08 September 2011
Dear sir, 1.Who is primarily responsible preparing the particulars in Form-3CD?either tax auditor or the assessee? 2.The assessee has accepted deposit from a person of Rs.10000 from whom the company is previously accepted deposit and showing a outstanding of Rs.10000 as on date of acceptance of the 2nd deposit.Now is it require to report under Clause -24 of Form-3CD? 3.If assesse takes loan from bank or deposit with bank in such case is it require to report? <br> Thanks in advance.
08 September 2011
The assessee is primarily responsible to prepare particulars in form 3CD. The particulars of the said loan has to be disclosed in clause 24(a). Particulars of bank loan need not be reported in form 3CD.
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