PROCEDURE TO E-FILE TAX AUDIT REPORT
Pursuant to amendment in rule 12 of the Income Tax Rules, by the notification no 42 dated 11/6/2013, the following proviso has been inserted in sub- rule (2) of rule 12 of eflie of tax audit report
“Provided that where an assesses is required to furnish a report of audit specified under sub-clauses (iv), (v), (vi) or (via) of clause (23C) of section 10, section 10A, clause (b) of sub-section (1) of section 12A, section 44AB, section 80-IA, section 80-IB, section 80-IC, section 80-ID, section 80JJAA, section 80LA, section 92E or section 115JB of the Act, he shall furnish the same electronically.
What is e-Filing?
The process of electronically filing Income tax returns through the internet is known as e-Filing.
e-Filing of Returns/Forms is mandatory for :
A. In the case of an Individual/HUF
a) Where accounts are required to be audited under section 44AB ;
b) Where (a) is not applicable and
i. The return is furnished in ITR-3 or in ITR-4; or
ii. The individual/HUF being a resident (other than not ordinarily resident) has Assets, including financial interest in any entity, located outside India, or signing authority in any account located outside India, or income from any source outside India;
iii. Any relief in respect of tax paid outside India under section 90 or 90A or
deduction under section 91 is claimed.
iv. Where an assessee is required to furnish an Audit Report specified under sections 10(23C) (iv), 10(23C) (v), 10(23C) (vi), 10(23C) (via), 10A, 10AA, 12A(1) (b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB, 115VW or give a notice under section 11(2)(a) shall e-File the same. These Audit Reports are to be e-Filed and any person required to obtain these Audit Reports are required to e-File the return.
v. Total income exceeds five lakh rupees or any refund is claimed (other than
Super Senior Citizen furnishing ITR1 or ITR2)
c) In cases covered by (a) above, the return is required to be e-Filed under digital
d) In cases covered by (b) above, the return is required to be e-Filed using any one of the three manners namely i) Digital Signature Certificate (DSC) or ii) Electronic Verification Code (EVC), or iii) Verification of the return in Form ITR-V.
B. In all cases of company the return is required to be e-Filed under digital
C. In the case of a person required to file ITR-7:
a) For a political party the return is required to be e-Filed under digital signature
b) In any other case of ITR 7, the return is required to be e-Filed using any one of the three manners namely i) DSC or ii) EVC or iii) ITR V
D. In case of Firm or Limited Liability Partnership or any person (other than a person
mentioned in A, B & C above) who are required to file return in Form ITR-5
a) Where accounts are required to be audited under section 44AB, the return is required to be e-Filed under digital signature (DSC)
b) In any other case the return is required to be e-Filed using any one of the three
manners namely i) DSC or ii) EVC or iii) ITR V.
E. A company and an assessee being individual or HUF who is liable to audit u/s 44AB
are required to furnish Form BB (Return of Net Wealth) electronically using DSC.
F. Information to be furnished for payments, chargeable to tax, to a non-resident not
being a company, or to a foreign company in Form 15CA.
G. Appeal to the Commissioner (Appeals) in Form 35.
e-Filing of Income Tax Returns
Types of e-Filing
There are three ways to file Income Tax Returns electronically:
Option 1: e-File without Digital Signature Certificate. In this case an ITR-V Form is
generated. The Form should be printed, signed and submitted to CPC, Bangalore using
Ordinary Post or Speed Post ONLY within 120 days from the date of e-Filing. There is no further
action needed, if ITR-V Form is submitted.
Option 2: e-File the Income Tax Return through an e-Return Intermediary (ERI) with or
without Digital Signature Certificate (DSC).
Option 3: Use Digital Signature Certificate (DSC) / EVC to e-File. There is no further action
needed, if filed with a DSC / EVC.