3CD

What is the requirements of clause 36 of 3CD?
Replies (4)
This clause discloses profits distributed excluding deemed dividend u/s 2(22)e. Profits distributed during the previous year, tax on that amount is required to be disclosed.

Tax auditor need not enquire as to how dividend is arrived at
This clause discloses profits distributed excluding deemed dividend u/s 2(22)e. Profits distributed during the previous year, tax on that amount is required to be disclosed.

Tax auditor need not enquire as to how dividend is arrived at
So if partnership firm has distributed profit, that needs to be shown there?
Sir, the wordings of the clause starts with "In the case of domestic company, details of tax on distributed profits...."

Therefore this clause is applicable to only domestic companies and not to partnership firms

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