3cd appliacbilty

Form 3CB and 3CD are reporting formats which should be used by an auditor who is auditing the books of accounts of taxpayers to whom tax audits are applicable. The provisions of the Income Tax Act which govern a tax audit mandate that a Chartered Accountant should furnish an audit report in the specified form.

Form 3CD is a format of the Audit Report required to be filed by tax auditors of a certain section of Assessees in India. ... The Form is a part of the process of filing Income Tax Returns in India and is an Annexure to the Audit Report.

The Form is an Annexure to the Audit Report and is part of the process of submitting Income Tax Returns in India 

If a business receives a single payment of Rs.1,50,000 from a single debtor. Is this accurate?