Tax Audit Form 3CD point No. 13(e)

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Abhishek kumar agarwal (Querist)

07 January 2010 Hello Everyone..

Point 13 (e) - Amlunt not credited to profit & loss account being capital reciept, if any........

Does amount raised through Share Application is covered under this clause and do we need to mention the amount of share application money raised during the year in that column.

Thanking You,
Abhishek Agarwal

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)

07 January 2010 In my opinion, share application is not a capital receipt.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

26 July 2025 Hi Abhishek,

Regarding **Form 3CD, Clause 13(e)** — it asks for:

> *“Amount not credited to Profit & Loss account being capital receipt, if any.”*

**Share Application Money** received during the year is a **capital receipt**, not revenue income, and it is **not credited to the Profit & Loss account**. Instead, it is shown in the Balance Sheet under Share Capital or Share Application Money Pending Allotment (liability or equity side depending on the status).

**So yes**, the amount of share application money received during the year **should be disclosed under clause 13(e)** of Form 3CD as an amount not credited to the Profit & Loss account.

This helps the tax authorities understand receipts that do not form part of the company's income.

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