The document summarizes the major changes made to the tax audit report structure and various clauses/sections for the assessment year 2014-2015. Some of the key changes include:
1. The new tax audit report structure has Form 3CD divided into Part A (clauses 1-6) and Part B (clauses 7-32).
2. Several new clauses have been added to capture additional information like applicable indirect taxes, period of audit, presumptive income, etc.
3. Clauses relating to disallowances under various sections have been expanded to require more detailed information in specified formats.
4. Clauses on TDS/TCS now require furnishing additional details like TAN, amounts
Recent changes in form 3CD - Tax Audit Report U/s 44AB of Income Tax Act, 1961DK Bholusaria
Form 3CD - Tax Audit form under section 44AB of Income tax act 1961 has recently been modified w.e.f. July 25, 2014. This presentation try to highlights key changes in form.
Tax Audit - Changes in form 3CD - August 2014Ameet Patel
The Indian tax authorities have amended the tax audit report format recently. The changes are drastic and cast a huge responsibility on the already burdened tax auditors. The changes are discussed in this presentation.
The Revised Guidance Note on Tax Audit issued by ICAI has also been considered while preparing this presentation.
Only the new clauses or the amended clauses have been considered. The clauses that have not undergone any change have not been considered.
TDS compliance reporting in new tax audit report (3CD)DK Bholusaria
An attempt has been made to create a mini guide for professionals to understand nuisances of new tax audit reporting as far as TDS compliance is concerned. All opinions/view are author's personal view and exact law must be referred to before reaching to any conclusion.
Recent changes in form 3CD - Tax Audit Report U/s 44AB of Income Tax Act, 1961DK Bholusaria
Form 3CD - Tax Audit form under section 44AB of Income tax act 1961 has recently been modified w.e.f. July 25, 2014. This presentation try to highlights key changes in form.
Tax Audit - Changes in form 3CD - August 2014Ameet Patel
The Indian tax authorities have amended the tax audit report format recently. The changes are drastic and cast a huge responsibility on the already burdened tax auditors. The changes are discussed in this presentation.
The Revised Guidance Note on Tax Audit issued by ICAI has also been considered while preparing this presentation.
Only the new clauses or the amended clauses have been considered. The clauses that have not undergone any change have not been considered.
TDS compliance reporting in new tax audit report (3CD)DK Bholusaria
An attempt has been made to create a mini guide for professionals to understand nuisances of new tax audit reporting as far as TDS compliance is concerned. All opinions/view are author's personal view and exact law must be referred to before reaching to any conclusion.
To understand the rationale and purpose for which tax audit report is being prepared, the contents which the professional certifies in that and the gray areas which needs to be appropriately considered by the assessee and the professionals. The session shall cover the guidance note issued by Institute of Chartered Accountants of India ("ICAI") for better clarity and understanding, the recent amendments in the reporting format and the practical advices in relation to certification for professionals as well as assessee.
Taxmann’s Tax Audit provides a detailed commentary/clause-by-clause analysis on provisions relating to Tax Audit and clauses of Form 3CA, 3CB and 3CD along-with guidance notes issued by ICAI & Tax Audit Reckoner. This book also Tax Audit Reckoner covering the following topics:
• Audit of Cash Transactions
• Audit of Sale of Immovable Property
• Audit of Share Capital
• Audit of Loans, Deposits and Borrowings Liabilities
• Clauses of From No. 3CD not relevant/applicable to tax audit for assessment year 2021-22
• Clauses of Form No. 3CD relevant/applicable to individuals/HUFs who are liable for tax audit u/s 44AB
• Clauses of Form No. 3CD relevant/ applicable to Firms/LLPs/AOPs/BOIs who are liable for tax audit u/s 44AB
• Clauses of Form No. 3CD Relevant/applicable to companies who are liable for tax audit u/s 44AB
• Audit reports/report of accountant, etc. prescribed under Income-tax Rules
• Clauses of Form No. 3CD not applicable to assessees following cash basis of accounting
• Form No. 3CD – Clause wise applicability reckoner of income computation and disclosure standards
• Statutory provisions relevant to various clauses of Form No. 3CD
The Present Publication is the 13th Edition, amended by the Finance Act 2021 & Income-tax (Eighth Amendment) Rules 2021, authored by CA Srinivasan Anand G, with the following noteworthy features
• Analysis of the audit requirement under Income tax provision;
• An in-depth discussion on every clause of the tax audit report Form No. 3CA, 3CB and 3CD;
• Analysis of guidance note released by the ICAI on tax Audit.
Issues in e filing of tax audit reports for ay 2014-15Ameet Patel
The format of the tax audit report that an Indian tax auditor issues has undergone considerable changes in July, 2014. The e-filing of the same also throws up multiple challenges. This presentation deals with some of the important issues that an auditor is likely to face while electronically filing the tax audit report.
Step by Step Guide to File GSTR 9A Annual Composition FormSAG Infotech
Check out step by step guide to file GSTR 9A Annual Composition form for the composition scheme dealer for all quarterly transactions in the financial year.
With the introduction of the concept of GST Audit, it is important to know and taken int consideration various facts that is needed before we conduct GST Audit. In this presentation, we have covered the concept of filing of GSTR 9C, its applicability and various other topics that one should take care of. The presentation also covers an example of GSTR 9C based upon a hypothetical case. The PPT is a one shot compilation of various topics associated with GSTR 9C - GST Audit.
GSTR 9C Audit Form is notified by the Indian government for all the taxpayer. The form is divided into five parts and sixteen table. Check out the file process and formate of GSTR 9C form.
To understand the rationale and purpose for which tax audit report is being prepared, the contents which the professional certifies in that and the gray areas which needs to be appropriately considered by the assessee and the professionals. The session shall cover the guidance note issued by Institute of Chartered Accountants of India ("ICAI") for better clarity and understanding, the recent amendments in the reporting format and the practical advices in relation to certification for professionals as well as assessee.
Taxmann’s Tax Audit provides a detailed commentary/clause-by-clause analysis on provisions relating to Tax Audit and clauses of Form 3CA, 3CB and 3CD along-with guidance notes issued by ICAI & Tax Audit Reckoner. This book also Tax Audit Reckoner covering the following topics:
• Audit of Cash Transactions
• Audit of Sale of Immovable Property
• Audit of Share Capital
• Audit of Loans, Deposits and Borrowings Liabilities
• Clauses of From No. 3CD not relevant/applicable to tax audit for assessment year 2021-22
• Clauses of Form No. 3CD relevant/applicable to individuals/HUFs who are liable for tax audit u/s 44AB
• Clauses of Form No. 3CD relevant/ applicable to Firms/LLPs/AOPs/BOIs who are liable for tax audit u/s 44AB
• Clauses of Form No. 3CD Relevant/applicable to companies who are liable for tax audit u/s 44AB
• Audit reports/report of accountant, etc. prescribed under Income-tax Rules
• Clauses of Form No. 3CD not applicable to assessees following cash basis of accounting
• Form No. 3CD – Clause wise applicability reckoner of income computation and disclosure standards
• Statutory provisions relevant to various clauses of Form No. 3CD
The Present Publication is the 13th Edition, amended by the Finance Act 2021 & Income-tax (Eighth Amendment) Rules 2021, authored by CA Srinivasan Anand G, with the following noteworthy features
• Analysis of the audit requirement under Income tax provision;
• An in-depth discussion on every clause of the tax audit report Form No. 3CA, 3CB and 3CD;
• Analysis of guidance note released by the ICAI on tax Audit.
Issues in e filing of tax audit reports for ay 2014-15Ameet Patel
The format of the tax audit report that an Indian tax auditor issues has undergone considerable changes in July, 2014. The e-filing of the same also throws up multiple challenges. This presentation deals with some of the important issues that an auditor is likely to face while electronically filing the tax audit report.
Step by Step Guide to File GSTR 9A Annual Composition FormSAG Infotech
Check out step by step guide to file GSTR 9A Annual Composition form for the composition scheme dealer for all quarterly transactions in the financial year.
With the introduction of the concept of GST Audit, it is important to know and taken int consideration various facts that is needed before we conduct GST Audit. In this presentation, we have covered the concept of filing of GSTR 9C, its applicability and various other topics that one should take care of. The presentation also covers an example of GSTR 9C based upon a hypothetical case. The PPT is a one shot compilation of various topics associated with GSTR 9C - GST Audit.
GSTR 9C Audit Form is notified by the Indian government for all the taxpayer. The form is divided into five parts and sixteen table. Check out the file process and formate of GSTR 9C form.
Presentation från en uppskattad föreläsning om hur varumärke och sociala medier hänger ihop. Ulrika Ehrensvärd, Ehrensvärd Media och Kommunikation tillsammans med Ulf Bergman från Stolt Kommunikation. Stockholm 2015-03-10. Grafisk design: Stårner Design.
Apresentação sobre serviços "smart" da Cisco - Smartcare.
Contém informações gerais sobre a "solução" e como parceiros Cisco podem se tornar parceiros "Smartcare".
Offre onepoint - Data science et big data GroupeONEPOINT
Rendre l’information intelligente permettant de générer de la valeur et des avantages concurrentiels tout en maîtrisant ses
investissements sur les moyens. Le Tsunami des données humaines et machines viendra des objets connectés : onepoint vous y prépare.
"Filing of Returns"
Filing of Gst Returns helps in determination of Tax liability of the return filer and at the same time it also has a huge Bearing on Determination of tax liability of other persons with whom the former has entered into taxable Activities.
Chapter ix of the CGST Act [section 37 to 48] prescribes the provisions relating to filing of returns.
Follow steps shown in the ppt....
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“Most awaited GST Annual Return (Form GSTR 9) and Audit Reconciliation Statement (Form GSTR 9C) are notified by Government vide Notification 39/2018 CT dated 4th Sep 2018 and 49/2018 CT dated 13th Sep 2018. Due date for filing of the same for F.Y. 2017-18 is 31st Dec 2018. Enclosing herewith Master Guide on GST Annual Return and Audit, covering:
§ How to Go Head with Annual Return and GST Audit
§ Important Provisions
§ Analysis of GSTR 9 Form and How to fill the same
§ Analysis of GSTR 9C Form and How to fill the same
Professional should plan their work and ensure to file the said forms before due date, without waiting for extension.”
Thanks & Regards
CA Swapnil Munot
+91 90212 65137
A comparative study of revised tax audit report vis-à-vis the old report form...D Murali ☆
A comparative study of revised tax audit report vis-à-vis the old report format of disclosures - V. K. Subramani - Article published in Business Advisor, dated September 10, 2014 http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
I am not a professional to claim that this is the way to file GSTR-9. But can absolutely claim through my experience, The way I handle any GSTR-9 is represented through this slide. But obvious, by keeping an open mind for me every situation is unique and hence dealt accordingly
TDS related slides and how to file TDS returns and correction or modification on tds return. what is PAn what is TAN, issues faced during tds returing filling, corrections based on the notice received from income tax departments,
income tax payments, notices related to income tax and tds returns
TAX AUDIT REPORT U/s 44AB of Income Tax Act, 1961Admin SBS
Tax audit is applicable to every person i.e. i.e. individual, HUF, Company, Partnership firm,
AOP/BOI, Local authority, Co-operative society/Trust, AJP based on the below mentioned
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptxanvithaav
These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
1. Changes in Tax Audit Report
Assessment Year
2014-2015
Prepared By:
CA. Avdesh Bansal
09716655829
Avdesh.bansal@scvasudeva.com
OLD TAX AUDIT
REPORT
ASSESSMENT
YEAR 2013-2014
NEW TAX AUDIT
REPORT
ASSESSMENT
YEAR 2014-2015
CHANGES
2. FORM
3CA/FORM 3CB
FORM 3CD
PART A-1 TO 8
FORM 3CD
PART B-9 TO 41
NEW TAX AUDIT REPORT STRUCTURE
FORM 3 CD PART
A- 1 T0 6
FORM 3 CD PART
B- 7T0 32
OLD
AUDIT
REPORT
FORM 3 CA/
FORM 3CB
4. Major Changes in Form 3CA
NEW TAX AUDIT REPORT(TAR)
1. Period has to be described for which audit has been conducted
For eg:-1.04.2013 to 31.03.2014 ,01.10.2013 to 31.03.2014,
And more than 12 months
2. Space for giving the qualification /observation on form 3cd
Also prefill observations available in java utilities.
5. Major Changes In FORM 3 CD
Clause 4
Whether the assessee is liable to pay indirect tax like excise duty, service tax, sales tax, custom duty, etc. If yes, please furnish the registration
number or any other identification number allotted for the same
Clause 6
Period ____to______
Clause 8
Relevant clause under section 44AB (can be selected in schema)
• [Audit of accounts of certain persons carrying on business or profession.
• 44AB. every person,—
• (A) carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds (one crore
rupees] in any previous year or
• (B) carrying on profession shall, if his gross receipts in profession exceed [twenty-five lakh rupees] in any previous year; or
• (C) carrying on the business shall, if the profits and gains from the business are deemed to be the profits and gains of such person under
[section 44AE ] [or section 44BB or section 44BBB], as the case may be, and he has claimed his income to be lower than the profits or
gains so deemed to be the profits and gains of his business, as the case may be, in any previous year; or]
• [(d) carrying on the business shall, if the profits and gains from the business are deemed to be the profits and gains of such person under
section 44AD and he has claimed such income to be lower than the profits and gains so deemed to be the profits and gains of his business
and his income exceeds the maximum amount which is not chargeable to income-tax in any previous year,]
6. Clause 12
Addition Of 2 Presumptive Business Income Under Chapter XII-G (Shipping Business) And First Schedule
Clause 17
Where Any Land Or Building Or Both Is Transferred During The Previous Year For A Consideration Less Than Value Adopted Or
Assessed Or Assessable By Any Authority Of A State Government Referred To In Section 43CA Or 50C, Please Furnish:
• Details Of Property (Address Of Property Has To Be Provided In Schema)
• Consideration Received Or Accrued
• Value Adopted Or Assessed Or Assessable
Clause 18(excel Sheet Can Be Uploaded In Schema in CSV format )
• Particulars Of Depreciation Allowable As Per The Income Tax Act, 1961 In Respect Of Each Asset Or Block Of Assets, As The Case
May Be, In The Following Form :-
• Description Of Asset/Block Of Assets.
• Rate Of Depreciation.
• Actual Cost Of Written Down Value, As The Case May Be.
• Additions/Deductions During The Year With Dates; In The Case Of Any Addition Of An Asset, Date Put To Use; Including Adjustments
On Account Of –
• Central Value Added Tax Credits Claimed And Allowed Under The Central Excise Rules, 1944, In Respect Of Assets Acquired On Or
After 1st March, 1994,
• Change In Rate Of Exchange Of Currency, And
• Subsidy Or Grant Or Reimbursement, By Whatever Name Called.
• Depreciation Allowable.
• Written Down Value At The End Of The Year
7. Clause 19
Amounts Admissible Under Sections
Section Amount Debited To Profit And Loss
Account
Amounts Admissible As Per The
Provisions Of The Income Tax Act, 1961
And Also Fulfils The Conditions, If Any
Specified Under The Conditions, If Any
Specified Under The Relevant
14provisions Of Income Tax Act, 1961 Or
Income Tax Rules,1962 Or Any Other
Guidelines, Circular, Etc., Issued In This
Behalf.
32 AC To 35E
8. Clause 20.
(A) Any Sum Paid To An Employee As Bonus Or Commission For Services Rendered, Where Such Sum Was Otherwise Payable To Him As Profits Or Dividend. [Section
36(1)(ii)]
(B) Details Of Contributions Received From Employees For Various Funds As Referred To In Section 36(1)(va):
• Serial Number
• Nature Of Fund
• Sum Received From Employees
• Due Date For Payment
• The Actual Amount Paid
• The Actual Date Of Payment To The Concerned Authorities
Earlier In Tax Audit Report In Clause 16 (b) It Is Employees Towards Contributions To Any Provident Fund Or Superannuation Fund Or Any Other Fund Mentioned In
Section 2(24)(x).
Clause 21
As Payment To Non-resident Referred To In Sub-clause (I)
• (A) Details Of Payment On Which Tax Is Not Deducted:
• (I) Date Of Payment
• (II) Amount Of Payment
• (III) Nature Of Payment
• (IV) Name And Address Of The Payee
• (B) Details Of Payment On Which Tax Has Been Deducted But Has Not Been Paid During The Previous Year Or In The Subsequent Year Before The Expiry Of Time
Prescribed Under Section 200(1)
• (I) Date Of Payment
• (II) Amount Of Payment
• (III) Nature Of Payment
• (IV) Name And Address Of The Payee
• (V) Amount Of Tax Deducted
(Ii) As Payment Referred To In Sub-clause (Ia)
(A) Details Of Payment On Which Tax Is Not Deducted:
• (I) Date Of Payment
• (II) Amount Of Payment
• (III) Nature Of Payment
• (IV) Name And Address Of The Payee
(B) Details Of Payment On Which Tax Has Been Deducted But Has Not Been Paid On Or Before The Due Date Specified In Sub- Section (1) Of Section 139.
• (I) Date Of Payment
• (II) Amount Of Payment
• (III) Nature Of Payment
• (IV) Name And Address Of The Payer
• (V) Amount Of Tax Deducted
• (VI) Amount Out Of (V) Deposited, If Any
9. Cont Clause 21
• (Iii) Under Sub-clause (Ic) [Fringe Benefit Tax]
• (Iv) Under Sub-clause (Iia)(wealth Tax)
• (V) Under Sub-clause (Iib)(royality, License Fee,service Fee,etc)
• (Vi) Under Sub-clause (Iii) (Salary Payable Outside India/To A Non Resident Without TDS Etc)
(Details Can Be Upload In CSV Format In Schema)
• (A) Date Of Payment
• (B) Amount Of Payment
• (C) Name And Address Of The Payee
• (Vii) Under Sub-clause (Iv) (Payment To PF/Other Fund Etc.)
• (Viii) Under Sub-clause (V) (Tax Paid By Employer For Perquisites)
(C) Amounts Debited To Profit And Loss Account Being, Interest, Salary, Bonus, Commission Or Remuneration Inadmissible Under Section
40(b)/40(ba) And Computation Thereof
• Particulars(interest, Salary, Bonus, Commission, Remuneration)
• Section (40b,40ba)
• Amount Debit To Profit And Loss Account
• Amount Admissible
• Amount Inadmissible
• Remarks
(D) Disallowance/Deemed Income Under Section 40A(3)
On The Basis Of The Examination Of Books Of Account And Other Relevant Documents/Evidence, Whether The Expenditure Covered Under
Section 40A (3) Read With Rule 6DD Were Made By Account Payee Cheque Drawn On A Bank Or Account Payee Bank Draft. If Not,
Please Furnish The Details
• Date Of Payment
• Nature Of Payment
• Amount
• Name Of The Payee
• PAN (If Available)
10. Cont Clause 21
• (B) On The Basis Of The Examination Of Books Of Account And Other Relevant Documents/Evidence, Whether The Payment Referred
To In Section 40A(3A) Read With Rule 6DD Were Made By Account Payee Cheque Drawn On A Bank Or Account Payee Bank Draft If
Not, Please Furnish The Details Of Amount Deemed To Be The Profits And Gains Of Business Or Profession Under Section 40A(3A)
• Date Of Payment
• Nature Of Payment
• Amount
• Name Of The Payee
• Pan (If Available)
(E) Provision For Payment Of Gratuity Not Allowable Under Section 40A(7)
(F) Any Sum Paid By The Assessee As An Employer Not Allowable Under Section 40A(9)
(G) Particulars Of Any Liability Of A Contingent Nature
• Nature Of Liability
• Amount
(H) Amount Of Deduction Inadmissible In Terms Of Section 14A In Respect Of The Expenditure Incurred In Relation To Income Which Does
Not Form Part Of The Total Income
• Nature Of Payment
• Amount
(i) Inadmissible Under The Proviso To Section 36(1) (iii).
11. Clause 23
Particulars Of Payments Made To Persons Specified Under Section 40a(2)(b)
• Nature Of Related Person
• Pan Of Related Person
• Relation
• Nature Of Transaction
• Payment Made (Amount)
Clause 27
• (A) Amount Of Central Value Added Tax Credits Availed Of Or Utilized During The Previous Year And Its Treatment In The Profit And Loss
Account And Treatment Of Outstanding Central Value Added Tax Credits In The Accounts.
• (B) Particulars Of Income Or Expenditure Of Prior Period Credited Or Debited To The Profit And Loss Account.
In Earlier Tax Audit Report It Is Modified Value Added Tax
Clause 28
Whether During The Previous Year The Assessee Has Received Any Property, Being Share Of A Company Not Being A Company In Which The Public
Are Substantially Interested, Without Consideration Or For Inadequate Consideration As Referred To In Section 56(2)(viia), If Yes, Please Furnish
The Details Of The Same.
• Name Of The Person From Which Shares Received
• Pan (If Available)
• Name Of The Company Whose Shares Are Received
• CIN Of The Company
Clause 29
Whether During The Previous Year The Assessee Received Any Consideration For Issue Of Shares Which Exceeds The Fair Market Value Of The Shares
As Referred To In Section 56(2)(viib), If Yes, Please Furnish The Details Of The Same
• Name Of The Person From Whom Consideration Received For Issue Of Shares
• PAN (If Available)
• No Of Shares Issued
• Amount Of Consideration Received
• Fair Market Value Of The Shares
Clause 31 Clause (C)
Whether The Taking Or Accepting Loan Or Deposit, Or Repayment Of The Same Were Made By Account Payee Cheque Drawn On A Bank Or
Account Payee Bank Draft Based On The Examination Of Books Of Account And Other Relevant Documents
Earlier It Is Whether A Certificate Has Been Obtained From The Assessee Regarding Taking Or Accepting Loan Or Deposit, Or Repayment Of The Same
Through An Account Payee Cheque Or An Account Payee Bank Draft
12. Clause 32
(B) Whether A Change In Shareholding Of The Company Has Taken Place In The Previous Year Due To Which The Losses
Incurred Prior To The Previous Year Cannot Be Allowed To Be Carried Forward In Terms Of Section 79
(C) Whether The Assessee Has Incurred Any Speculation Loss Referred To In Section 73 During The Previous Year, If Yes, Please
Furnish The Details Of The Same
(D) Whether The Assessee Has Incurred Any Loss Referred To In Section 73A In Respect Of Any Specified Business During The
Previous Year, If Yes, Please Furnish Details Of The Same.
(E) In Case Of A Company, Please State That Whether The Company Is Deemed To Be Carrying On A Speculation Business As
Referred In Explanation To Section 73, If Yes, Please Furnish The Details Of Speculation Loss If Any Incurred During The
Previous Year
Clause 33
Section-wise Details Of Deductions, If Any, Admissible Under Chapter VIA Or Chapter III (Section 10A, Section 10AA)
• Section Under Which Deduction Is Claimed
• Amounts Admissible As Per The Provision Of The Income Tax Act, 1961 And Fulfils The Conditions, If Any, Specified
Under The Relevant Provisions Of Income Tax Act, 1961 Or Income Tax Rules,1962 Or Any Other Guidelines, Circular, Etc,
Issued In This Behalf.
Earlier In Tax Audit Report Section-wise Details Of Deductions, If Any, Admissible Under Chapter VIA.
(Clause 26)
13. Clause 34
(A) Whether The Assessee Is Required To Deduct Or Collect Tax As Per The Provisions Of Chapter Xvii-b Or Chapter Xvii-bb, If Yes Please
Furnish:
• Tan
• Section
• Nature Of Payment
• Total Amount Of Payment Or Receipt Of The Nature Specified In Column (3)
• Total Amount On Which Tax Was Required To Be Deducted Or Collected Out Of (4)
• Total Amount On Which Tax Was Deducted Or Collected At Specified Rate Out Of (5)
• Amount Of Tax Deducted Or Collected Out Of (6)
• Total Amount On Which Tax Was Deducted Or Collected At Less Than Specified Rate Out Of (7)
• Amount Of Tax Deducted Or Collected On (8)
• Amount Of Tax Deducted Or Collected Not Deposited To The Credit Of The Central Government Out Of (6) And (8)
(B) Whether The Assessee Has Furnished The Statement Of Tax Deducted Or Tax Collected Within The Prescribed Time. If Not, Please
Furnish The Details:
• Tax Deduction And Collection Account Number (Tan)
• Type Of Form
• Due Date For Furnishing
• Date Of Furnishing, If Furnished
• Whether The Statement Of Tax Deducted Or Collected Contains Information About All Transactions Which Are Required To Be
Reported
(C) Whether The Assessee Is Liable To Pay Interest Under Section 201(1A) Or Section 206C (7). If Yes, Please Furnish:
• Tax Deduction And Collection Account Number (TAN)
• Amount Of Interest Under Section 201(1A)/206C(7) Is Payable
• Amount Paid Out Of Column (2) Along
• With Date Of Payment
In Earlier Tax Audit Report It Is
(a) Whether The Assessee Has Complied With The Provisions Of Chapter XVII-B Regarding Deduction Of Tax At Source And
Regarding The Payment Thereof To The Credit Of The Central Government
(b) If The Provisions Of Chapter XVII-B Have Not Been Complied With, Please Give The Following Details
14. Clause 37
Whether Any Cost Audit Was Carried Out, If Yes, Give The Details, If Any, Of Disqualification Or Disagreement On Any
Matter/Item/Value/Quantity As May Be Reported/Identified By The Cost Auditor
Earlier It Is Whether Any Cost Audit Was Carried Out, If Yes, Enclose A Copy Of The Report Of Such Audit [See Section 139(9)](CLAUSE 29)
Clause 38
Whether Any Audit Was Conducted Under The Central Excise Act, 1944, If Yes, Give The Details, If Any, Of Disqualification Or
Disagreement On Any Matter/Item/Value/Quantity As May Be Reported/Identified By The Auditor.
Earlier It Is Whether Any Audit Was Conducted Under The Central Excise Act, 1944, If Yes, Enclose A Copy Of The Report Of Such Audit.(Clause 31)
Clause 39
Whether Any Audit Was Conducted Under Section 72A Of The Finance Act, 1994 In Relation To Valuation Of Taxable Services, If Yes, Give
The Details, If Any, Of Disqualification Or Disagreement On Any Matter/Item/Value/Quantity As May Be Reported/Identified By The
Auditor
Clause 40
Inclusion Of Extra Detail Of Total Turn Over Of Assessed Of Both Year
Clause 41
Please Furnish The Details Of Demand Raised Or Refund Issued During The Previous Year Under Any Tax Laws Other Than Income Tax Act,
1961 And Wealth Tax Act, 1957 Along With Details Of Relevant Proceedings
• Financial Year To Which Demand /Refund Related To(for Eg:-2001-2002,2003-2004,2004-2005)
• Name Of The Other Tax Law(for Eg:-sales Tax, Central Excise, Service Tax, Vat, Custome Duty, Other Indirect Tax/Levy)
• Type (Demand Raised/Refund Received)
• Date Of Demand Raised/Refund Received
• Amount
• Remarks