Please give me list of Audit Report used with Balance Sheet with details and uses. e.g. Form 3CA, 3CB etc.
1 Replies
CA Namita Ganatra
(Self)
(70 Points)
Replied 19 November 2009
Under section 44AB a person carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds forty lakh rupees in any previous year is required to get his books of accounts audited. In case of a person carrying profession the limit is Rs. 10 lakhs.
A statement of particulars in Form 3CD is required to be furnished in the above case. In addition to by a person who is required by or under any law to get his accounts audited needs to file Form 3CA and person not required under any other law to get audit done is supposed to file Form 3CB.
Thus for companies which are supposed to get their accounts audited under the provisions of Companies Act Form 3CA & 3CD are required.
Further specific reports are required depending on their applicability. For eg. for an assessee claiming exemption under section 10A audit report in Form No. 56F is required to be furnished etc.
In case of any further queries please feel free to ask.
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