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July 29, 2014

New Tax Audit Report Format for A.Y. 2014-15 Onwards

The Income Tax Department on 25th July. 2014 with its Notification No. 33/2014, F.No.133/1/2014-TPL] has revamped the Tax Audit Report form 3CA, 3CB and 3CD. The new Tax Audit Report will be Applicable for filing done from A.Y. 2014-15 and onwards.


A lot of new points has been added to the new Audit report and many reporting has been changes. The relevant notification and the New report is attached here below for your reference:



Download the Full Notification from Here




ALSO READ OUR NEW POST 

STEP BY STEP PROCESS TO FILE TAX AUDIT REPORT ONLINE

ICAI REPRESENTATION ON NEW TAX AUDIT REPORT 

TAX AUDIT REPORT DATE EXTENDED

NEW TAX AUDIT UTILITY LAUNCHED

 

 

5 comments:

  1. If the Tax Audit Report has been signed prior to 25th July 2014 in the old format, whether that Report would remain valid or it needs to be done in the revised format ?

    ReplyDelete
    Replies
    1. Yes, the report signed before 25th July will remain valid.

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    2. we have finished our audit in june. but not e-filed the report. can we file using the old form now ?

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    3. Hi Renu,
      No you cannot file in Old Format, Income Tax has issued directions for it. Please read it from link below:

      http://www.ngoandtaxconsultant.in/2014/07/income-tax-will-not-accept-tax-audit.html

      Delete
  2. The tax auditor has to stae whether the assessee has purchased shares of any unlisted company for consideration less than the fair market value. The issue for consideration is whether the tax auditor will determine the fair market value of such shares.

    ReplyDelete

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