Income Tax Department Bihar & Jharkhand, Patna has invited application from Chartered Accountants firms for empanelment as Auditors to carry out special Tax Audit u/s 142(2A) of Income Tax Act 1961
Last date is 8th February 2020
Empanelment of CA firms for Special Tax Audit u/s 142(2A)
(i) The applicant should be a reputed partnership firm or proprietary concern or a company, having its office in the area(s) falling within the territorial jurisdiction of Principal Chief Commissioner of Income Tax, Bihar & Jharkhand, Patna and, primarily engaged in the profession of accountancy, having a staff strength of at least 10, including a minimum of 2 Chartered Accountant (other than the partners/proprietor in the case of partnership firm/proprietary concern).(Adequate evidences supporting the claim of staff strength and strength of CAs to be enclosed with the application and marked as Annexure-A)
(ii) The applicant should have auditing experience of minimum period of 10 years as on 31.03.2019.( Supporting evidences need to be added with application and to be marked as Annexure-B)
(iii) The applicant should not have been charged with any professional misconduct and no complaint u/s 21 of the Chartered Accountants Act, 1949 for any irregularity should have been filed against the applicant, with the Institute of Chartered Accountants.
(iv) The applicant should have filed returns of income regularly upto A.Y. 2019-20 and the total returned income should be at least Rs. 20 lakhs in at least 2 of the last 5 years or gross professional receipts of Rs. 1. crore or more in at least two of the last five years.(1) Evidence supporting claim in this respect needs to be enclosed with the application and to be marked as Annexure-C. (2) PANs, AO details of the applicant concern/firm and those of the partners need to be specified in the application)
(v) No prosecution should have been launched under Chapter XXII of the Income Tax Act or under any other statue, against the firm or its partners or against the proprietary concern or against the company or its director or manager or secretary or any other officer as the case may be.
(vi) There should not be any Income Tax dues outstanding, against the applicant partnership firm or its partners or proprietary concern or company on the date of making the application.
(vii) The applicant should not have indulged/found indulged in any unethical professional practices;
(viii) The applicant should not be facing any investigation/inquiry for tax evasion on the date of making the application.
(Declaration by the applicant in the form of affidavit of Rs. 100 stamp Papers in respect of fulfilment of clauses iii, v, vi and viii as above needs to be enclosed with the application and to be marked as Annexure-D).
(ix) The Panel will replace the earlier Panel drawn in 2011 with effect from the date of constitution of the fresh Panel and therefore, the CAs/CA firms empanelled in 2011 by the PCCIT, Bihar & Jharkhand, Patna may also apply subject to fulfilling the conditions of this notice.
(x) The decision of the Department as regards the empanelment of CAs will be final and binding.
(xi) The PCCIT, B&J, reserves the right to reject any application without showing any reason at any point of time.
Terms and conditions:
(i) The remuneration including expenses of and incidental to any special audit shall be decided on a case-to-case basis in accordance with Rule 14B of the I.T. Rules, 1962, and shall be paid by the Department.
(ii) The empanelment of CAs shall be made at the discretion of the Department, and the decisions made shall be final. Apart from the above criteria, the general reputation of the applicant firm or proprietary concern or company as gathered from Departmental sources, including the facts of any penalty levied under the Income Tax Act or by any other statutory authority shall be taken into account.
(iii) Application should be submitted in the format given in the notice. Any application which is not in the format, will not be entertained.
Chartered Accountant firms, proprietary concerns and companies fulfilling the above eligibility conditions may submit their applications for empanelment, along with the relevant details and specifying how the eligibility conditions are satisfied, to the office of Joint Commissioner of Income Tax, Hqrs (Admin), Patna(Member Secretary) 1rd Floor, Central Revenue Building, Birchand Patel Marg, Patna for processing the same for empanelment for Special Audit u/s 142(2A) of the I.T. Act, 1961, The applications may be submitted personally or may be sent through post so as to reach in the office of Joint Commissioner of Income Tax, Hqrs (Admin), Patna(Member Secretary) ird Floor, Central Revenue Building, Birchand Patel Marg, Patna on or before the last date as specified below.
The applicant should state PAN No. and particulars of Income Tax assessments (i.e. Ward/Circle/Place) in respect of proprietary concern/C.A. firm as well as in respect of its partners/company as well as in respect of its directors in the application.
The application must reach in the office of Joint Commissioner of Income Tax, Hqrs (Admin), Patna(Member Secretary) Floor, Central Revenue Building, Birchand Patel Marg, Patna within fifteen days from the date of publication of this Notice.
Joint. Commissioner of Income-Tax(Tech.)
For:-The Principal Chief Commissioner of Income Tax Bihar & Jarkhand, Patna.
Download Proforma/ Checklist For Application Click Here >>
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