The Central Board of Direct Taxes has through, Income-tax (7th Amendment) Rules, 2014, notified new Forms of tax audit reports namely Form No. 3CA, 3CB and 3CD.The said notification can be downloaded from the link below:
https://taxguru.in/income-tax/cbdt-notifies-form-3ca-3cb-3cd-format-tax-audit-report-revised.html
With regard to the same, ICAI invites suggestions on the said new tax audit report formats, from the members. Members are requested to submit their suggestions latest by 6th August, 2014.
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NO BODY IS INTERESTED TO UNDERSTAND POSITION OF CA. IN REFERENCE TO CRITICAL SITUATIONS BEING FACED BY CA WITH REFERENCE TO COLLECTION OF INFORMATION, THEIR VERIFICATION & PRESSURE OF PENALTY ON HIM.
There may be certificate from all professionals who are authorized u/s 288(2). following language this certificate need to be contain:
I certified that all vouchers/bills regarding sale,purchases, expenses, household expenses & regarding capital addition have physically verified by me. If any wrong particular find out by A.O during assessment then I will be responsible for action under IPC.
IF SUCH THINGS ADOPTED THEN DEFINITELY INCREASE REVENUE & REDUCE COST OF ASSESSEE.
Why CBDT is not understand actual position? There is no need of certificates for Non-corporate assessees. Department need only revenue not certificates.These certificates till today present in income tax without evaluating its output since 1984.
If government wants revenue then these certificates need to be omitted from income tax act. These provisions only financial burden & wastes of time of indian assessees except this nothing else.
DATE EXTENDED FOR F.Y 2013-2014 AUDITED RETURN DUE TO REASON AUDIT PERFORMA & UTLITY NOT WEBSITE INCOME TAX TILL DATE WHO TO POSSIBLE FOR CA’S SOME DAYS AUDITED 60 BALANCE SHEET
NEW FORM 3CB LAUCHED . PENALTY ANY ACT ,SERVICE TAX REGISERATION, SHARE VALUE
WHO TO POSSIBLE FOR CA PENLATY NOT ASSESSED DURING THE YEAR. ONLY CA CHECK BOOKS OF RECORD. & COMPILED BALANCESHEET. DEPARTMENT NOT GIVE ANY CERTIFICATE NO PENALTY DURING THE YEAR EXCISE,VAT,SERVICE NO ANY METHOD CHECKING CA’S
SO YOU ARE REQUEST TO AMEND LIKE CERTIFICATE RECEIVED FROM ASSESSEE & UPLOAD WITH AUDIT REPORT NOT CA WRITE YES/NO LIKE APPOINTMENT LETTER,20000.00 NOT EXCEED
ADVOCATE RITU JAIN