Video instructions and help with filling out and completing Who Form 8815 Audit

Instructions and Help about Who Form 8815 Audit

Hello and welcome as always it's my pleasure talking to you in this session I shall demonstrate as to how we can easily fill the tax audit report friends generally we conduct the audit we prepare a draft audit report within which we include all the points that are to be recorded in the tax audit reports previously then we used to file manually tax audit report what we used to do is we used to prepare the audit report in a voice file so for the current year for preparing the audit report what we used to do is we used to copy the previous year's audit report Word file and we used to make the necessary changes here and there and then we used to take a printout of that Word file and submit it along with it and of income we already know that for the last two to three assessment years the tax auditor report has to be Aoife mission now in the times of e furnishing of tax audit reports is there any way to do as we were doing doing previously that is copy the previous year's audit report and make necessary changes for the current year and II finally currently a site report can we do that or not let's check it out actually after concluding the audit preparing the list of points that have to be recorded in the audit report what we will do is we will open the tax audit report software provided by the income tax department so that we can download it indeed from the income tax website so this is the software provided by the income tax department for the purpose of filling the tax audit report so after opening this what we will do is we'll go into form 3 CD and we start filling all these information French you already know that this information is the same as compared to the previous year except some items here and there and some figures so filling again filling a blank form is a tedious and it time this job in my opinion so all these things again we got to film especially it will be very painful when we near when we are when the due date is approaching us so whether we can make modifications in the previous year's audit report and prepare the current audit report can we do that or not we will check it out so what we will do is let us say there is a NS Fe whose tax audit report was furnished in the preceding assessment year what I will try to do is I will cycle download that particular person sir tax audit report file from the income tax website itself which was efile in the preceding year so what I will do is I will select that particular SSE and log into the e-file English right in the a filing website after giving the credentials I am logged into this particular sse sir be filing account here the last year audit report was furnished we can download this XML file which was uploaded last year so what I am doing is the preceding year tax audit report XML file is being downloaded now after you download that particular XML file relating to the preceding assessment year what you can do is you open the tax audit report filing software tax audit preparation software given by the income tax department now instead of flow filling a blank new form for this assessment here model can do is you click open and you select this file which was a downloaded from the CPC account of the particular SOC that is the XML file of efile tax audit report of the preceding year you select that what will happen is the preceding year audit report will be downloaded into the current software so what you can do it this is 15 estimate year 1516 audit report that is for the financial year 1415 so what you have to do is just here you can change that date so change it to 15 20 to 16 you need not even use this particular collected calendar you can directly we already know that the generally the addresses etc will be the same as compared as compared to the previous year so you need not modify all those details if there is a change you can change at those places where there is a change now you can observe here here this is populated now what you can do you can use it corrected it let us say today is 19 6 2016 finish so the first page of the audit report is finished if there are any things that are required to be recorded here you can because go to the second page what are all there so vast number will not change it will remain the same automatically from coding system the dates are changed to 15 16 as materials change to 16 17 and you check this particular point whether the Turner is exceeding one core or not then go to the next page if there are any changes here because generally there will not be any changes in these particular points like 10 points what is the nature of business generally there may not be any change as compared to the last year if there is a change you can make new modifications where the books of accounts are maintained what are the books that is that are maintained by the particular associate generally there will not be any change what is the market what is the method of accounting is it mercantile or not and what is the value of closing stock if there is any change you can make change if they are same as compared to the preceding year keep it like that it is automatically populated this year you do not have the pain to