Latest Changes in Tax Audit Report

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					 Changes made in Tax Audit Report Assessment Year 2014-15


Sr.                                    New Report – Changes are
    Particulars Old Report
No.                                    reflected by Bold Letters

            3. In * my/our opinion
                                      3. In * my/our opinion and to
            and to the best of *
                                      the best of * my/our
            my/our information and
                                      information and according to
            according to explanations
                                      explanations given to * me/us,
            given to * me/us, the
                                      the particulars given in the
   FORM NO. particulars
1.                                    said Form No. 3CD and the
   3CA
                                      Annexure thereto are true and
                                      correct subject to the
            given in the said Form
                                      following
            No. 3CD and the
                                      observations/qualifications,
            Annexure thereto are true
                                      if any:
            and correct.



                                      5. In * my/our opinion and to
            5. In * my/our opinion    the best of * my/our
            and to the best of *      information and according to
            my/our information and explanations given to * me/us,
            according to explanations the particulars given in the
   FORM NO.
2.          given to * me/us, the     said Form No. 3CD and the
   3CB
            particulars given in the  Annexure thereto are true and
            said Form No. 3CD and     correct subject to the
            the Annexure thereto are following
            true and correct.         observations/qualifications,
                                      if any:
                                          4. Whether the assessee is
                                          liable to pay indirect tax like
   FORM NO.                               excise duty, service tax, sales
3. 3CD –    -                             tax, customs duty,etc. if yes,
   PART A                                 please furnish the registration
                                          number or any other
                                          identification number allotted
                                          for the same.


   FORM NO.
4. 3CD –    -                             8. Indicate the relevant clause
   PART A                                 of section 44AB under which
                                          the audit has been conducted.



                                          11. (a) Whether books of
              9. (a) Whether books of
                                          account are prescribed under
              account are prescribed
                                          section 44AA, if yes, list of
              under section 44AA, if
                                          books so prescribed.
              yes, list of books so
              prescribed.

   FORM NO.                               (b) List of books of account
5. 3CD –                                  maintained and the address
            (b) Books of account
   PART B                                 at which the books of
            maintained.
                                          accounts are kept.
              (In case books of account
              are maintained in a
              computer system,            (In case books of account are
              mention the books of        maintained in a computer
              account generated by        system, mention the books of
              such computer system.)      account generated by such
                                          computer system. If the books
                                         of accounts are not kept at
                                         one location, please furnish
              (c) List of books of
                                         the addresses of locations
              account examined.
                                         along with the details of
                                         books of accounts
                                         maintained at each location.)



                                         (c) List of books of account and
                                         nature of relevant
                                         documents examined.




            10. Whether the profit
            and loss account             12. Whether the profit and
            includes any profits and     loss account includes any
            gains assessable on          profits and gains assessable on
   FORM NO. presumptive basis, if yes,   presumptive basis, if yes,
6. 3CD –    indicate the amount and      indicate the amount and the
   PART B   the relevant sections        relevant sections (44AD, 44AE,
            (44AD, 44AE, 44AF, 44B,      44AF, 44B, 44BB, 44BBA,
            44BB, 44BBA, 44BBB or        44BBB, Chapter XII-G, First
            any other relevant           Schedule or any other relevant
            section).                    section).




   FORM NO.
                                         17. Where any land or building
7. 3CD –    -
                                         or both is transferred during
   PART B
                                         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:



                                    A. Details of property

                                    B. Consideration received or
                                    accrued.

                                    C. Value adopted or assessed
                                    or assessable.

            15. Amounts admissible
                                   15. Amounts admissible under
            under sections -
                                   sections –
            (a) 33AB
                                   32AC
            (b) 33ABA
                                   33AB
            (c) 33AC (wherever
                                   33ABA
            applicable)
                                   33AC Omitted
   FORM NO. (d) 35
8. 3CD –                           35(1)(i)
            (e) 35ABB
   PART B                          35(1)(ii)
            (f) 35AC
                                   35(1)(iia)
            (g) 35CCA
                                   35(1)(iii)
            (h) 35CCB
                                   35(1)(iv)
            (i) 35D
                                   35(2AA)
            (j) 35DD
                                   35(2AB)
            (k) 35DDA
               (l) 35E:-                   35ABB

               (a) debited to the profit   35AC
               and loss account
                                           35AD
               (showing the amount
               debited and deduction       35CCA
               allowable under each
                                           35CCB
               section separately);
                                           35CCC

                                           35CCD
               (b) not debited to the
               profit and loss account.    35D

                                           35DD

                                           35DDA

                                           35E



            16(b) Any sum received
            from employees towards
            contributions to any
            provident fund or
            superannuation fund or
   FORM NO.                                20(b) Detail of contributions
            any other fund
9. 3CD –                                   received from employees for
            mentioned in section
   PART B                                  various funds as referred to in
            2(24)(x); and due date for
            payment and the actual         section 36(1)(va).
            date of payment to the
            concerned authorities
            under section 36(1)(va).



10. FORM NO.
3CD –    (f) amounts inadmissible 21 (b) Amounts inadmissible
PART B   under section 40(a);     under section 40(a):-



                                 i. As payment to non-resident
                                 referred to in sub-clause (i)



                                 A. Detail 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. Detail 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



Amount of tax deducted

As payment to non-resident
referred to in sub-clause (ia)



C. Detail 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



D. Detail 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
                                    payee



                                    Amount of tax deducted



                                    Amount out of (V) deposited, if
                                    any



                                    i. Under sub-clause (ic)
                                    [Wherever applicable]

                                    ii. Under sub-clause(iia)

                                    iii. Under sub-clause(iib)

                                    iv. Under sub-clause(iii)



                                    I. Date of payment

                                    II. Nature of payment

                                    III. Name and address of the
                                    payee



                                    i. Under sub-clause(iv)

                                    ii. Under sub-clause(v)

11. FORM NO. 17(h) (A) whether a
    3CD –    certificate has been
   PART B      obtained from the         21(d) Disallowance/deemed
               assessee regarding        income under section 40A(3)
               payments relating to any
               expenditure covered
               under section 40A(3) that (A) On the basis of the
               the payments were made examination of books of
               by account payee          account and other relevant
               cheques drawn on a        documents/evidence, whether
               bank or account payee     the expenditure covered under
               bank draft, as the case   section 40A(3) read with rule
               may be; Yes No            6DD were made by account
                                         payee cheque drawn on a bank
                                         or account payee bank draft. If
               (B) amount inadmissible not, please furnish the details:
               under section 40A(3),
               read with rule 6DD [with
               break-up of inadmissible (B) On the basis of the
               amounts;                  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);



12. FORM NO.                            24. Amounts deemed to be
   3CD –       19. Amounts deemed to   profits and gains under section
   PART B      be profits and gains    32AC 33AB or 33ABA or
               under section 33AB or   33AC.
               33ABA or 33AC




                                       28. Whether during the
                                       previous year the assessee has
                                       received any property, being
                                       share of a company not being
    FORM NO.                           a company in which the public
13. 3CD –    -                         are substantially interested,
    PART B                             without consideration or for
                                       inadequate consideration as
                                       referred to in section
                                       56(2)(viia), if yes, please
                                       furnish the details of the same.




                                       29. Whether during the
                                       previous year the assessee
                                       received any consideration for
    FORM NO.
                                       issue of shares which exceeds
14. 3CD –    -
                                       the fair market value of the
    PART B
                                       shares as referred to in section
                                       56(2)(viib), if yes, please
                                       furnish the details of the same.



15. FORM NO.                           31(c) Whether the taking or
   3CD –     24(c) Whether a             accepting loan or deposit, or
   PART B    certificate has been        repayment of the same were
             obtained from the           made account payee cheque
             assessee regarding taking drawn on a bank or account
             or accepting loan or        payee bank draft based on the
             deposit, or repayment of examination of books of
             the same through an         account and other relevant
             account payee cheque or documents
             an account payee bank
             draft.
                                         The particulars (i) to (iv) at (b)
                                         and comment at (c) above
             Yes No                      need not be given in the case
                                         of a repayment of any loan or
                                         deposit taken or accepted from
             The particulars (i) to (iv) Government, Government
             at (b) and the Certificate company, banking company or
             at (c) above need not be a corporation established by a
             given in the case of a      Central, State or Provincial
             repayment of any loan or Act;
             deposit taken or accepted
             from Government,
             Government company,
             banking company or a
             corporation established
             by a Central, State or
             Provincial Act;



    FORM NO.
16. 3CD –    -                           32(c) Whether the assessee has
    PART B                               incurred any speculation loss
                                         referred to in section 73 during
                                        the previous year, If yes,
                                        please furnish the details of
                                        the same.




                                        32(d) whether the assessee has
                                        incurred any loss referred to in
    FORM NO.
                                        section 73A in respect of any
17. 3CD –    -
                                        specified business during the
    PART B
                                        previous year, if yes, please
                                        furnish details of the same.




                                        32(e) In case of a company,
                                        please state that whether the
                                        company is deemed to be
                                        carrying on a speculation
    FORM NO.
                                        business as referred in
18. 3CD –    -
                                        explanation to section 73, if
    PART B
                                        yes, please furnish the details
                                        of speculation loss if any
                                        incurred during the previous
                                        year.




    FORM NO.
                                        33. Section-wise details of
19. 3CD –    26. Section-wise details
                                        deductions, if any, admissible
    PART B   of deductions, if any,
                                        under Chapter VIA or Chapter
             admissible under
                                        III (Section 10A, Section
              Chapter VIA.                   10AA).




              27. (a) Whether the
              assessee has complied
              with the provisions of
              Chapter XVII-B regarding 34(a). Whether the assessee is
              deduction of tax at      required to deduct or collect
              source and regarding the tax as per the provisions of
              payment thereof to the   Chapter XVII-B or Chapter
              credit of the Central    XVII-BB, if yes please furnish
              Government.              details.
              Yes No

             (b) If the provisions of        (b) Whether the assessee has
    FORM NO. Chapter XVII-B have not
                                             furnished the statement of tax
20. 3CD –    been complied with,             deducted or tax collected
    PART B   please give the following       within the prescribed time. If
             details*, namely:-              not, please furnish the details.
              Amount

                                         (c) Whether the assessee is
              (i) Tax deductible and not liable to pay interest under
              deducted at all            section 201(1A) or section
                                         206C(7). If yes, please furnish
                                         details.
              (ii) shortfall on account of
              lesser deduction than
              required to be deducted
               (iii) tax deducted late

               [ITR62;3CD,1]<1>

               Printed From

               (iv) tax deducted but not
               paid to the credit of the
               Central Government



               *Please give the details of
               cases covered in (i) to (iv)
               above.




                                         36. In the case of a domestic
               29. In the case of a      company, details of tax on
               domestic company,         distributed profits under
               details of tax on         section 115-O in the following
               distributed profits under form :—
               section 115-O in the
               following form :—
    FORM NO.
21. 3CD –                                     a. total amount of distributed
    PART B                                    profits;
               (a) total amount of
               distributed profits;        b. amount of reduction as
                                           referred to in section 115-
               (b) total tax paid thereon; O(1A)(i)

               (c) dates of payment with c. amount of reduction as
               amounts.                  referred to in section 115-
                                         O(1A)(ii)

                                              d. total tax paid thereon; date
                                         of payment with amounts.




                                         37. Whether any cost audit
                                         was carried out, if yes, give the
             30. Whether any cost        details, if any, of
    FORM NO.
             audit was carried out, if   disqualification or
22. 3CD –
             yes, enclose a copy of      disagreement on any
    PART B
                                         matter/item/quantity as may
             the report of such audit
                                         be reported/identified by the
             [See section 139(9)].
                                         auditor.




                                        38. Whether any audit was
                                        conducted under the Central
             31. Whether any audit      Excise Act, 1944, if yes, give
    FORM NO. was conducted under the the details, if any, of
23. 3CD –    Central Excise Act,        disqualification or
    PART B                              disagreement on any
             1944, if yes, enclose a
                                        matter/item/quantity as may
             copy of the report of such
                                        be reported/identified by the
             audit.
                                        auditor.




    FORM NO.                             39. Whether any audit was
24. 3CD –    -                           conducted under section 72A
    PART B                               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/quantity as may
                 be reported/identified by the
                 auditor.




                 41. Please furnish the details
                 of demand raised or refund
                 issued during the previous
    FORM NO.
                 year under any tax laws other
25. 3CD –    -
                 than Income Tax Act, 1961
    PART B
                 and Wealth Tax Act, 1957
                 alongwith details of relevant
                 proceedings.

				
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Description: Changes made in Tax Audit Report Assessment Year 2014-15