Need 3CD and 3CB

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101 Points Posted on 08 January 2021
Whether a partnership company with less than 75 lakh business needs TAX Audit i.e. 3 CD or 3 CB
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On 08 January 2021 at 09:24 Report
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This discussion clarifies whether a partnership company with a turnover under £75 lakh requires a tax audit, specifically Form 3CD or 3CB. The consensus is that an audit is not required if the company demonstrates a minimum profit of 8% of its turnover.

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Chartered Accountant
24588 Points Posted on 08 January 2021
Not required
1 Reply
On 08 January 2021 at 10:24
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Accountant
4533 Points Posted on 09 January 2021
Not req audit if showing minimum 8% income


3CB
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On 09 January 2021 at 15:54

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