Form 3cd

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2014 During assessement A.O.take into consideration form 3CD with Return of Income? OR
What is the relevence of FORM 3CD with assessement of Return of Income?

Rupesh Jain

Rupesh Jain (Expert)
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21 May 2014 if your turnover is exceeds rs. 1.00 crores or you are company then you have to take audit report u/s 44AB. or your income below the presumptive rate.
in above case you have to take audit report in 3CD.
w/o this you have to face penalty u/s 271F

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 May 2014 wef FY 2013-14, the tax audit report has to be compulsorily filed online on or before the due date. non-filing can result in penalty under 271F.

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