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Rule 6g of i.t

mounika (semi qualified chartered accountant) (981 Points)

07 September 2012

PLZ EXPLAIN ME ABOUT RULE 6G, 6G(1) (a), 6G(1)(b), 6G (2) OF INCOME TAX ACT. THANKS IN ADVANCE.

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Shridhar Shah (Chartered Accountant in Practice) (172 Points)
Replied 07 September 2012

6G. (1) The report of audit of the accounts of a person required to be furnished under section 44AB shall,— [LIMITS AS PER SECTION 44AB FOR AUDITABILITY]

(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; [WHEN THE ASSESSEE IS REQUIRED TO BE AUDITED BY ANY OTHER LAW - E.G. COMPANIES ARE REQUIRED TO BE AUDITED UNDER COMPANIES ACT]

(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. [ASSESSEE WHO IS AUDITABLE UNDER INCOME TAX ACT BUT NOT UNDER PROVISION OF OTHER LAW]

(2) The particulars which are required to be furnished under section 44AB shall be in Form No. 3CD. [3CD IS DETAILED STATEMENT]

Please check formats of form 3CA, 3CB & 3CD for details. As you have cleared IPCC, you must have joined articleship. You can see the filled reports in your office too.

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