The Income Tax Department (ITD) has released an updated common offline utility for Form 3CA-3CD and 3CB-3CD for the Assessment Year (AY) 2023-24. This utility can be used by taxpayers and their chartered accountants to file these forms offline.
Source from: https://www.incometax.gov.in/iec/foportal/downloads/income-tax-forms
What is Form 3CA-3CD?
Form 3CA-3CD is an 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. It is also used to furnish the statement of particulars required under section 44AB of the Income-tax Act, 1961.
What is Form 3CB-3CD?
Form 3CB-3CD is a certificate to be furnished by the auditor to the assessee in respect of the audit report under section 44AB of the Income-tax Act, 1961.
Why is the offline utility important?
The offline utility is important for taxpayers who do not have access to the internet or who prefer to file their returns offline. It also allows taxpayers to prepare their returns in advance and file them at a later date.
How to download the offline utility?
To download the offline utility, taxpayers can visit the Income Tax Department website and go to the “Downloads” section. Under “Income Tax Forms”, select “Form Utility” and then “Common offline utility for Form 3CA-3CD and 3CB-3CD”.
How to use the offline utility?
Once the offline utility is downloaded, taxpayers can install it on their computer and start using it to prepare their returns. The utility provides a step-by-step guide on how to fill out the forms and also provides validation checks to ensure that the forms are filled out correctly.
Important things to keep in mind
The offline utility is only for use with Forms 3CA-3CD and 3CB-3CD for the Assessment Year 2023-24.
Taxpayers must ensure that they have the latest version of the offline utility before filing their returns.
Taxpayers must save their work regularly while using the offline utility.
Taxpayers must carefully review their returns before uploading them to the Income Tax Department website.
The Income Tax Department’s updated common offline utility for Forms 3CA-3CD and 3CB-3CD makes it easier for taxpayers to file their returns offline. Taxpayers who are required to file these forms should download the utility from the Income Tax Department website and use it to file their returns accurately and on time.