Changes made in Tax Audit Report Assessment Year 2014-15 Sr. New Report – Changes are Particulars Old Report No. reflected by Bold Letters 3. In * my/our opinion 3. In * my/our opinion and to and to the best of * the best of * my/our my/our information and information and according to according to explanations explanations given to * me/us, given to * me/us, the the particulars given in the FORM NO. particulars 1. said Form No. 3CD and the 3CA Annexure thereto are true and correct subject to the given in the said Form following No. 3CD and the observations/qualifications, Annexure thereto are true if any: and correct. 5. In * my/our opinion and to 5. In * my/our opinion the best of * my/our and to the best of * information and according to my/our information and explanations given to * me/us, according to explanations the particulars given in the FORM NO. 2. given to * me/us, the said Form No. 3CD and the 3CB particulars given in the Annexure thereto are true and said Form No. 3CD and correct subject to the the Annexure thereto are following true and correct. observations/qualifications, if any: 4. Whether the assessee is liable to pay indirect tax like FORM NO. excise duty, service tax, sales 3. 3CD – - tax, customs duty,etc. if yes, PART A please furnish the registration number or any other identification number allotted for the same. FORM NO. 4. 3CD – - 8. Indicate the relevant clause PART A of section 44AB under which the audit has been conducted. 11. (a) Whether books of 9. (a) Whether books of account are prescribed under account are prescribed section 44AA, if yes, list of under section 44AA, if books so prescribed. yes, list of books so prescribed. FORM NO. (b) List of books of account 5. 3CD – maintained and the address (b) Books of account PART B at which the books of maintained. accounts are kept. (In case books of account are maintained in a computer system, (In case books of account are mention the books of maintained in a computer account generated by system, mention the books of such computer system.) account generated by such computer system. If the books of accounts are not kept at one location, please furnish (c) List of books of the addresses of locations account examined. along with the details of books of accounts maintained at each location.) (c) List of books of account and nature of relevant documents examined. 10. Whether the profit and loss account 12. Whether the profit and includes any profits and loss account includes any gains assessable on profits and gains assessable on FORM NO. presumptive basis, if yes, presumptive basis, if yes, 6. 3CD – indicate the amount and indicate the amount and the PART B the relevant sections relevant sections (44AD, 44AE, (44AD, 44AE, 44AF, 44B, 44AF, 44B, 44BB, 44BBA, 44BB, 44BBA, 44BBB or 44BBB, Chapter XII-G, First any other relevant Schedule or any other relevant section). section). FORM NO. 17. Where any land or building 7. 3CD – - or both is transferred during PART B the previous year for a consideration less than value adopted or assessed or assessable by any authority of a State Government referred to in section 43CA or 50C, please furnish: A. Details of property B. Consideration received or accrued. C. Value adopted or assessed or assessable. 15. Amounts admissible 15. Amounts admissible under under sections - sections – (a) 33AB 32AC (b) 33ABA 33AB (c) 33AC (wherever 33ABA applicable) 33AC Omitted FORM NO. (d) 35 8. 3CD – 35(1)(i) (e) 35ABB PART B 35(1)(ii) (f) 35AC 35(1)(iia) (g) 35CCA 35(1)(iii) (h) 35CCB 35(1)(iv) (i) 35D 35(2AA) (j) 35DD 35(2AB) (k) 35DDA (l) 35E:- 35ABB (a) debited to the profit 35AC and loss account 35AD (showing the amount debited and deduction 35CCA allowable under each 35CCB section separately); 35CCC 35CCD (b) not debited to the profit and loss account. 35D 35DD 35DDA 35E 16(b) Any sum received from employees towards contributions to any provident fund or superannuation fund or FORM NO. 20(b) Detail of contributions any other fund 9. 3CD – received from employees for mentioned in section PART B various funds as referred to in 2(24)(x); and due date for payment and the actual section 36(1)(va). date of payment to the concerned authorities under section 36(1)(va). 10. FORM NO. 3CD – (f) amounts inadmissible 21 (b) Amounts inadmissible PART B under section 40(a); under section 40(a):- i. As payment to non-resident referred to in sub-clause (i) A. Detail 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. Detail 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 Amount of tax deducted As payment to non-resident referred to in sub-clause (ia) C. Detail 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 D. Detail 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 section 139. I. Date of payment II. Amount of payment III. Nature of payment IV. Name and address of the payee Amount of tax deducted Amount out of (V) deposited, if any i. Under sub-clause (ic) [Wherever applicable] ii. Under sub-clause(iia) iii. Under sub-clause(iib) iv. Under sub-clause(iii) I. Date of payment II. Nature of payment III. Name and address of the payee i. Under sub-clause(iv) ii. Under sub-clause(v) 11. FORM NO. 17(h) (A) whether a 3CD – certificate has been PART B obtained from the 21(d) Disallowance/deemed assessee regarding income under section 40A(3) payments relating to any expenditure covered under section 40A(3) that (A) On the basis of the the payments were made examination of books of by account payee account and other relevant cheques drawn on a documents/evidence, whether bank or account payee the expenditure covered under bank draft, as the case section 40A(3) read with rule may be; Yes No 6DD were made by account payee cheque drawn on a bank or account payee bank draft. If (B) amount inadmissible not, please furnish the details: under section 40A(3), read with rule 6DD [with break-up of inadmissible (B) On the basis of the amounts; examination of books of account and other relevant documents/evidence, whether the payment referred to in section 40A(3A) read with rule 6DD were made by account payee cheque drawn on a bank or account payee bank draft. If not, please furnish the details of amount deemed to be the profits and gains of business or profession under section 40A(3A); 12. FORM NO. 24. Amounts deemed to be 3CD – 19. Amounts deemed to profits and gains under section PART B be profits and gains 32AC 33AB or 33ABA or under section 33AB or 33AC. 33ABA or 33AC 28. Whether during the previous year the assessee has received any property, being share of a company not being FORM NO. a company in which the public 13. 3CD – - are substantially interested, PART B without consideration or for inadequate consideration as referred to in section 56(2)(viia), if yes, please furnish the details of the same. 29. Whether during the previous year the assessee received any consideration for FORM NO. issue of shares which exceeds 14. 3CD – - the fair market value of the PART B shares as referred to in section 56(2)(viib), if yes, please furnish the details of the same. 15. FORM NO. 31(c) Whether the taking or 3CD – 24(c) Whether a accepting loan or deposit, or PART B certificate has been repayment of the same were obtained from the made account payee cheque assessee regarding taking drawn on a bank or account or accepting loan or payee bank draft based on the deposit, or repayment of examination of books of the same through an account and other relevant account payee cheque or documents an account payee bank draft. The particulars (i) to (iv) at (b) and comment at (c) above Yes No need not be given in the case of a repayment of any loan or deposit taken or accepted from The particulars (i) to (iv) Government, Government at (b) and the Certificate company, banking company or at (c) above need not be a corporation established by a given in the case of a Central, State or Provincial repayment of any loan or Act; deposit taken or accepted from Government, Government company, banking company or a corporation established by a Central, State or Provincial Act; FORM NO. 16. 3CD – - 32(c) Whether the assessee has PART B incurred any speculation loss referred to in section 73 during the previous year, If yes, please furnish the details of the same. 32(d) whether the assessee has incurred any loss referred to in FORM NO. section 73A in respect of any 17. 3CD – - specified business during the PART B previous year, if yes, please furnish details of the same. 32(e) In case of a company, please state that whether the company is deemed to be carrying on a speculation FORM NO. business as referred in 18. 3CD – - explanation to section 73, if PART B yes, please furnish the details of speculation loss if any incurred during the previous year. FORM NO. 33. Section-wise details of 19. 3CD – 26. Section-wise details deductions, if any, admissible PART B of deductions, if any, under Chapter VIA or Chapter admissible under III (Section 10A, Section Chapter VIA. 10AA). 27. (a) Whether the assessee has complied with the provisions of Chapter XVII-B regarding 34(a). Whether the assessee is deduction of tax at required to deduct or collect source and regarding the tax as per the provisions of payment thereof to the Chapter XVII-B or Chapter credit of the Central XVII-BB, if yes please furnish Government. details. Yes No (b) If the provisions of (b) Whether the assessee has FORM NO. Chapter XVII-B have not furnished the statement of tax 20. 3CD – been complied with, deducted or tax collected PART B please give the following within the prescribed time. If details*, namely:- not, please furnish the details. Amount (c) Whether the assessee is (i) Tax deductible and not liable to pay interest under deducted at all section 201(1A) or section 206C(7). If yes, please furnish details. (ii) shortfall on account of lesser deduction than required to be deducted (iii) tax deducted late [ITR62;3CD,1]<1> Printed From (iv) tax deducted but not paid to the credit of the Central Government *Please give the details of cases covered in (i) to (iv) above. 36. In the case of a domestic 29. In the case of a company, details of tax on domestic company, distributed profits under details of tax on section 115-O in the following distributed profits under form :— section 115-O in the following form :— FORM NO. 21. 3CD – a. total amount of distributed PART B profits; (a) total amount of distributed profits; b. amount of reduction as referred to in section 115- (b) total tax paid thereon; O(1A)(i) (c) dates of payment with c. amount of reduction as amounts. referred to in section 115- O(1A)(ii) d. total tax paid thereon; date of payment with amounts. 37. Whether any cost audit was carried out, if yes, give the 30. Whether any cost details, if any, of FORM NO. audit was carried out, if disqualification or 22. 3CD – yes, enclose a copy of disagreement on any PART B matter/item/quantity as may the report of such audit be reported/identified by the [See section 139(9)]. auditor. 38. Whether any audit was conducted under the Central 31. Whether any audit Excise Act, 1944, if yes, give FORM NO. was conducted under the the details, if any, of 23. 3CD – Central Excise Act, disqualification or PART B disagreement on any 1944, if yes, enclose a matter/item/quantity as may copy of the report of such be reported/identified by the audit. auditor. FORM NO. 39. Whether any audit was 24. 3CD – - conducted under section 72A PART B of the Finance Act, 1994 in relation to valuation of taxable services, if yes, give the details, if any, of disqualification or disagreement on any matter/item/quantity as may be reported/identified by the auditor. 41. Please furnish the details of demand raised or refund issued during the previous FORM NO. year under any tax laws other 25. 3CD – - than Income Tax Act, 1961 PART B and Wealth Tax Act, 1957 alongwith details of relevant proceedings.