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

Ratan Sharma

Ratan Sharma (Expert)
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05 October 2009 Required for trading & manufacturing concerns.

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