Form 3ca & form 3cb
When we will issue Form 3CA & Form 3CB ?
Replies (5)
3CA: when the auditee has undergone statutory audit as well.
3CB: in case Stat. audit NA or not done.
Both these forms are part of Audit:
Form 3CA: is issued when audit is carried out in compliance with an act other than Income Tax Act (i.e Statutory Audit in case of Companies)
Form 3CB: it is issued for cases other than those covered under Form 3CA & where the assessee is laible for tax audit under income tax act
So is it correct if i am saying that Form 3CA is issued in case of Company and Form 3CB is issued other than company ?
Yes, generally the same is valid. However, there are a few exceptions as India is governed by various laws....
Co-operative society is another example of entity to which Form 3CA applies.
So remember it like,
Form 3CA (A for Audit) when audit done under any other law
And Form 3CB for others
..as mentioned above by Rashi and Sonakshi
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