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3ca or 3cb ?

Others 1019 views 3 replies

Hi,

For an individual assessee tax audit under 44AB is applicable and also audit under the VAT law is applicable.

in such case whether 3CA is applicable or 3CB..?

As per Rule 6G 1(a)

" in the case of a person who carries on business or profession and who is required by or under any other law to get his accounts audited, be in Form No. 3CA;"

but if we see form 3CA  it says:

* I/We report that the statutory audit of _____________________________ [mention name and address of the assessee 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 each of - 

(a)  the audited  *  profit and loss account/income and expenditure account for the year ended on 31st March, 

___________________;  
(b)  the audited balance sheet as at 31st March, ___________________; 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. 

in such situation whether it is appropriate to report in 3CA..??

 

Replies (3)
3cb is applicable for individuals for audit under incometax act. Other than individuals for 3ca is required.

any other views...

 

Form No. 3CA is an Audit report under section 44 AB of the Income-tax Act, 1961 in a case where the account of the business of an assessee have been audited under any law by an accountants

 

Form No. 3CB is for people who have not been under audit by any accountant.

 

As per the above provisions if individual required to get his accounts to be audited under any law they Indiviuals should also file Audit Report in form 3CA.

 

Others have to file in 3CB

 

 


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