Accept / Reject Tax Audit Report on Income Tax e-Filing Portal

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Akash Jhaveri

CA
Income Tax Account
Tax Audit
Tax Audit Report

If a taxpayer is liable to audit as per Section 44AB of the Income Tax Act, he/she must appoint a Chartered Accountant in practice to conduct a tax audit. The CA would prepare and upload Tax Audit Report on income tax e-filing portal. Once the CA files the report, the taxpayer should accept or reject the Tax Audit Report. The taxpayer can then file the Income-Tax Return.

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Steps to Accept / Reject Audit Report

An assessee needs to follow the below steps to accept/reject the Audit Report.

  1. Login to Income Tax E-Filing Portal

    Log in to the Income Tax E-Filing Portal using valid username and password.

  2. Navigate to ‘For your Action’

    Go to Worklist > For your Action to directly navigate to the pending action of approving or rejecting the Audit Report.Approve / Reject Tax Audit Report - Navigate on Income Tax E-filing Portal

  3. View Uploaded Form Details

    Click on ‘Click Here (View uploaded Form Details)’ to view the details of the report uploaded.Approve / Reject Tax Audit Report - View Uploaded Tax Audit Report

  4. Select Assessment Year and Form Name

    Select the Assessment Year and select the Form Name from the drop-down list.Approve / Reject Tax Audit Report - Select Assessment Year and Form Name

  5. Click on View Form

    To download the audit report and attachments like Balance Sheet and Profit & Loss Statement, click on View FormApprove or Reject Tax Audit Report -View Form

  6. Select Accept or Reject

    Here, you have the option to either accept or reject the report. Approve or Reject Tax Audit Report - Accept / Reject

  7. Generate Signature File in order to Accept/ Reject

    First Register your DSC and then navigate to ‘Submit ITR/Form Online’ in the utility and
    a. Select the option USB Token
    b. Select USB Token Certificate from the drop-down
    c. Click on ‘Generate Signature File’
    d. Enter the USB Token PIN. Click on ‘Ok’DSC Management Utility - Sign using USB Token

  8. Signature file generated

    After the signature file is generated, save it in the appropriate folder.

  9. Select Accept – Attach Signature File

    Attach DSC (Digital Signature Certificate) file of the assessee to submit the form. Click on Submit.Approve / Reject Tax Audit Report - Attach Digital Signature File

  10. Select Reject – Enter Comments

    If the assessee selects ‘Reject’, mention the reasons under the ‘Rejection Comments’ column. Click on Submit.Approve / Reject Tax Audit Report - Rejection Comments

Once the assessee approves the audit report, the filing process is complete and it would be taken up for processing by the tax officer. In the case of a rejection, the CA has to upload the audit form again after making the necessary changes.

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FAQs

When is Tax Audit required?

Tax Audit is required when the turnover of a taxpayer exceeds Rs. 1 cr in a particular Financial year. Filing Tax Audit is compulsory in order to file ITR. Tax Audit can only be filed by a CA.

What happens if I don’t submit my Audit report?

Taxpayers are required to submit a Audit report filed by their CA u/s 44AB. However, if the taxpayer fails to get his accounts audited, then he/she will be liable for penalty under section 271B. The penalty shall be levied 1.5% of the total sales of INR 1,50,000 whichever is less.

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