3CA,3CB,3CD

This query is : Resolved 

30 April 2010 WHAT IS 3CA,3CB,3CD? WHEN IS ENFORCEABLLE.

30 April 2010 Form 3CA
Audit report under section 44AB of the Income-tax Act, 1961 in a case where the accounts of the business or profession of a person have been audited under any other law

FORM NO.3CB
Audit report under section 44AB of the Income-tax Act, 1961, in the case of a person referred to in clause (b) of sub-rule (1) of rule 6G

Form 3CD
Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961

30 April 2010 Agreed.
Basically, Form 3CA, 3CB and 3CD is a Tax Audit report.

Tax audit is applicable if the turnover in a financial year exceeds the limit. The turnover limit for the financial year 2010-11 is Rs.60 lacs for business and Rs.15 lacs for profession.


30 April 2010 and the turnover limit for the financial year 2009-10 is Rs.40 lacs for business and Rs.10 lacs for profession.

03 May 2010 thanks.



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