3CD report

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teena (Querist)
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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???

Jitender

Jitender (Expert)
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04 October 2009 it is required for manufacturing/ trading concerns only- refer Guidance note on Tax Audit.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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).

CA Madhu Soodan Tapuriah

CA Madhu Soodan Tapuriah (Expert)
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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