File No.
\nICAI\/ClTAX\/2014-15\/Rep\/02<\/p>\n
THE ]INSTITUTE OF
\nCHARTERED ACCOUNTANTS OF INDIA<\/p>\n
(Set up by an Act of
\nParliament)<\/p>\n
‘ICAI Bhawan’,
\nIndraprastha Marg,<\/p>\n
New Delhi – 110 002.
\nINDIA<\/p>\n
Dated: 13\/11\/2014<\/p>\n
Sh. Ashish Abrol<\/p>\n
Directorate of Income Tax (Systems),<\/p>\n
Aayakar Bhawan, Vaishali, Sector-3,<\/p>\n
Ghaziabad, 201010,<\/p>\n
Uttar Pradesh<\/p>\n
<\/p>\n
Subject: Representation Form No.
\n3CEB for reporting of International Transactions and Specified Domestic
\nTransactions to be submitted online on the website of Income-Tax Department<\/p>\n
<\/p>\n
Respected Sir,<\/p>\n
As you are aware that Form No.
\n3CEB for reporting of International Transactions and Specified Domestic
\nTransactions is required to be submitted online mandatorily. In this regard,
\nthe Central Board of Direct Taxes (‘CBDT’) has notified the utility for
\npreparation of the Form No. 3CEB.<\/p>\n
There could be various
\nsituations, wherein the certifying Chartered Accountants needs to provide basis
\nof preparation\/ qualifications\/ Disclaimer\/ clarification while singing the
\nForm 3CEB. As the Form 3CEB is in the nature of certificate, flexibility should
\nbe provided to the auditor to express his opinion.<\/p>\n
It is also requested that the
\nutility notified by the CBDT incorporates the flexibility to allow auditors to
\nprovide notes to make additional disclosures.<\/p>\n
As in case of e-filing of the tax audit
\nreport, space is provided for making observation\/qualification in support of
\nthe tax audit report in Form 3CA and 3CB. This provides flexibility to the
\nauditors for disclosures of any position adopted. A similar facility should
\nalso be provided in respect of e-filing of from 3CEB.<\/p>\n
We believe that an urgent action
\nis needed in this regard on the above lines and the necessary modifications be
\nmade in the Utility.<\/p>\n
Regards<\/p>\n
Yours sincerely<\/p>\n
<\/p>\n
CA. K. Raghu<\/p>\n
President, ICAI<\/p>\n","protected":false},"excerpt":{"rendered":"