1. Changes in Tax Audit Report CA. Rohit Maheshwari A brief compilation of changes ICAI JAIPUR BRANCH 8 th August, 2014

2. FORM NO. 3CA [See rule 6G(1)(a)] Audit report under section 44AB of the Income - tax Act, 1961, in a case where the accounts of the business or profession of a person have been audited under any other law *I / we report that the statutory audit of M/s. _________________ ( Name and address of the asseessee with Permanent Account Number) was conducted by *me / us / M/s. ____________________________________________________in pursuance of the provisions of the___________________________Act, and*I/we annex hereto a copy of *my / our / their audit report dated _______________________along with a copy of each of :- (a) the audited *profit and loss account / income and expenditure account for the period beginning from ----------------------to ending on -----------------------------. (b) the audited balance sheet as at, _____; and (c) documents declared by the said Act to be part of, or annexed to, the *profit and loss account / income and expenditure account and balance sheet. 2. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 3CD. 3. In *my / our opinion and to the best of *my / our information and according to examination of books of account including other relevant documents and explanations given to *me / us, the particulars given in the said Form No.3 CD are true and correct subject to the following observations/qualifications, if any: a. b. c. ……………................................................... **(Signature and stamp/Seal of the signatory) Place : ______________ Name of the signatory ……………………… Date : ______________ Full address ………………………………….

3. FORM NO. 3CB [See rule 6G(1)(b)] Audit report under section 44AB of the Income - tax Act 1961, in the case of a person referred to in clause (b) of sub - rule (1) of rule 6G 1.*I / we have examined the balance sheet as on, ____, and the *profit and loss account / income and expenditure account for the period beginning from ----------------------to ending on -----------------., attached herewith, of ____________________( Name ), _______________(Address), ____________(Permanent Account Number). 2. *I / we certify that the balance sheet and the *profit and loss / income and expenditure account are in agreement with the books of account maintained at the head office at _____________ and ** ___________ branches. 3.(a) *I / we report the following observations / comments / discrepancies / inconsistencies; if any: (b) Subject to above, - (A) *I / we have obtained all the information and explanations which, to the best of *my / our knowledge and belief, were necessary for the purpose of the audit. (B) In *my / our opinion, proper books of account have been kept by the head office and branches of the assessee so far as appears from*my / our examination of the books. (C) In *my / our opinion and to the best of *my / our information and according to the explanations given to *me / us, the said accounts, read with notes thereon, if any, give a true and fair view :- (i) in the case of the balance sheet, of the state of the affairs of the assessee as at 31st March, ;and (ii) in the case of the *profit and loss account / income and expenditure account of the *profit / loss or *surplus / deficit of the assessee for the year ended on that date. 4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No.3CD. 5. In *my/our opinion and to the best of *my / our information and according to explanations given to *me / us, the particulars given in the said Form No.3 CD are true and correct subject to following observations/qualifications, if any: a. b. c.……………................................................... ***(Signature and stamp/seal of the signatory) Place : ______________ Name of the signatory ……………………… Date : ______________ Full address ………………………………….

4. New Clause No.Old Clause No.Particulars of ClauseType of ChangeDescription of Change 11NameNo Changes 22AddressNo Changes 33PANNo Changes 4Indirect Tax Registeration No.New Clause Inserted 54StatusNo Changes 65Previous Year endedNo Changes 76Assessment YearNo Changes 8 Relevant Clause of Sec- 44AB New Clause Inserted 97 Name of Partner & Profit sharing Ratio (If Applicable) and Particulars of Changes No Changes 108Nature of Bussiness or Profession and Particulars of ChangesNo Changes 119 Details of Books of account along with Address where Books of accounts are kept Modification in Sub-Clause 1210 Profits on presumptive basis - Chapter XII G, I Schedule newly added Modification New sections inserted 1311 Effect of change in method of accounting on profit and loss account with the help of tablular format Modification in Sub-Clause Reporting format prescribed 1412 Effect of change in method of valuation of closing stock on profit and loss account with the help of tablular format Modification in Sub-Clause Reporting format prescribed 1512ACapital asset converted into stock-in-tradeNo Changes 1613Amounts not credited to Profit and Loss accountNo Changes 17 Transfer of Land and building and value adopted or assessed or assessable referred to in section 43CA or 50C New Clause Inserted

5. New Clause No. Old Clause No. Particulars of ClauseType of ChangeDescription of Change 1814Particulars of DepreciationNo Changes 1915 Sections of Weighted Deduction with amount debited in P&L A/c and Amount Admissible as per IT Act, 1961 Modification New sections inserted 2016 Reporting of Deposition of sum received from employees with every due date for payment and actual payment made with date of actual payment Modification in Sub-Clause Reporting format prescribed 2117 Personal and advertisement expenditure charged to P&L account. Detailed bifurcation of Section-40(a),40A(3), 40A(3A) etc Modification Advertisement expenditure newly added 2217AInterest inadmissible under micro, SME Development Act,2006No Changes 2318Payment under section: 40A(2)(b)No Changes 2419Deemed profit under Sec- 32AC, 33AB, 33ABA or 33ACNo Changes 2520Profit chargeable to tax u/s 41 and computation thereofNo Changes 2621sum reffered in section 43BNo Changes 2722 Modvat substituted by cenvat but No impactModification Wording changed 28Transfer of share u/s 56(2)(viia)New Clause Inserted 29Transfer of share u/s 56(2)(viib)New Clause Inserted 3023Amount borrowed on Hundi (Section- 69D)No Changes 3124 Certification has been substituted by "based on the examination of books of account and other relevant documents" Modification in Sub-Clause Wording changed 32 25 Sepculation loss reffered to in section 73, section- 73 (by the company), specified business loss in sec- 73A, New Sub-Clauses Inserted 3326 Reporting of Deductions under section-10A,10AA, Chapter VIA Modification Reporting format prescribed 3326 Reporting of Deductions under section-10A,10AA (chapter III) Modification New sections inserted 3326 Includes not only admissible deductions but also deduction who fulfils the conditions Modification Wording changed

6. New Clause No. Old Clause No. Particulars of ClauseType of ChangeDescription of Change 32 25 Sepculation loss reffered to in section 73, section- 73 (by the company), specified business loss in sec- 73A, New Sub-Clauses Inserted 3326 Reporting of Deductions under section-10A,10AA, Chapter VIAModification Reporting format prescribed 3326 Reporting of Deductions under section-10A,10AA (chapter III)Modification New sections inserted 3326 Includes not only admissible deductions but also deduction who fulfils the conditions Modification Wording changed 3427 Reconciliation of TDS deducted, paid, not deducted, short deducted etc with the help of tabular format Modification Reporting format prescribed 3427 Modification Wording changed 34 27 TCS deduction and payment also includedNew Sub-Clauses Inserted 34 27 Interest under section 201(1A) and section 206C(7)New Sub-Clauses Inserted 3528Quantitative details of principal Items of Goods TradedNo Changes 36 29 amount of reduction bifurcated under section 115- O (1A)(i) and 115-O-(1A)(ii) [New pension trust system] New Sub-Clauses Inserted 3730 Cost audit report- Disqualification and DisagreementModification Wording changed 3831 Excise audit report- Disqualification and DisagreementModification Wording changed 39 Service tax audit report- Disqualification and Disagreement New Clause Inserted 40 Comparative last year presentation of ratios with the help of Tabular Format Modification Reporting format prescribed 41 Details of demand raised or refund issued along with relevant proceedings [other than Income tax and Wealth Tax] New Clause Inserted