Form 3C is submitted by corporate assessee.

where 3CB is applicable for other than corporate assessee,which shoud be accompanied by the statement of particular required u/s 44AB in form no 3CD.

One of my client is having 15 months financials as per companies Act as the client needs to be in line with tax accounts in the coming years. However, I want to know whether i need to file form 3CA or 3CB for tax audit under income tax act.

Request you to please guide me.

thanks ,, i read ur article , u expalin very well ,,

which type of organisations are required to file form 3cb.............

Form 3CA- When the Assesse goes through an AUDIT (eg- Co. Act,2013) by a CA recognised by law.

Form 3CB- When the Assesse does not go through any other AUDIT except as required by Income Tax Act,1961.

Form 3CD- Acts as annexure to Form 3CA & 3CB.

Form 3CE- To be filed by 'Non-Residents' or 'Foreign Company' doing business in Indian territory.

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That is what iam looking for....

Clearly Understood Thanks

That is what iam looking for....

Clearly Understood Thanks Mr Viren

Originally posted by : Sunil Kumar
	is there any need to be limit of turnover in businesses?

Tax Audit is mandatory for a assessee in the following cases:

1.  If the turnover from business exceeds Rs 1 CR
2. If the gross receipts from a profession exceed Rs 50 LAKHS
3. If the assessee is claiming profit below the prescribed % (i.e. 8% / 50%) specified in presumption of income provisions 

If an assessee who is liable to get tax audit done fails to comply with this requirement, lower of the following penalty shall be imposed on him:

• 0.5% of Turnover/gross receipts
• Rs 1.5 Lakhs

However, if he is able to prove that the non-compliance was due to a sufficient cause, the penalty may be waived off.

Thanks for the information.

The forms 3CA and 3 CB are both Audit forms with the same rules and regulations but it covers different typography of organization while covering the law. 

- 3 CA would cover a business or professional who needs to get the auditing done, either is required by or any other law should get the auditing done, for income tax. 

- 3 CB would cover the case other than the case in 3 CA