3CD for Proprietors
This query is : Resolved
Ravishanker
(Querist)
09 November 2019
Sir,
Single proprietor having 3 business with turn over more than 2 crores. Accounts audited by three Auditors and there are three Form 3CD's. Is this legal? While filing 3CD, Income Tax website accepts only one 3CD. How will the rest two 3CD's be filed? If it's not filed, can the Income Tax officer levy penalty? Kindly clarify.
Single proprietor having 3 business with turn over more than 2 crores. Accounts audited by three Auditors and there are three Form 3CD's. Is this legal? While filing 3CD, Income Tax website accepts only one 3CD. How will the rest two 3CD's be filed? If it's not filed, can the Income Tax officer levy penalty? Kindly clarify.
CA R SEETHARAMAN
(Expert)
10 November 2019
Combine 3CDs and file one 3CD for all the business.
Ravishanker
(Querist)
11 November 2019
Thank You Sir for the reply. However, 3 different auditors have audited the accounts. When it's combined, which CA should sign the final 3CD and can the Assessing Officer object if only one 3CD is official uploaded and all other 3CD's are uploaded in attachments of the Income Tax Website.
CA R SEETHARAMAN
(Expert)
11 November 2019
Ask one CA to consolidate 3CD and sign only one 3CD accepted. No attachment of another CD allowed.
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