About the tax audit report

The audit report in Form 3CA or 3CB, and the statement of particulars in Form 3CD, prepared from your client's books and your judgement.

What it produces

The audit report — Form 3CA for a company, LLP or co-operative society, Form 3CB for everyone else — and Form 3CD's statement of particulars, in the layout the Income Tax Department prescribes. Which of the two you get follows from the client's constitution; you do not pick it.

It starts from a client

Clients→pick one→Tax Audit→New tax audit

New, then Tax Audit Report, works too, but asks which client first. A tax audit covers one assessee's books for one previous year, so the assessee is settled before you begin.

What OptiVida fills, flags and leaves

FilledFrom Tally or derived

Clauses it can compute from the books, and particulars that follow from the client record — the PAN, the address, the status.

FlaggedNeeds your judgement

Clauses where it has something to say but the call is yours.

Left to youNot derivable

Anything the books cannot answer. Several clauses are marked in the form itself as a CA determination.

The shape of the work

Nine steps of particulars, then a review step:

1. Part A — Basic Information — clauses 1 to 8A
2. Business, Books & Accounting — 9 to 14
3. Income & Adjustments — 15 to 17
4. Depreciation & Deductions — 18 and 19
5. Bonus, PF & Disallowances — 20 and 21
6. MSME, S.43B & Related Parties — 22 to 27
7. Forfeitures, Hundi & Cash Transactions — 29A to 31
8. Losses, TDS & Quantitative Details — 32 to 35
9. Audits, Ratios & Expenditure — 36 to 44
10. Review AI clauses

The three statuses

Draft

Started.

Reviewed

You have been through the clauses.

Generated

The report has been produced.

What OptiVida does not do