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New ITRs for AY 2013New ITRs for AY 2013--1414
&&
EE--filing of Tax Audit Reportfiling of Tax Audit Report
CA. PRAMOD JAINCA. PRAMOD JAINFCA, FCS, ACMA, DISA, MIMAFCA, FCS, ACMA, DISA, MIMA
LUNAWAT & CO.LUNAWAT & CO.Chartered AccountantsChartered Accountants
Mandatory e-filing
� Companies – with DSC only
� An individual, HUF or Firm to whom Tax Audit is applicable – with DSC only
� Any individual or HUF being a resident (other than NOR) having assets located outside
Lunawat & CoLunawat & Co..
than NOR) having assets located outside India or is signing authority in any account located outside India
� A person claiming relief u/s 90 or 90A or 91
� A person whose total income exceeds Rs. 5 Lacs
Mandatory e-filing� Mandatory e-filing of ITR where report of audit is
required under:
� S. 10 (23C) (iv), (v), (vi) or (via),
� Section 10A,
� Section 12A(1)(b),
� Section 44AB
Section 80-IA,
Lunawat & CoLunawat & Co..
� Section 80-IA,
� Section 80-IB,
� Section 80-IC,
� Section 80-ID,
� Section 80JJAA,
� Section 80LA,
� Section 92E
� Section 115JB
Mandatory e-filing of Audit ReportsLunawat & CoLunawat & Co..
S. N Section Form N /F
1 10 (23C) (iv),(v), (vi) or (via)
10BB F
2 10A 56F N
3 12A(1)(b) 10B F
4 44AB 3CA/3CB; 3CD F4 44AB 3CA/3CB; 3CD F
5 80-IA 10CCB, 10CCC N
6 80-IB 10CCB, 10CCBC, 10CCBD
N
7 80-IC 10CCB N
8 80-ID 10CCBBA N
9 80JJAA 10DA N
10 80LA 10CCF N
11 92E 3CEB F
e-filing of Audit ReportsLunawat & CoLunawat & Co..
S. No.
Section Form N/F
1 33AB(2) 3AC N
2 33ABA(2) 3AD N
3 35D(4)/35E(6) 3AE N3 35D(4)/35E(6) 3AE N
4 44DA(2) 3CE N
5 50B(3) 3CEA N
6 142(2A) 6B F
7 285 49C N
8 115VW 66 N
Forms to be authorized by CALunawat & CoLunawat & Co..
S. No.
Section Form N/F
1 72A(2)(iii) 62 N
2 115R - UTI 63 N
3 115R - MF 63A N3 115R - MF 63A N
4 115U 64 N
General
� Now all returns to be paperless i.e., no documents to be attached including ITR – 7
� Instead of MICR now IFSC to be given
Lunawat & CoLunawat & Co..
� Instead of MICR now IFSC to be given – mandatory for Refunds and return above 5 Lacs
ITRs to be usedLunawat & CoLunawat & Co..
Individual and HUF
Nature of income ITR 1
(Sahaj)
ITR 2 ITR 3 ITR 4 ITR 4S
Sugam
Income from salary/ pension Yes Yes Yes Yes -
Income from one HP (excluding losses) Yes Yes Yes Yes -
Income or losses from more than one HP - Yes Yes Yes -
Income not chargeable to tax > Rs. 5,000 - Yes Yes Yes -
Income from other sources (other than winnings
from lottery & race horses or losses in this head)
Yes Yes Yes Yes -
Income from other sources (including winnings
from lottery and race horses)
- Yes Yes Yes -
CG/loss on sale of investments/ property - Yes Yes Yes -
Share of profit of partner from a partnership - - Yes Yes -
Income from proprietary business/ profession - - - Yes -
Income from presumptive business - - - - Yes
Details of foreign assets - Yes Yes Yes -
Claiming relief of tax u/ss 90, 90A or 91 - Yes Yes Yes -
ITRs to be usedLunawat & CoLunawat & Co..
Other Assesses
Persons ITR 5 ITR 6 ITR 7
Firm Yes - -
Association of persons (AOP) Yes - -
Body of Individuals (BOI) Yes - -
Companies other than - Yes -Companies other than
companies claiming exemption
under Sec. 11
- Yes -
Persons required to furnish
return under:
(1) Section 139(4A);
(2) Section 139(4B);
(3) Section 139(4C); and
(4) Section 139(4D)
- - Yes
General changes in ITRs
� Details of Income accruing or arising outside India will have to be given in “Schedule FSI”.
� New “Schedule – AL” - Assets and
Lunawat & CoLunawat & Co..
� New “Schedule – AL” - Assets and Liabilities of an individual or HUF. This is to be filled when the income > 25 lakhs.
� Immovable Property – Land, Building
� Movable – Bank, FDR, Cash, Shares, Insurance, Loans & Advances, Jewellery, Bullion, drawing, painting, vehicles, etc
� Liability in relation to above assets
ITR 6 – Changes B/s
� Revised Schedule VI followed
� Share application money pending allotment
� Pending for less than one year
Lunawat & CoLunawat & Co..
� Pending for less than one year
� Pending for more than one year
� Non-current liabilities
� Deposits from related parties
� Loans and advances from related parties
ITR 6 – Changes – B/S
� Trade payables
� Outstanding for more than 1 year
� Others
� Long-term loans and advances:
Lunawat & CoLunawat & Co..
� Long-term loans and advances:
� for the purpose of business or profession
� not for the purpose of business or profession
� given to shareholder, being the beneficial owner of share, or to any concern or on behalf/ benefit of such shareholder as per section 2(22)(e) of I.T. Act
ITR 6 – Changes – P & L
� Expenses to be disclosed into:
� To non resident other than a company or a foreign company
� To others
Lunawat & CoLunawat & Co..
� Commission
� Royalty
� Professional / Consultancy fees / Fee for technical services
� Interest
ITR 6 – Changes – P & L
� Bad debts written off
� Specify PAN of the person, if it is available, for whom Bad Debt for amount of Rs.1 lakhor more is claimed and amount
Others (more than Rs. 1 lakh) where PAN is
Lunawat & CoLunawat & Co..
� Others (more than Rs. 1 lakh) where PAN is not available
� Others (amounts less than Rs. 1 lakh)
Reasons
�No information with ITD regarding Tax Audit Report
�Fake signing of Reports
Non- existence of CAs
Lunawat & CoLunawat & Co..
�Non- existence of CAs
�Non- practicing CAs
�Part time COP
�Expired members
ProcessProcess
CA to Register
Assessee to add CA
CA to prepare TAR
Lunawat & CoLunawat & Co..
CA to upload TAR
Assessee to accept TAR
Assessee to file ITR
Registration of CA� Register on E- Portal as Tax Professional
� Only practicing CA can register. Firm cannot register
� Details required:
� Name
Lunawat & CoLunawat & Co..
� Name
� Membership number
� Date since member
� Password to be created
� DSC
� E-mail id
� Mobile No.
� Date of birth (same as per ICAI and PAN)
Registration of CALunawat & CoLunawat & Co..
� As soon as you register, you will receive an activation link on email id provided during Registration - click on the link to complete the registration process
Login for CA� After registration login using:
� User id as ARCA (Authorized Representative CA) prefixing with your membership no. Eg. ARCA654321.
� Password
� Date of Birth
Lunawat & CoLunawat & Co..
Date of Birth
Assessee to Choose CA� Login with the user id and password of the
assessee
� Go to “ my account “
� Add CA – Enter the membership no of CA - the system will reflect name of the CA only if he is already registered as tax professional .
Lunawat & CoLunawat & Co..
already registered as tax professional .
� Select the form no for which CA is to be added
� Select AY
� E-mail will be sent to selected CA about the adding his as CA of a particular assessee.
� E-mail will be sent to assessee also regarding the addition/change in CA.
Changing CA
� Allowed before accepting the uploaded TAR
Lunawat & CoLunawat & Co..
� You can add another CA
� From My Account use Dis-engage CA option. Then Add new CA
Preparing TAR
� Common Utility for 3CA/CB/CD, 3CEB, 6B, 10B, 10BB, 29B
� In Form 3CB – Para 2, Address of HO and no. of Branches also to be given
Lunawat & CoLunawat & Co..
no. of Branches also to be given
� Fill as per Tax Audit Report Signed
� Depreciation Chart
� Does not calculate itself
� Date of addition to be given
� Use Block system
Preparing TAR
� Where no information – mention NA
� 40A(2)(b) – Name, PAN, Relation & Nature to be commented
Lunawat & CoLunawat & Co..
� 269SS / 269T – give address and PAN and other details
� Validate – errors appear on right side – correct it and generate XML
Preparing Tax Audit Report
� In quantity units to be given
� Requires By-products separately though not required in 3CD
� Save Information as many times as
Lunawat & CoLunawat & Co..
� Save Information as many times as possible
� While uploading a folder has to be created – ‘fakepath’ in C drive; where xml file is to be saved.
Uploading Tax Audit Report� To be uploaded by CA who signed TAR
� Balance Sheet and PL A/c are to be uploaded (in PDF format) along with the XML file of TAR in single action
sd/- copy can also be uploaded, but CA
Lunawat & CoLunawat & Co..
� sd/- copy can also be uploaded, but CA should have signed copy with him. Signed copy should be preferred.
� XML file does not contain descriptions
� Also Cost Audit Report and Excise Audit report to be attached
Uploading Tax Audit Report� In Form 3CA – Statutory Audit Report
also to be attached
� Limit of attachments – 50MB
� Currently FRN is not allowed on portal, but may soon be allowed
Lunawat & CoLunawat & Co..
but may soon be allowed
� If revised report is to be prepared and uploaded - SA 560 ‘Subsequent Events’.
� If ITR filed before 1.5.13 i.e. date of notification for e-filing of TAR, file TAR now
Uploading Tax Audit Report� After preparing all documents upload it
on e-filing portal by following steps:
� Login with user id & password -ARCA654321
� Go to menu E-file – Select upload forms
� Fill out the required details and submit it.
Lunawat & CoLunawat & Co..
� Fill out the required details and submit it.
Assessee’s Approval� Assessee to approve tax audit report:
� Login in assessee A/c - Go to work list
� Approve the TA report using DSC
� Assessee can review the uploaded tax audit report; B/S and PL by CA and can
Lunawat & CoLunawat & Co..
audit report; B/S and PL by CA and can reject them. For viewing report -password – PAN in lower case and date of birth
� Rejection by comments of at least 50 words
TAR � Assessee to approve TAR before due
date of filing the tax audit report else it will be assumed that no TAR has been furnished by the assessee.
� CA can view from - My Account:
Forms filed by him
Lunawat & CoLunawat & Co..
� Forms filed by him
� PAN of client-wise
� XML
� AR
� Receipt of TAR filed
� Attached documents – B/s & PL
� His client list – includes inactive names
� No. of Audits
Latest Version
� In status – cooperative bank and cooperative society added
� In depreciation chart – Blocks predefined; closing WDV is calculated
Lunawat & CoLunawat & Co..
predefined; closing WDV is calculated but not depreciation
� In brought forward loss – instead of order no – order u/s
� In ratios – now to give GP and turnover too. It calculates ratio itself
Process Process -- RecapRecap
CA to Register
Assessee to add CA
CA to prepare TAR
Lunawat & CoLunawat & Co..
CA to upload TAR
Assessee to accept TAR
Assessee to file ITR
Lunawat & CoLunawat & Co..
CA. CA. PramodPramod JainJain
LUNAWAT & CO.LUNAWAT & [email protected]@lunawat.com
+91 9811073867+91 9811073867
© CA. Pramod Jain, Lunawat & Co© CA. Pramod Jain, Lunawat & Co