When does Form 3CA should be issued u/s 44AB

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naveen.m

naveen.m (Querist)
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20 May 2008 Please let me know the difference between Form 3CA & 3CB

CA. Vineet Grover

CA. Vineet Grover (Expert)
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20 May 2008 Hi Naveen,

Report of audit of accounts to be furnished under section 44AB.

Rule 6G. (1) The report of audit of the accounts of a person required to be furnished under 82section 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.]

Rgds/
Vineet

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Manish Agarwal

Manish Agarwal (Expert)
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21 May 2008 Put simply Form 3CA is required when your accounts has already been audited under any other law when your accounts have been subjected to regular statutory audit. Form 3CB is required in cases other than the cases where Form 3CA is required. Form 3CB will be used in case of partnership firms or proprietory business concerns having turnover more than Rs.40lacs. In case of companies it will be required when the financial year of the company is different than the previous year, i.e. the financial year of the company is other than form 01-04 to 31-03.Hope this clarifies your question. In case you require any further information do let me know.

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naveen.m

naveen.m (Querist)
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30 May 2008 Thanks Mr.Vineet Grover

naveen.m

naveen.m (Querist)
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30 May 2008 Thanks Mr.Manish Agarwal