banner_ad

Accounting ratio's to be disclosed in Form 3CD under TA Repo

This query is : Open 
Profile Image

Profile Image

(Querist)
11 September 2010 In case of partnership Firm being building Contractor covered under tax audit how to diclose the N.P./Turnover ratio.whether N.P.to be taken before Partner's Remuneration & Partner's Interest or after providing the same.
Please confirm.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
11 September 2010 Building contracts is a service activity and it cannot amount to a manufacturing activity. Hence the ratio's under clause 32 of form 3CD need not be calculated in respect of such an assessee.
Profile Image

CA Sanjay Baheti

Profile Image

CA Sanjay Baheti (Querist)
11 September 2010 Thanks Mr.Warrier for reply. But I want to clarify that it is not purely service provider as the same are carrying out the said activity along with Materials used by them in execution of such activities & debited to P & Loss A/c also.

In that case whether it is not be shown still in Form 3CD.Please confirm.
Profile Image

CA Sanjay Baheti

Profile Image

CA Sanjay Baheti (Querist)
11 September 2010 Thanks Mr.Warrier for reply. But I want to clarify that it is not purely service provider as the same are carrying out the said activity along with Materials used by them in execution of such activities & debited to P & Loss A/c also.

In that case whether it is not be shown still in Form 3CD.Please confirm.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details