3CD report
This query is : Resolved
04 October 2009
In 3 CD report of professional accounting ratios are not required as it is required only for manufacturing concerns Is it correct???
04 October 2009
it is required for manufacturing/ trading concerns only- refer Guidance note on Tax Audit.
04 October 2009
Those ratio's have to be calculated only for assessee's who are engaged in manufacturing or trading activities.
Ref:- Page 130 of ICAI publication " Guidance note on Tax audit u/s 44AB of the IT Act,1961" (1999 edition).
Ref:- Page 130 of ICAI publication " Guidance note on Tax audit u/s 44AB of the IT Act,1961" (1999 edition).
05 October 2009
please refer to the Guidance Note issued by the ICAI which states that such ratio calculation are required only in case of manufacturing company
Ratan Sharma
(Expert)
05 October 2009
Required for trading & manufacturing concerns.
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