eFiling of Tax Audit Reports

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For Chartered Acountatns, useful on how to file tax Audit reports online

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eFiling of Tax Audit Reports

  1. 1. E-FILING OFTAX AUDIT REPORTS UNDER INCOME TAX ACT AY 2013-14 venu@vnv.ca
  2. 2. CONTENTS  History  Notification  Applicability  Process of Filing
  3. 3. HISTORY
  4. 4. HISTORY  Physical Filing  ITR  TaxAudit Report  eFiling Paper Less  Annexure Less Returns  NoTax Audit Reports  No MAT Audit Reports  Obtain the report and keep it
  5. 5. PROCESS CHANGE @ CA OFFICE  PrepareTax Audit report @ Leisure  Priority in finalizing the books and filing the returns  Assesse Doesn’t bother to collect the docuemnts  Instance of NoTax Audit at all  No control on ceiling of theTax Audits
  6. 6. 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 CA Venugopal
  7. 7. NOTIFICATION
  8. 8. 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.
  9. 9. FORMS ANDTIMELINES 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 % ofTurnover Or 1.5 Lacs - 1 Lac CA Venugopal
  10. 10. FORMS Total 47 Form Offline and Upload -7 Online Process - 40
  11. 11. FILING PROCESS
  12. 12. 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
  13. 13. REGISTRATION
  14. 14. 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
  15. 15. If you are a new user, click on the Register Yourself button Registration contd…
  16. 16. Registration contd… Select “Chartered Accountant” against the radio button found under “Tax Professional” and click on the CONTINUE button.
  17. 17. The REGISTRATION FORM screen will appear. Enter the details, upload the Digital Signature Certificate (DSC) and click CONTINUE button. Registration contd…
  18. 18. 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.
  19. 19. Successful Registration On 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.
  20. 20. ADD A CA
  21. 21. 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.
  22. 22. ADDING A CA
  23. 23. ERRORWHEN A CA IS NOT REGISTERED
  24. 24. ON SUCCESSFUL REGISTRATION
  25. 25. XML PREPARATION
  26. 26. 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/LoginHome.html?nextPage=efile CA Venugopal
  27. 27. 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. CA Venugopal
  28. 28. UPLOADING OFTHE DOCUMENTS
  29. 29. 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.
  30. 30. CHECKTHE ASSESSE BEFORE UPLOAD
  31. 31. UPLOAD
  32. 32. UPLOAD RESULT
  33. 33. E-MAILTO CA UPLOADING
  34. 34. E-MAILTO CLIENT
  35. 35. APPROVAL BY ASSESSE CA Venugopal
  36. 36. 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 assessee 2. Go to work list 3. 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. CA Venugopal
  37. 37. ASSESSEVIEW
  38. 38. UPLOADED FORM DETAILS
  39. 39. DETAILS
  40. 40. VIEW AFTER REJECTION
  41. 41. FILING STAUTS
  42. 42. ACKNOWLEDGEMENT SCREEN
  43. 43. ACK FORM OTHERTHAN ITR
  44. 44. AUDIT REPORT FURNISHING DATE  It is the date on which theTax Audit report was approved by the assesse
  45. 45. STATUS IN CA LOGIN
  46. 46. VIEW FORMS Successfully Filed forms can be viewed in CA LOGIN
  47. 47. QUESTIONS CA Venugopal
  48. 48. 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
  49. 49. GENERAL KNOWLEDGE CA Venugopal
  50. 50. TO KNOW  Types of Login  Utility for Filing  Schema of 3CA and 3CD  XMLValidator CA Venugopal
  51. 51. LOGINTYPES  CA  End User Individual  End User others  ERI CA Venugopal
  52. 52. FILING UTILITY CA Venugopal
  53. 53. EXCEL UTILITY The following forms are available to data entry and download. Its an excel based utility CA Venugopal
  54. 54. OFFLINE FORM GENERATION UTILITY CA Venugopal
  55. 55. SCHEMA FILES CA Venugopal
  56. 56. SCHEMA – OTHERTHAN ITR CA Venugopal
  57. 57. DOCUMENTS INTHE SCHEMA CA Venugopal
  58. 58. HOWTO READ SCHEMA CA Venugopal
  59. 59. VALIDATOR CA Venugopal
  60. 60. ERRORS CA Venugopal
  61. 61. ERROR ON UPLOAD CA Venugopal
  62. 62. OPENTHE XML IN EDITOR CA Venugopal
  63. 63. RE-CAP
  64. 64. 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
  65. 65. 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 Form 6. 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 file 8. 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)
  66. 66. 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)
  67. 67. 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
  68. 68. View Client List View Client list displays the list of clients of the CA. My Account contd…
  69. 69. 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
  70. 70. Being a registered user on the portal, you can file Forms (Other than ITR) electronically. The pre-requisites for e-Filing are 1. Assessee and the CA should be registered in e-Filing 2. 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)
  71. 71. END OF PRESENTATION

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