My assessee get income tax notice from Income Tax Department for filing Income Tax Return for the A.Y.2017-18 & 2020-2021 u/s.148. This year my assessee , practising Medical profession for the A.Y.2017-18 professional fee above Rs.50 Lakh and A.Y.2020-21 above Rs. 1 crore . Thus these years can file tax audit report before filing income tax return against 148 Notice number nor only file income tax returns for those years.
Please advice.
The Verdict: Yes, you must upload and accept the Tax Audit Report (Form 3CB-3CD) electronically before submitting the ITR under Section 148.
The Workflow: CA uploads Audit Report $\rightarrow$ Assessee accepts it on portal $\rightarrow$ File ITR under Section 148 referencing the audit details. This regularizes the books and prevents arbitrary ad-hoc additions during the reassessment process.
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