Mandatory E-FILLING of Chartered Accountant’s Tax Audit report under section 44AB, 92E & 115JB of Income Tax Act, 1961
Income Tax department vide Notification No. 34/2013/F.No.142/5/2013-TPL dated 01/05/2013 has made e-filing of tax audit report under section 44AB, section 92E and Section 115JB by a Chartered Accountant mandatory.
The following words have been inserted in said rule by Notification 34/2013: –
in sub-rule(2), the following proviso shall be inserted, namely:-
“Provided that where an assessee is required to furnish a report of audit under section 44AB, 92E or 115JB, he shall furnish the same Electronically on or before the due date for furnishing the return of income under subsection (1) of section 139.
Effective Date:- 01.04.2013 i.e. Assessment Year 2013-14
Requirement of Tax Audit under section 44AB
|Section 44AB||(i) A person carrying on business whose turnover exceeds Rs. 1 Crore or claims that his profits are less than presumptive profits under section 44AD, 44BB. 44BBB or 44AE||Form 3CA or 3CB along with Annexure in form 3CD||30.09.2013 or 30.11.2013 if 92E applies|
|(ii) A person engaged in profession whose gross receipts exceed Rs. 25 Lakhs.|
|Section 92E||Person who has entered into an international transaction or specified domestic transaction||Form 3CEB||30.11.2013|
|Section 115JB||Companies who are required to pay minimum alternate tax||Form 29B||30.09.2013 or 30.11.2013 if 92E applies|
The Tax Audit Forms are required to be uploaded electronically on https://incometaxindiaefiling.gov.in/e-Filing/ by a chartered Accountant under the user category of Tax Professional.
Download Tax Audit Forms
|Form 3CA-3CD||Audit Report u/s 44AB where accounts of business or profession have been audited in some other law|
|Form 3CB-3CD||Audit Report u/s 44AB where accounts of business or profession have not been audited in some other law|
|Form 3CEB||Audit Report u/s 92E for person who has entered into an international transaction or specified domestic transaction|
|Form 29B||Report u/s 115JB for computing book profits of company|
Points for considerations:-
- Whether these reports are to be uploaded on the website on the income tax department under digital signatures or without digital signatures, is still to be clarified.
- Format of files i.e. html files, xml files etc. for furnishing the audit reports electronically is yet to be prescribed.