Tax audit of f.y. 2012-13 in current year

Hello There,

Just need some urgent help related to Tax Audit.

As we all are aware that the formats of new tax audit reports are changed and already most of the experts must have finished filing them till date. However a serious difficulty has aroused today. one of my clients has approached me to do his tax audit for F.Y. 2012-13 i.e. A.Y. 2013-14 currently. I am confused that should i e-file the report in revised format or in the last year format as the notification says that audit after prescribed date will have to be done in new format. But what if it is for last year.

PLS HELP !!!

Replies (3)
In my opinion, if your audit report is dated post to notification issued by IT Dept. then it should be in new format prescribed in notification. Nevertheless you can prepare 3CD in old format.

Please remember failure of file 3CD by due date will invite penalty under section 271B -- 1/2 % of turnover/gross receipts or 1 lakh whichever is less.

Thanks,

Dear Deepjyoti,

He is ready to pay penalty u/s. 271B but my main query here is the format in which i should upload.

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