Introduction: The Income Tax Department (Bihar & Jharkhand) in Patna has issued a notice inviting applications from qualified Chartered Accountants (C.A.) firms for empanelment as Special Auditors under sec. 142(2A) of the Income-tax Act, 1961. The empanelled C.A.s will conduct audits, and the remuneration will be governed by Rule 14B of the Income-tax Rules, 1962.
Detailed Analysis:
(A) Eligibility Conditions:
- The applicant firm should be reputable, with a staff strength of at least 20, including a minimum of 2 Chartered Accountants continuously working for the last one year.
- The firm must have a minimum of 7 years of accountancy and auditing experience.
- Gross professional receipts from accountancy and auditing should be at least Rs. 20 Lacs in at least 3 of the last 7 years.
- No professional misconduct charges or tax evasion investigations should be pending against the firm.
- The decision of the Department on empanelment will be final.
(B) Terms and Conditions:
- Remuneration for special audits will be decided case-to-case basis according to Rule 14B of the Income-tax Rules, 1962.
- Empanelment decisions will consider the general reputation of the applicant firm, penalties under the Income Tax Act, and other statutory authorities.
- Applications should be submitted in the specified format, available for download on the Income Tax Department’s website.
Conclusion: Chartered Accountants, proprietary concerns, and companies meeting the eligibility criteria are encouraged to submit their applications for empanelment as Special Auditors within 15 days from the date of this notice. The empanelled C.A.s will be called upon for their services on a payment basis as required by the government. Detailed information, including the application form and terms, can be downloaded from the official website.
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OFFICE OF THE PRINCIPAL CHIEF
CONIMISSIONER OF INCOME TAX (BIHAR & JIIARKHAND)
1st FLOOR, C.R BUILDING,
BIRCHAND PATEL MARG. PATNA-800001
ITEL NO: 0612-2504447, FAX : 0612-2504066
Email- [email protected]
F. No. 85045/12/2023-24/9192
Dated: 10th January, 2024
NOTICE
The Income Tax Department (Bihar & Jharkhand), Patna invites application from qualified Chartered Accountants firms (within the meaning of the Chartered Accountants Act. 1949) for empanelment as Special Auditors to carry out audit in accordance with the provisions of sec. 142(2A) of Income -tax Act, 1961. The remuneration for the Special Audit is governed by Rule 14B of the Income -tax Rules, 1962.
(A) Eligibility Conditions‑
(a) The applicant should be a reputed firm including proprietary concern engaged in the profession of accountancy and auditing having a staff strength of at least 20, including a minimum of 2 Chartered Accountants working with the applicant continuously at least for the last one year (other than the partners/proprietor) as on 31.03.2023. (Adequate evidence supporting the claim of staff strength and strength of CAs to be enclosed as ‘Annexure A’).
(b) The applicant should have accountancy and auditing experience of a minimum period of 7 years as on 31.03.2023 (Supporting evidences need to be adduced with application as ‘Annexure B’.
(c) The applicant should have filed returns of income regularly up to A. Y. 2023-24 and the gross professional receipts of the applicant from accountancy and auditing exclusively declared therein should be at least Rs.20 Lacs or more in at least 3 of the last 7 years (i.e. from F.Y. 2016-17 to F.Y. 2022-23)
< 1 >. Evidence supporting claim in this respect needs to be enclosed with the application as ‘Annexure C’.
<2>. PANs, AO details of the applicant concern/firm and those of the partners need to be specified in the application.
(d) The applicant should not have been charged with having indulged in any professional misconduct and no compliant u/s 21 of the Chartered Accountants Act, 1949 for any irregularity should have been filed against the applicant, with the Institute of Chartered Accountants.
(e) No prosecution should have been launched under Chapter XXII of the Income-tax Act, 1961 or under any other statute, against the firm or its partners or against the proprietary concern as the case may be.
(f) There should not be any Income-lax dues outstanding against the applicant concern or partners in case the applicant concern is a firm on the date of making the application.
(g) The applicant should not be facing any investigation/inquiry for tax evasion on the date of making the application.
(Declaration by the applicant in the form of affidavit of Rs. 100 stamp Papers in respect of fulfillment of clauses d), (e), (f) and (g) as above needs to be enclosed with the application as ‘Annexure D’].
(h) The decision of the Department as regard to the empanelment of CAs will be final and binding.
Terms and conditions:
(i) The remuneration including expenses of and incidental to any special audit shall be decided on a case-to-case basis in accordance with Rule 14B of the lncome-tax Rules, 1962, and shall be paid by the Department.
(ii) The empanelment of CAs shall be made at the discretion of the Department, and the decisions made shall be final. Apart from the above criteria, the general reputation of the applicant firm or proprietary concern or company as gathered from Departmental sources. including the facts of any penalty levied under the Income Tax Act or by any other statutory authority shall be taken into account.
(iii) Application should be submitted in the format given in the notice. Any application which is not in the format will not be entertained.
Chartered Accountant firms. proprietary concerns and companies fulfilling the above eligibility conditions may submit their applications for empanelment, along with the relevant details and specifying how the eligibility conditions are satisfied, to the office of Joint Commissioner of Income Tax (Tech.), Patna at 1st Floor, Central Revenue Building, Birchand Patel Marg, Patna-800001, for processing the same for empanelment for Special Audit u/s 142(2A) of the Income-Tax Act, 1961. The applications may be submitted personally or may be sent through post so as to reach in the office of Joint Commissioner of Income Tax (Tech.), Patna at 1st Floor, Central Revenue Building, Birchand Patel Marg, Patna-800001, on or before the last date as specified below.
The applicant should state PAN No. and particulars of Income Tax assessments (i.e. Ward/Circle/Place) in respect of proprietary concern/C.A. firm/Company as well as in respect of its partners/ Directors in the application.
The application must reach in the office of Jt. Commissioner of Income-Tax (Tech.), Patna at 1st Floor, Central Revenue Building, Birchand Patel Marg. Patna-800001, within fifteen days from the date of publication of this Notice.
(Vijay Ranjan Sinha)
Joint Commissioner of Income-tax (Tech)
For: Pr. Chief Commissioner of Income-tax (B&J). Patna
REQUIRES
Chartered Accountants for empanelment u/s 142(2A) of the Income Tax Act, 1961, of their names in the Income Tax Department. The empanelled C.A.s will be called as and when their services are required by the Government on payment basis at prescribed value.
Interested CA/CA firms/ CA LLP firms may apply alongwith their C.V.s within 15 days from the date of publication of this advertisement.
The required application form and detailed terms 86 conditions can be downloaded from the website below:
(1) https: / /www.incometax india.gov.in/ Pages/ tenders.aspx
(2) https:/ /www.incometaxindia.gov.in/ Pages/misccommunications.aspx
(Vijay Ranjan Sinha)
Joint Commissioner of Income-tax (Tech)
For: Pr. Chief Commissioner of Income-tax (Bihar 8r, Jharkhand),
Central Revenue Building, Patna
Proforma
1 Name of the Applicant
2 Complete Address of the Applicant
3 Pan of the Applicant:
4 Details of the AO of the Applicant:
5 Phone no. And fax no. of the applicant
6 Website Address and email id of the Applicant:
7 Details of the Partners/ Proprietor of the Applicant:
| S No. | Name of the Partners/Proprietor | Pan | Details of the AO | Phone no. and Email Id. |
8 Staff Strength and No. Of CAs:
i Total staff Strength as on 31.03.2023.
ii No. Of CAs Continuously working for at least one year as on 31.03.2023
| Evidence in support of (I) and (ii) above | Enclose and mark as ‘Annexure –A’ |
9 Minimum experience, empanelment with other Government Department and details 9 about outstanding work and suitability:
| (a) No. of years of accountancy and auditing experience as on 31.03.2023 along with evidence | No of years: Enclose evidence and mark it as ‘Annexure-B’ |
| (b) Is the applicant empanelled with any other Govt. Agency: | Yes/No |
| (c) Please indicate any outstanding work done earlier as valuer of inventory in any other Central Government Department or Court of Law’ | Years in which empanelled as an auditor |
| (d) Please indicate (in not more than 500 words) your Suitability to be empanelled as a special Auditor on separate sheet. | Outstanding Work done |
10. Details of Return of income and gross professional receipts of the applicant:
| Has the applicant filed returns of income regularly up to A.Y. 2023-24 | Yes / No |
.
| If yes then, the details of filing of return in the last 7 years | ||
| Assessment Year | Date of filing | Returned Income |
| AY 2017-18 | ||
| AY 2018-19 | ||
| AY 2019-20 | ||
| AY 2020-21 | ||
| AY 2021-22 | ||
| AY 2022-23 | ||
| AY 2023-24 | ||
- The amount of gross professional receipts from accountancy and auditing exclusively in the last 7 years along with evidences to be marked as ‘Annexure C’.
| Gross Professional Receipt | |||||
| FY | From Accountancy | From auditing | Internal Audits | From accountancy and auditing | Total |
| FY 2016-17 | |||||
| FY 2017-18 | |||||
| FY 2018-19 | |||||
| FY 2019-20 | |||||
| FY 2020-21 | |||||
| FY 2021-22 | |||||
| FY 2022-23 | |||||
11. Declaration to be enclosed by the application and marked as ‘Annexure-D’ in respect of fulfillment of clauses (d),(e), (f) & (g) of this notice.
On behalf of the applicant_______________________________ (name of the applicant), I, _____________ (name of the proprietor/partner), in the capacity of partner/proprietor, am authorized to certify that all the above mentioned particulars are true and correct.
Seal of the applicant
Name and signature of the authorized person
Designation of such person:
Date:
CHECKLIST
The applicants are advised to ensure that the applications to be submitted should be duly filled in along with the following details. Incomplete and incorrectly filled in applications are liable for rejection:
◊ Main application on applicant’s letter head
◊ Duly filled in PROFORMA FOR APPLICATION.
◊ ‘Annexure-A’-supporting claim of staff strength
◊ ‘Annexure-B’-supporting claim of years’ of experience
◊ ‘Annexure-C’ supporting claim of filing of returns of income regularly up to A.Y. 2023-24 and the gross professional receipts of the applicant from accountancy and auditing exclusively should be at least Rs.20 Lacs or more in at least 3 of the last 7 years (i.e. from F.Y. 2016-17 to F.Y. 2022-23) .
◊ ‘Annexure-D’-Self declaration in respect of fulfillment of clauses (d), (e), (f) & (g) of this notice.
All pages are to be duly signed and sealed.
