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CA Priti Bamal   25 September 2019

Tax Audit of branch and head office

Please explain branch and head office tax audit ,how to conduct


 10 Replies

RAJA P M

RAJA P M ("Do the Right Thing...!!!")     25 September 2019

In General activity Tax Audit conducted based in BOA and Statuory Compliance and Tax audit is pan based provision.

Better to ask clearly...!
Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     25 September 2019

Branch auditors to conduct the audit in same fashion as done for Head Office. Proper communication shud be there between branch and principal auditors.branch auditors to forward their reports to principal auditors.
1 Like
CA Priti Bamal

CA Priti Bamal   25 September 2019

Separately for branch or accounts should be combined for head office?
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     25 September 2019

Accounts should combined at the time of filling ITR...

In case branch and head office not audited (internal) then branch detail will be branch Auditor...
Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     25 September 2019

Principal auditors will look at the organization as a whole and file ITR as one.
Branch auditors need to only forward their reports to principal auditors.
However if there are no branch auditors and principal auditors are the same for both branch and HO then principal auditors will only prepare audit reports for branch and HO and file the returns as one for entire organization
CA Priti Bamal

CA Priti Bamal   25 September 2019

Branchauditor will file form 3cb 3cd online ?
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     25 September 2019

Branchauditor will file form 3cb 3cd online ?

- No... One return can be file

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Is here branch office have auditor or not...?
CA Priti Bamal

CA Priti Bamal   25 September 2019

How will branch auditor furnish his report ?is there any specific format?
Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     25 September 2019

As prescribed under company act and income tax act. if it's other than company then as prescribed under income tax act
CA Priti Bamal

CA Priti Bamal   25 September 2019

What's the format? can anyone mail me?

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