• Nov
  • 12
  • 2012

Now Submission of Certified Tax Audit Report with ITR is Must

Prof. Krutesh Patel, CA

The Income Tax E filling website has undergone massive changes last week. The site has been modernized with growing need of Industry and professionals. The most important change is addition of professional window for chartered accountants. Till today, we have to file all income tax returns and related submissions like 154 through user account of concerned tax payer. It is open fact that about 90% of Income Tax Return is prepared by such professionals and not by tax payer directly. This created problem to keep track of processing of returns. When volume of return is numerous, it become practically impossible for professional to keep eye on their processing status. However, this separate professional window will help them to cater their customers in better way. Just like ROC, where such separate window is very successful, the same success is expected even in case of Income Tax. Still I am unable to register with said window, as site has been shown under construction. But I expect that, said window will call for better role of professionals.

However, there is some bad news, too. Now, professional has to certify Tax Audit Report along with filling of Income Tax return. It was required even now, but submission was not required online. But new site requires auditor to upload Income Tax Return along with Audit Report. This mean that, now CA can not keep preparations of 3CD report pending after September. Many times, due to over burden during September, many CA prefer to upload return mentioning date of Audit Report and then make Audit Report afterwards. However, now they have to put extra efforts and work harder in September.

Certifying report and return by professional will minimize changes of mismatch between that two. There were the cases where Assessee deliberately do not disclose some remarks of Tax Audit Report or don’t disallow some expenses, even if they were disallowed by tax auditor.  As return did not contain tax audit report, it was not possible for department to trace such instances. They come to know such only during scrutiny and many assessees takes shelter of that. This would be practically impossible due to said new portal. We keep our fingers cross and expect a successful implementation and functioning of said changes, both in the interest of department and taxpayer.


7 Responses to “Now Submission of Certified Tax Audit Report with ITR is Must”

  1. Bablu Nahata says:

    Yaha par ca ki Jagah Article use hona chahiye, bcoz september me to unki marti h

  2. CA ARVIND SHAH says:

    If Audit is done by C.A. but return is filed by tax consultant how audit report will be uploaded by him. Pl also explain procedure for C.A. Registration on i.t.site. when i try i get the massage members list not available.

  3. Abhinav says:

    In case of partnership firm of CA, Firm to be registered instead of Individual CA Partner as in ROC site.

  4. Devang Sadrani says:

    1. I have Just now wregistered with My Membership Number.

    2. Site is running with Internet explorer. Mostly all goverment website is supported by Internet explorer.

    3. Site is working with xp as I have Windows xp.

    Rgds
    CA devang

  5. Keshab Chaudhury says:

    sir,
    Income tax site though has been reformed but it has many discrepancies First & Foremost

    All returns not filed by CA’s alone but by Advocates (Tax Consultant), Cost Accountant & CS also. They are also professionals. They should also be included along with CA in Professional menu. Inclusion of professional is a right step.This will minimise the chance of wrong submission of Return & unnecessary & illegally revise return & submit return with tax Payable.

    Thank you

    Keshab Chaudhury

  6. JYOTSNA says:

    sir,
    Income tax site though has been reformed but it has many discrepancies like:
    1. Membership No. of six digits shown as invalid M. No.
    2. Site not running in all browsers
    3. Site also not working with window xp
    4. Further all returns not filed by CA but by Advocates (Tax Consultant) also. They are also professionals. They should also be included along with CA in Professional menu
    Thanks
    Jyotsna

  7. Rajesh Topiwala says:

    But while registering C. A. in Income Tax Site, membership in 5 digits are not being accepted even if 0 is put in beginning.

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