Dear Taxpayer,

It is found from the Return of Income e-Filed by you for AY 2014-15 you were liable to get your accounts audited under applicable sections of the Income Tax Act, 1961. The due date for e-Filing the return of income for AY 2015-16 together with the appropriate audit report(s) is 30th September, 2015. In order to avail the benefits of the claims and for proper discharge of your legal obligations, e-Filing of the return as well as the audit report(s) within the due date is a pre-requisite. The Department will monitor compliance in this regard and may initiate necessary follow-up action in case of any default.

This is to remind you in advance to e-File the required audit report(s) as well as the Return of Income, well in time to avoid last minute rush. For your ready reference following cases attract liability to get the accounts audited under the Income Tax Law:

Section Particulars Form
Section 10(23C) Trusts/Institutions/Hospitals and other entities covered by section 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via) Form 10BB
Section 10A Undertakings in Free Trade Zone etc. Form 56F
Section 12A(b) Charitable or Religious trusts or Institutions Form 10B
Section 44AB Auditable case under any Law other than Income Tax Act, 1961. Form 3CA-3CD
Section 44AB Turnover exceeding the certain specified limit under the Income Tax Act, 1961. Form 3CB-3CD
Section 44DA Income by way of Royalties etc. in case of a Non-Resident. Form 3CE
Section 50B Capital gains in case of slump sale. Form 3CEA
Section 80-I(7)/80-IA(7)/80-IB/80-IC Claims under section 80-I(7)/80-IA(7)/80-IB/80-IC Form 10CCB
Section 80-IB(11B) Claims under section 80-IA(11B) Form 10CCBC
Section 80-IB(11C) Claims under section 80-IB(11C) Form 10CCBD
Section 80-ID(3)(iv) Claims under section 80-ID(3)(iv) Form 10CCBBA
Section 80JJAA Claims under section 80JJAA Form 10DA
Section 80LA(3) Claims under section 80LA(3) Form 10CCF
Section 115JB Minimum Alternate Tax (MAT) Form 29B
Section 115VW(ii) Tonnage Tax Form 66

Kindly ignore this mail, if you have already e-Filed the Return of Income and the Audit Report(s).

Regards,
e-Filing Team,
Income Tax Department

(Source- Email from Income Tax Department)

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0 responses to “List of cases requiring Audit under Income Tax Law by 30th September”

  1. T K wadhwa says:

    Sir,

    I would like to know if an assessee is engaged in Trading and IT Services. The turnover from trading is less than 1 crore and from IT Services is more than 1 crore, whether he will be required to get the accounts audited U/S 44AB for both or for IT Services only. The assessee is not maintaining separate books of accounts. If two audit reports are there then both the Audit Reports can not be uploaded. What is the remedy.

    Please reply immediately.

    Thanks

    TK

  2. Naveen Rishi says:

    I think that this mail has been received from all taxpayers who had not filed their tax return by August 31, 2015. The department has assumed that all these cases required audit under the various provisions of the Income Tax Act. The mail states that even for the last assessment year 2014-15, the audit had to be conducted which sounds very ridiculous. It creates an impression that the tax payer has already evaded the law in the last assessment year, where as in most of the cases that may not be the case. The intention of the mail, I think, is to educate the tax payers about their obligations but the language used gives a different impression.

    Warm regards,

    Naveen Rishi

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