To enable pre-filing of returns on basis of audit reports, various sections of the Income-tax Act are proposed to be amended to provide that the tax audit report shall be furnished by the assessees at least one month prior to the due date of filing of return of income.
The due date for filing of return of income in case of tax audit is also proposed to be increased from September 30 to October 31 of the Assessment Year.
Thus, tax audit reports shall be required to be furnished on or before September 30 of the Assessment Year.
| S.
No. |
List of
Sections |
Description |
Form No. |
1 |
Section 10(23C) |
Audit report certifying the exemption claimed under section 10(23C). |
10BB |
2 |
Section 10A |
Audit report certifying the deduction claimed under section 10A |
56F |
3 |
Section 12A |
Audit report certifying the exemption claimed under section 11 by a trust registered under section 12A |
10B |
4 |
Section 32AB |
Audit report certifying the deposits made to investment deposit account for the purposes of deduction under section 32AB |
3AAA |
5 |
Section 33AB |
Audit report certifying the deduction for expenditure on know how under Section 33AB. |
3AC |
6 |
Section 33ABA |
Audit report certifying the deduction for expenditure for obtaining right to use spectrum for telecommunication services under Section 33ABA. |
3AD |
7 |
Section 35D |
Audit report certifying deduction for amortization of certain preliminary expenditure under Section 35D. |
3AE |
8 |
Section 35E |
Audit report certifying the deduction for expenditure on prospecting for certain mineral under Section 35E. |
3AE |
9 |
Section 44A8 |
Audit report where a person is carrying on business or profession |
3CA/3CB/
3CD |
10 |
Section 44DA |
Audit report to certify the income computed by way of royalties provisions of Section 44DA |
3CE |
11 |
Section 50B |
Audit report to certify the capital gains computed on slump sale as per provisions of Section SOB |
3CEA |
12 |
Section 80-IA |
Audit report certifying the deduction in respect of profit & gains from industrial undertakings or enterprises engaged in infrastructure development under Section 80-IA. |
10CCB |
13 |
Section 80-lB |
Audit report certifying the deduction in respect of profit & gains from industrial undertakings other than infrastructure development undertakings under Section 80-lB. |
10CCBA |
14 |
Section 80JJAA |
Audit report certifying the deduction in respect of employment of new employees under Section 80JJAA. |
10DA |
15 |
Section 92F |
Change in definition of ‘Specific Date’ |
- |
16 |
Section 115JB |
Audit report certifying the book profit computed for the purpose of MAT under Section 115JB |
29B |
17 |
Section 1 15JC |
Audit report certifying the adjusted total income and computation of AMT as per section 115)C |
29C |
18 |
Section 115VW |
Audit report certifying the computation of income made under tonnage taxation scheme |
66 |
