Tax audit-form 3cd

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Querist : Anonymous

Querist : Anonymous (Querist)

09 August 2013 In form 3CD it not possible to give quantitative detail of principale product as my client, one in retail trading of electricle item and another in medicle drugs. Now what to do? What is the reporting requirement from my side? please reply fast,it's urgent...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 August 2013 Please give the details of principal items (costlier items) only.

Courtesy:- ICAI Publication.

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2013 yes sir i know about principle item mention as per icai guideline but actually problem is that both parties insist for audit u/s 44AD showing lower income, stock register not maintained.Even based on estimation there is number of item in trading particularly case of medical store. Is there any other better solution for these?
please reply,now what will i do?

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