TMI BlogIncome-tax (7th Amendment) Rules, 2014 - New Form No. 3CA, Form No. 3CB and Form No. 3CDX X X X Extracts X X X X X X X X Extracts X X X X ..... / we report that the statutory audit of M/s. _________________ ( Name and address of the asseessee with Permanent Account Number) was conducted by *me / us / M/s. ____________________________________________________in pursuance of the provisions of the___________________________Act, and*I/we annex hereto a copy of *my / our / their audit report dated _______________________along with a copy of each of :- (a) the audited *profit and loss account / income and expenditure account for the period beginning from ----------------------to ending on -----------------------------. (b) the audited balance sheet as at, _____; and (c) documents declared by the said Act to be part of, or annexed to, the *profit and loss account / income and expenditure account and balance sheet. 2. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 3CD. 3. In *my / our opinion and to the best of *my / our information and according to examination of books of account including other relevant documents and explanations given to *me / us, the particulars given in the said Form No.3 CD are true and correct subject to the following observations/qua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and expenditure account of the *profit / loss or *surplus / deficit of the assessee for the year ended on that date. 4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No.3CD. 5. In *my/our opinion and to the best of *my / our information and according to explanations given to *me / us, the particulars given in the said Form No.3 CD are true and correct subject to following observations/qualifications, if any: a. b. c. ................................................... ***(Signature and stamp/seal of the signatory) Place : ______________ Name of the signatory Date : ______________ Full address . Notes : 1. *Delete whichever is not applicable. 2. **Mention the total number of branches. 3. ***This report has to be signed by person eligible to sign the report as per the provisions of section 44AB of the Income Tax Act, 1961 . 4. The person, who signs this audit report, shall indicate reference of his membership number / certificate of practice number / authority under which he is entitled to sign this report. FORM NO. 3CD [See ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... number Particulars Increase in profit (Rs.) Decrease in profit (Rs.) (d) Details of deviation, if any, in the method of accounting employed in the previous year from accounting standards prescribed under section 145 and the effect thereof on the profit or loss. 14. (a) Method of valuation of closing stock employed in the previous year. (b) In case of deviation from the method of valuation prescribed under section 145A , and the effect thereof on the profit or loss, please furnish: Serial number Particulars Increase in profit (Rs.) Decrease in profit (Rs.) 15. Give the following particulars of the capital asset converted into stock-in trade: - (a) Description of capital asset; (b) Date of acquisition; (c) Cost of acquisition; (d) Amount at which the asset is converted into stock-in-trade. 16. Amounts not credited to the profit and loss account, being, - ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 35(1)(ii) 35(1)(iia) 35(1)(iii) 35(1)(iv) 35(2AA) 35(2AB) 35ABB 35AC 35AD 35CCA 35CCB 35CCC 35CCD 35D 35DD 35DDA 35E 20. (a) Any sum paid to an employee as bonus or commis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) Amounts inadmissible under section 40(a) :- (i) as payment to non-resident referred to in sub-clause (i) (A) Details of payment on which tax is not deducted: (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (B) Details of payment on which tax has been deducted but has not been paid during the previous year or in the subsequent year before the expiry of time prescribed under section 200(1) (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (V) amount of tax deducted (ii) as payment referred to in sub-clause (ia) (A) Details of payment on which tax is not deducted: (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (B) Details of payment on which tax has been deducted but has not been paid on or before the due date specified in sub- section (1) of sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opment Act, 2006. 23. Particulars of payments made to persons specified under section 40A(2)(b) . 24. Amounts deemed to be profits and gains under section 32AC or 33AB or 33ABA or 33AC . 25. Any amount of profit chargeable to tax under section 41 and computation thereof. 26. In respect of any sum referred to in clause (a),(b), (c), (d), (e) or (f) of section 43B , the liability for which:- (A) pre-existed on the first day of the previous year but was not allowed in the assessment of any preceding previous year and was (a) paid during the previous year; (b) not paid during the previous year; (B) was incurred in the previous year and was (a) paid on or before the due date for furnishing the return of income of the previous year under section 139(1) ; (b) not paid on or before the aforesaid date. (State whether sales tax, customs duty, excise duty or any other indirect tax, levy, cess, impost, etc., is passed through the profit and loss account.) 27. (a) Amount of Central Value Added Tax credits availed of or utilised during the previous year and its treatment in the profit and loss account and treatment of outstanding Central Value Added ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iv) at (b) and comment at (c) above need not be given in the case of a repayment of any loan or deposit taken or accepted from Government, Government company, banking company or a corporation established by a Central, State or Provincial Act) 32.(a) Details of brought forward loss or depreciation allowance, in the following manner, to the extent available : Serial Number Assessment Year Nature of loss / allowance (in rupees) Amount as returned (in rupees) Amounts as assessed (give reference to relevant order) Remarks (b) Whether a change in shareholding of the company has taken place in the previous year due to which the losses incurred prior to the previous year cannot be allowed to be carried forward in terms of section 79 . (c) Whether the assessee has incurred any speculation loss referred to in section 73 during the previous year, If yes, please furnish the details of the same. (d) whether the assessee has incurred any loss referred to in section 73A in respect of any specified business during the previous year, if yes, please furnish details of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ported (c) whether the assessee is liable to pay interest under section 201(1A) or section 206C(7) . If yes, please furnish: Tax deduction and collection Account Number (TAN) Amount of interest under section 201(1A) / 206C(7) is payable Amount paid out of column (2) along with date of payment. 35. (a) In the case of a trading concern, give quantitative details of principal items of goods traded : (i) Opening Stock; (ii) purchases during the previous year; (iii) sales during the previous year; (iv) closing stock; (v) shortage/excess, if any (b) In the case of a manufacturing concern, give quantitative details of the principal items of raw materials, finished products and by-products : A. Raw Materials : (i) opening stock; (ii) purchases during the previous year; (iii) consumption during the previous year; (iv) sales during the previous year; (v) closing stock; (vi) yield of finished products; (vii) percentage of yield; (viii) shortage/excess, if any. B. Finished products/by- products : (i) opening stock; (ii) purchases during the pr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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