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Steps to file audit report electronically

Ganeshbabu K (Audit and Tax Advisory) (48504 Points)

22 June 2013  

STEPS TO FILE AUDIT REPORT ELECTRONICALLY


Step 1

Those Chartered Accountants (‘CA’) who have the Certificate of Practice (‘COP’) or are eligible to sign the tax audit report u/s 44AB of the Income Tax Act (‘the Act’) shall register themselves as Tax Professionals. After registration, you will get an activation link on email id provided by you. Now, you have been registered as a tax professional and your user id is ARCA (authorized representative CA) and your membership number. Eg. ARCA012345.

Step 2

This step has been followed by the assessee or by CA by using user id and password of assessee.

Assessee, who requires getting his account audited u/s 44AB of the Act, shall add CA who has to sign his tax audit report. Follow the following steps:
- Login with the user id of assessee
- Go to my account
- Add CA – Now you have to enter the membership no of CA (from whom the assessee wants to get his account audited) and the system will automatically reflects the name of your CA (if he is already registered as tax professional as mentioned in step 1).


Step 3

Download excel utility form of the tax audit report, fill it and generate the XML file (same as generated for filing ROI).

Further, I wish to bring to your kind notice that this tax audit report is not the substitute of the existing tax audit report. In other words, CA should also prepare detailed tax audit report as prepared by him in the preceding years, since the XML audit report is exhaustive in nature and there is no scope of descriptttion in it.

Source :CAUnited-CA*CS*CFA*CIMA*CPA*
 

Thanks & regards

Ganesh babu k


 22 Replies

Ganeshbabu K (Audit and Tax Advisory) (48504 Points)
Replied 22 June 2013

Step 4

Prepare the final balance sheet and profit and loss account before submitting the tax audit report. Balance sheet and profit & loss account should be attached (in pdf format) while uploading the XML file of tax audit report.

Step 5

After preparing all the documents now the time to file it on e portal of income tax, follow the following steps:
- Login with user id and password (use login id created in step 1, i.e. of CA)
- Go to the menu E file
- Select the option upload forms
- Furnish the required details and submit it


Step 6

This step has been followed by the assessee or by CA by using user id and password of assessee.

Assessee whose tax audit report has been submitted by the CA (in step 5) has to approve the tax audit report. The following step should be followed :-
- Login with the user id of assessee
- Go to work list
- Approve the tax audit report


Assessee can review the tax audit report, balance sheet and profit and loss account submitted by the CA. Assessee can reject the documents submitted by the CA, in that case the entire procedure of filing has to be start from the beginning.

Unless and until, tax audit report has been approved by the assessee, it has been assumed that no tax audit report has been furnished by the assessee. In simple words, tax audit report should also be approved by the assessee before the due date of filing the tax audit report.


Source: CAUnited-CA*CS*CFA*CIMA*CPA*

Thanks & regards
Ganesh babu k

Ganeshbabu K (Audit and Tax Advisory) (48504 Points)
Replied 22 June 2013

Register as a CA

https://xa.yimg.com/kq/groups/12982260/506621827/name/e

 

Thanks & regards

Ganesh babu k

2 Like

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14597 Points)
Replied 23 June 2013

Thanks a lot For sharing such a wonderful Post.

 

Regards,

RAJESH CHOUDHARY

1 Like

work is worship (Service) (2728 Points)
Replied 23 June 2013

Thanks Ganesh for sharing this..

Very helpful...

1 Like

Sathish M (Management Accountant) (40571 Points)
Replied 23 June 2013

Originally posted by : work is worship

Thanks Ganesh for sharing this..

Very helpful...  yes

1 Like

Ashish Agrawal (Practicing CA) (45 Points)
Replied 24 June 2013

Thnks a lot Ganesh.

 

1 Like

CA Mansi Kotecha (Keep Smiling !!) (6875 Points)
Replied 24 June 2013

 Thnx a lot for sharing..!

 Will be very useful..

1 Like

(Guest)
Originally posted by : Mansi Kotecha

 Thnx a lot for sharing..!

 Will be very useful..

 

Keep Sharing............

jeewan (Accountant) (24 Points)
Replied 24 June 2013

Good info... Thanks a lot...

1 Like

Vandana J Doshi (Practising Company Secretary)   (12562 Points)
Replied 25 June 2013

Originally posted by : Anamikaa Shuklaa




 Thnx a lot for sharing..!

 Will be very useful..




Keep Sharing............

CA Pramod Jain (manager finance) (1577 Points)
Replied 25 June 2013

There is one problem :-

 

Clause 32 i.e.% of GP , NP while filling the data we fill 0.025 for 2.50% GP & NP In print preview it come as right 2.50% however after upload form 3cd it reflects as 0.025.

 

wt to do?

Phalgun (Audit Manager) (327 Points)
Replied 25 June 2013

Thanx a lot for sharing. very useful info

CA Shruti kuchhal (CA ) (414 Points)
Replied 26 June 2013

Thanx for a very valuable information.

But what to do if a CA is using a software like Comptax, etc. for filling returns.

Hope for a early reply

CA Pramod Jain (manager finance) (1577 Points)
Replied 30 July 2013

Dear Sir,

 

But now IT Department has replaced excel utiliyu with EUtility and also after due valiadation at EUtility, while uploading xml file on it site it says, schema invalid.

 

pl suggest the way forward.


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