Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Payment of Tax in case of Audit

JITENDRA SINGHVI (SELF EMPLYOED) (211 Points)

05 October 2018

How the payment of Tax is made in case of 3CB-3CD filing...Since there is no Tab of payment details & computation in report..?

Reply
Follow
Share

8 Replies

CA Rakesh Joshi (Chartered Accountant ) (1272 Points)
Replied 05 October 2018

Form 3CA-3CD or 3CB-3CD is form of audit report issued by a chartered accountant and not a income tax return. Therefore there will not be any tab for payment of tax. There will only be disclosure points.

Upgrade to CAclubindia Pro. Subscribe Now!

JITENDRA SINGHVI (SELF EMPLYOED) (211 Points)
Replied 05 October 2018

Then Where to make payment and how the computation will be done..After submitting the return..?

CA Rakesh Joshi (Chartered Accountant ) (1272 Points)
Replied 05 October 2018

ITR should be filed only after making proper computation of Income and after giving affect to all the provisions of Income Tax Act.

After proper IT Computation you will have to file your ITR. If you have filed ITR already, and paid the tax accordingly and correctly as per the computation, there is no need to pay tax further.

JITENDRA SINGHVI (SELF EMPLYOED) (211 Points)
Replied 05 October 2018

can you please provide details of procedure...since I have filled the audit form..but I don't know what to do next..?

CA Rakesh Joshi (Chartered Accountant ) (1272 Points)
Replied 05 October 2018

Are you under tax audit u/s 44AB of the Act?

Upgrade to CAclubindia Pro. Subscribe Now!

JITENDRA SINGHVI (SELF EMPLYOED) (211 Points)
Replied 05 October 2018

yes..Income lower than 8%

CA Rakesh Joshi (Chartered Accountant ) (1272 Points)
Replied 05 October 2018

If you have not filed the ITR yet then, it is suggested to please take advice from a professional for filing the ITR then filed 3CB3CD.

aradhana upadhyay (151 Points)
Replied 05 October 2018

First you need to file your Income tax return, where you will pay taxes, if payable. And then file Form 3CA-CD or 3CB-CD, as the case may be, which is nothing but a report on tax audit.