whats the difference between Form 3 CD and Form 3 CB
whats the difference between Form 3 CD and Form 3 CB
Lance Armstrong (article) (36 Points)
18 March 2010Lance Armstrong (article) (36 Points)
18 March 2010whats the difference between Form 3 CD and Form 3 CB
shushantsinghal
(BCOM(HONS),C.A)
(283 Points)
Replied 18 March 2010
FORM 3CD IS FOR TAX AUDIT REPORT TO BE PREPARED IN CASE OF ASSESEE FOR AUDIT U/S 44AB
FORM 3CB IS FOR INDIVIDUAL/HUF/FIRM......THE AUDITOR REPORT......
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 18 March 2010
Form 3CD is the annexure to the tax audit report whereas Form 3CB is Tax audit report itself.
regards,
ratan
CA Priya
(CS Final)
(1049 Points)
Replied 19 March 2010
Form No. 3CA is and Audit report under section 44 AB of the Income-tax Act, 1961 in a case where the account of the business of a person have been audited under any law by an accountants
Form No. 3CB is for people who have not been under audit by any accountant
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 19 March 2010
Dear Priya,
Please check ur error.. Both 3CA & 3CB are audit reports, bt the difference is that 3CA is for company bt 3CB is for Individuals/HUF/Others.
So keep noted.....
regards,
ratan
Prasad R
(CA Final)
(2128 Points)
Replied 19 March 2010
Form 3 CA and 3 CB both are Audit reports for Tax Audit purpose. Form 3CA is for company assessee and form 3 CB for Indi/HUF and others.
Form 3 CD is an annexure either to Form 3CA/Form 3CB as the case may be. Form 3 CD contains the details of the Tax Audit in the required format.
Regards
Prasad R
Vivek Angrish
(Manager Finance & Accounts)
(232 Points)
Replied 19 March 2010
Yes, Mr. Prasad is Right.
swetha
(articled assistant)
(21 Points)
Replied 15 September 2011
MR Prasad is wrong what Priya has said is correct check up incometax rule6g checkout the following link
Mehul
(Article Assistant)
(26 Points)
Replied 12 July 2012
please tell me if in speculation business negative turnover exceeds 1 crore then tax audit is applicable under section 44AB or not????
AVNISH
(pioneer)
(157 Points)
Replied 20 December 2012
The report of audit of the accounts of a person required to be furnished 44AB shall,—
(a) in the case of a person who carries on business or profession and who is required by or under any other law to get his accounts audited, be in Form No. 3CA;
(b) in the case of a person who carries on business or profession, but not being a person referred to in clause (a), be in Form No. 3CB.
(2) The particulars which are required to be furnished under section 44AB shall be in Form No. 3CD.]
Kailash Rajendran
(MBA)
(26 Points)
Replied 07 September 2013
Both 3CA & 3CB is an audit report under sec. 44AB of IT Act, 1961. Whereas 3CA applies for Company and 3CB for Individuals/HUF/others who were not registered under companies act.
3CD is a detail annexure supporting the audit statement provided under either 3CA or 3CB
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