log in as assessee & add for the relevant form say , for Form 10CCB

STEP2: Log in as ca

 STEP3: Click “ Prepare & submit online form” under “E-FILE ”

 STEP4: Select relevant form and proceed

5)  Suggestions pan not available for related party transaction : 

Do Not Disclose This Transaction In Online Form. Prepare An Excel Sheet And Attach It As Other Reports

6) How to reset password with new DSC instantly(screen shot) : Stepswise solutions to reset password with help of new dsc

Step1: Login as forget password. Step2: Upload valid DSC. Step3: Provide new password.

7) How to file 10CCB etc. IF ASSESSEE HAVE TWO OR MORE UNDERTAKINGS

NOTE: TO ENABLE CAs TO FILL UP THIS FORM, I HAD PREPARED THESE STEPS. THIS IS NOT PRESCRIBED BY DEPARTMENTS. YOU USE YOUR DISCRETION AND FILE.

STEP1: Prepare physical tax audit reports as usual i.e. Two or more tax audit reports signed by same or different CAs.

STEP2: Prepare one “online consolidated form” and upload. While preparing this forms, you will not be able to disclose many dates and other informations undertakingwise in the online form. Write all these informations in a separate sheet undertakingwise & attach it with p/L & b/S with online form. Alternatively, you can also attach scan copy of Physical forms with p/L & b/S for

better 

disclosure of facts.

8) 29C Is Applicable For F.Y.2012-13: Assessee Claiming Deduction U/S 80Ia, Ib Etc May Also Have To Submit Form 29C: Donot Forget:Assessee Other Than Co. Have To Pay Alternate Minimum Tax (Similar To Mat) & Form 29C Have To Be Filed 

9)  Cares While Uploading Online 3Cd

CARE1: IF YOU HAVE ANY COMMENTS OR OBSERVATIONS, U CAN ATTACH IT AS "OTHER REPORTS".

CARE2: DO NOT FORGET TO FILE:

A)   NOTES OF ACCOUNTS & SCHEDULE OF B/S & P/L AS THERE ARE FORMING PART OF FINANCIAL STATEMENTS

B)    STATUTARY AUDIT REPORT, IN CASE OF COMPANY .

C)    EXCISE REPORTS  & COST AUDIT REPORT , IF ANY

CARE3: DO NOT FORGET TO FILE RETURN BY MENTIONING THE DATE OF FURNISHING OF REVISED FORM 3CD.

10)  How To File Two Or More  Physical Tax Audit Report Of Same Assessee Audited By Same/Different Cas: Prepared Ca Nitesh More

STEP1: Prepare physical tax audit reports as usual i.e. Two or more tax audit reports signed by same or different CAs.

STEP2: You can upload “single xml file”  only for each type of Form (report). There are six types of forms available at the time of uploading. These are FORM 3CA-3CD, FORM 3CB-3CD, FORM 3CEB, FORM6B, FORM10B, FORM 10BB, FORM 29B.  

Note  1: Suppose, you have two physical FORMS 3CB-3CD. So, a consolidated online form 3CB-3CD will be prepared and efilled by any CA among those ca who signed physical tax audit report.  

Note 2: Kindly note that if you have one Form  3CA-3CD, and one FORM 3CB-3CD, than each form will be uploaded separately by same or different CAs who signed physical report.

STEP3: Select who will file online form if you have two or more same form signed by different CAs among those who signed physical report.

STEP4: Prepare one “online consolidated form” and upload .

STEP5: If you have any comments or observations, you can always attach   it as other report.

11)  New Stepwise Process To File Revise Online 3Cd?

STEP1: PREPARE RECTIFIED XML AS USUAL

STEP2: WHILE UPLOADING, SELECT REVISE OPTION (ENABLED YESTERDAY)

STEP3: SELECT WHY YOU ARE REVISING FORM 3CD out of the following:

a)     REVISION OF ACCOUNTS OF COMPANY, AFTER ITS ADOPTION IN AGM

b)     CHANGE OF LAW

c)     CHANGE IN INTERPRETATION

d)     OTHERS

STEP4: UPLOAD xml, IT WILL BE REVISED.

 5DATE OF FURNISHING OF 

12) HOW TO UPLOAD XML PREPARED IN e-PR11/Software with ePR12

 Those who have prepared their TAR in e-PR 11 with software or with e-PR11 utility but have not yet uploaded the same:

May kindly OPEN THE  XML (prepared in software or e-PR11) IN PR 12 AND VALIDATE IT UNDER ePR12. SAVE THE SAME AND UPLOAD IT.

(However, in case you have reported anything against clause 30 or 31 of TAR in e-PR11, please re-enter those two clauses in e-PR12 to avoid swapping of the information for these two clauses)

13) Revised Planning For Tar & Itr For 30Th September In View Of Press Release On Notifications Issued Yesterday FOR LOSS CASES:

EFILE TAR AS WELL AS ITR

FOR PROFIT  CASES:

EFILE TAR & SUBMIT BELATED RETURN

Consequences if ITR not filed before due date i.e. if belated return filed

1.     There is no penalty .

2.  Losses ,if any, will  not be allowed to be carried forward

3. Assessee also have to pay statutory dues U/s. 43B on or before the filing of ITR or Due Date i.e. 30.09.2013 whichever is earlier.

4. He may have to pay Interest U/s. 234A on taxes outstanding .

14) CBDT Press Release On Extension Of Time For Filing TAR/ ROI For AY 2013-14

Further to the Order dated 26.09.2013 issued u/s 119(2)(a) of the Act extending the due date for the electronic filing of the Tax Audit Report to 31.10.2013, the CBDT has issued a Press Release dated 26.09.2013 clarifying that the print copy of the Tax Audit Report as well as the Return of Income has to be filed by the prescribed due date of 30.09.2013 and that there is no extension of that time limit.

RELAXATION IN REQUIREMENT OF ELECTRONIC FURNISHING ONLY

REQUIREMENT TO FILE REPORT MANUALLY WITHIN DUE DATE

AND FILE ELECTRONICALLY WITHIN 31/10/2013

CBDT IN EXERCISE OF POWER UNDER SEC 119(2)(A)O F THE IT ACT, 1961 READ WITH SEC 139 AND RULE 12, HAS DECIDED TO RELAX THE REQUIREMENT OF FURNISHING THE REPORT OF AUDIT ELECTRONICALLY AS PRESCRIBED UNDER THE PROVISO TO SUB-RULE( 2) OF RULE 12 OF THE IT RULES FOR THE ASSESSMENT YEAR 2013-14 AS UNDER -

(A) THE ASSESSES,WHO ARE PRESENTLY FINDING IT DIFFICULT TO UPLOAD THE PRESCRIBED REPORTS OF AUDIT (AS REFERRED TO ABOVE) IN THE SYSTEM ELECTRONICALLY MAY ALSO FURNISH THE SAME MANUALLY BEFORE THE JURISDICTIONAL ASSESSING OFFICER WITHIN THE PRESCRIBED DUE DATE.

(B) THE SAID REPORT OF AUDIT SHOULD HOWEVER BE FURNISHED ELECTRONICALLY ON OR BEFORE 31. 10. 2013.

COMMENTS OF CA NITESH MORE –

THOSE ASSESSEE WHO ARE FACING DIFFICULTIES IN ELECTRONIC FILING ARE REQUIRED TO FURNISH THE AUDIT REOPRTS MANUALLY BEFORE THE JURISDICTIONAL ASSESSING OFFICER WITHIN THE PRESCRIBED DUE DATE AND THEREAFTER FURNISH ELECTRONICALLY ON OR BEFORE 31. 10. 2013.

STEP1 – FURNISH MANUAL AUDIT REPORT & return  BEFORE THE JURISDICTIONAL ASSESSING OFFICER WITHIN THE PRESCRIBED DUE DATE

STEP2 - FURNISH ELECTRONICALLY ON OR BEFORE 31. 10. 2013.

15) How To File  10Ccb Etc. If Assessee Have Two Or More Undertakings

NOTE: TO ENABLE CAs TO FILL UP THIS FORM, I HAD PREPARED THESE STEPS. THIS IS NOT PRESCRIBED BY DEPARTMENTS. YOU USE YOUR DISCRETION AND FILE.

STEP1: Prepare physical tax audit reports as usual i.e. Two or more tax audit reports signed by same or different CAs.

STEP2: Prepare one “online consolidated form” and upload. While preparing this forms, you will not be able to disclose many dates and other informations undertakingwise in the online form. Write all these informations in a separate sheet undertakingwise & attach it with p/L & b/S with online form. Alternatively, you can also attach scan copy of Physical forms with p/L & b/S for disclosure of facts.

Query:  How to file it online FORM 29C is not available on website? 

Ans: it is not mandatory to file form 29C online.

17)  Do Not Forget:  Assessee Other Than Co. Have To Pay  Alternate Minimum Tax (Similar To Mat) & Form 29 C Have To Be Filed To Ao As This Form Is Not Online

18)  Steps To Find 10Cce,10Ccbba, 10Ccbc, 49C, 56F, 66, 3Ca, 3Ad, 3Ae, 3Ce, 3Ea  Etc

STEP1: Log in as assessee & add for the relevant form say , for Form 10CCB

STEP2: Log in as ca

STEP3: Click “ Prepare & submit online form” under “E-FILE ”

STEP4: Select relevant form and proceed

19) How To File 10Ccb Etc. If Assessee Have Two Or More Undertakings

NOTE: TO ENABLE CAs TO FILL UP THIS FORM, I HAD PREPARED THESE STEPS. THIS IS NOT PRESCRIBED BY DEPARTMENTS. YOU USE YOUR DISCRETION AND FILE.

STEP1: Prepare physical tax audit reports as usual i.e. Two or more tax audit reports signed by same or different CAs.

STEP2: Prepare one “online consolidated form” and upload. While preparing this forms, you will not be able to disclose many dates and other informations undertakingwise in the online form. Write all these informations in a separate sheet undertakingwise & attach it with p/L & b/S with online form. Alternatively, you can also attach scan copy of Physical forms with p/L & b/S for better disclosure of facts.

Query:  How to file it online FORM 29C is not available on website? 

Ans: it is not mandatory to file form 29C online. So, can be filed offline 

to the department

20)  Cares While Uploading Online 3Cd

CARE1: IF YOU HAVE ANY COMMENTS OR OBSERVATIONS, U CAN ATTACH IT AS "OTHER REPORTS".

CARE2: DO NOT FORGET TO FILE:

A)   NOTES OF ACCOUNTS & SCHEDULE OF B/S & P/L AS THERE ARE FORMING PART OF FINANCIAL STATEMENTS

B)    STATUTARY AUDIT REPORT, IN CASE OF COMPANY .

C)    EXCISE REPORTS  & COST AUDIT REPORT , IF ANY

CARE3: DO NOT FORGET TO FILE RETURN BY MENTIONING THE DATE OF FURNISHING OF REVISED FORM 3CD.

21)  How To File Two Or More  Physical Tax Audit Report Of Same Assessee Audited By Same/Different Cas: Prepared Ca Nitesh More

STEP1: Prepare physical tax audit reports as usual i.e. Two or more tax audit reports signed by same or different CAs.

STEP2: You can upload “single xml file”  only for each type of Form (report). There are six types of forms available at the time of uploading. These are FORM 3CA-3CD, FORM 3CB-3CD, FORM 3CEB, FORM6B, FORM10B, FORM 10BB, FORM 29B.  

Note  1: Suppose, you have two physical FORMS 3CB-3CD. So, a consolidated online form 3CB-3CD will be prepared and efilled by any CA among those ca who signed physical tax audit report.  

Note 2: Kindly note that if you have one Form  3CA-3CD, and one FORM 3CB-3CD, than each form will be uploaded separately by same or different CAs who signed physical report.

STEP3: Select who will file online form if you have two or more same form signed by different CAs among those who signed physical report.

STEP4: Prepare one “online consolidated form” and upload .

STEP5: If you have any comments or observations, you can always attach   it as other report.