3CD report
This query is : Resolved
04 October 2009
In 3 CD report of professional accounting ratios are not required as it is required only for manufacturing concerns Is it correct???
04 October 2009
it is required for manufacturing/ trading concerns only- refer Guidance note on Tax Audit.
04 October 2009
Those ratio's have to be calculated only for assessee's who are engaged in manufacturing or trading activities.
Ref:- Page 130 of ICAI publication " Guidance note on Tax audit u/s 44AB of the IT Act,1961" (1999 edition).
Ref:- Page 130 of ICAI publication " Guidance note on Tax audit u/s 44AB of the IT Act,1961" (1999 edition).
05 October 2009
please refer to the Guidance Note issued by the ICAI which states that such ratio calculation are required only in case of manufacturing company
05 October 2009
Required for trading & manufacturing concerns.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
