Form 3ca & form 3cb
Hitesh Vaghasiya (Professional) (40 Points)
22 June 2015
When we will issue Form 3CA & Form 3CB ?
5 Replies
Rashi Bajaj
(CA)
(752 Points)
Replied 22 June 2015
3CA: when the auditee has undergone statutory audit as well.
3CB: in case Stat. audit NA or not done.
Sonakshi Mangla
(Employee)
(310 Points)
Replied 22 June 2015
Both these forms are part of Audit:
Form 3CA: is issued when audit is carried out in compliance with an act other than Income Tax Act (i.e Statutory Audit in case of Companies)
Form 3CB: it is issued for cases other than those covered under Form 3CA & where the assessee is laible for tax audit under income tax act
Hitesh Vaghasiya
(Professional)
(40 Points)
Replied 22 June 2015
So is it correct if i am saying that Form 3CA is issued in case of Company and Form 3CB is issued other than company ?
Rashi Bajaj
(CA)
(752 Points)
Replied 22 June 2015
Yes, generally the same is valid. However, there are a few exceptions as India is governed by various laws....
Anup A Deshpande
(Freelancer)
(77 Points)
Replied 22 June 2015
Co-operative society is another example of entity to which Form 3CA applies.
So remember it like,
Form 3CA (A for Audit) when audit done under any other law
And Form 3CB for others
..as mentioned above by Rashi and Sonakshi
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
