FORM NO.

3CA
[See rule 6G(1)(a)]
Audit report under section 44AB of the Income-tax Act, 1961, in a case where the
accounts of the business or profession of a person have been audited under any other
law
* I/We report that the Statutory Audit of _________________________________________ having
PAN ________________ was conducted by * me/us/M/s. __________________________ in pursuance
of the provisions of the ___________________ Act, and *
1. I/we annex hereto a copy of * my/our/their audit report dated __________along with a copy each of
(a)the audited * profit and loss account/income and expenditure account for the year ended on 31st
(b)the audited balance sheet as at 31st March, _______; and
(c)documents declared by the said Act to be part of, or annexed to, the * profit and loss
account/income and expenditure account and balance sheet.
2. The statement of particulars required to be furnished under section 44AB is annexed herewith in
3. In * my/our opinion and to the best of * my/our information and according to explanations given to
* me/us, the particulars given in the said Form No. 3CD and the Annexure thereto are true and correct.
Place: Name :
Date: Address :
FORM NO. 3CB
[See rule 6G(1)(b)]
Audit report under section 44AB of the Income-tax Act, 1961 in the case of a person
referred to in clause (b) of sub-rule (1) of rule 6G
1. * I/We have examined the balance sheet as at 31st March ______________________________________ ,and
the * profit and loss account/income and expenditure account for the year ended on that date, attached
herewith, of ___________________________________________ mention name and address of the assessee
with permanent account number]
2. * I/We certify that the balance sheet and the * profit and loss account/income and expenditure account are in
agreement with the books of account maintained at the head office at ______________________ and **
3. (a) * I/We report the following observations/comments/discrepancies/inconsistencies; if any:
(b) Subject to above,-
(A) * I/We have obtained all the information and explanations which, to the best of * my/our knowledge and
belief, were necessary for the purposes of the audit.
(B) In * my/our opinion, proper books of account have been kept by the head office and branches of the
assessee so far as appears from * my/our examination of the books.
(C) In * my/our opinion and to the best of * my/our information and according to the explanations given to *
me/us, the said accounts, read with notes thereon, if any, give a true and fair view:-
(i) in the case of the balance sheet, of the state of the affairs of the assessee as at 31st March, _________; and
(ii) in the case of the * profit and loss account/income and expenditure account of the * profit/loss or *
surplus/deficit of the assessee for the year ended on that date.
4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No.
5. In * my/our opinion and to the best of * my/our information and according to explanations given to * me/us,
the particulars given in the said Form No. 3CD and the Annexure thereto are true and correct.
Place: Name :
Date: Address :
1 Name of the assessee :
2 Address :
3 Permanent Account Number :
4 Status : Individual
5 Previous Year ended : 31st March, 2011
6 Assessment Year : 2011-2012
(b) Books of account maintained.
1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book
5.Journal 6.Ledger 7.Stock Register
(In case books of account are maintained in a computer system,
mention the books of account generated by such computer system.)
All the Books are Generated through Computerised Accounting
System
(c List of books of account examined. As Above
11 (a) Method of accounting employed in the previous year. Mercantile
12 (a) Method of valuation of closing stock employed in the previous year. At Cost or market Value Whcihever is Lower. However as
informed to us, the assessee deals in various items and hence it
is not possible for them to maintain day to day inventories of
goods. The assessee has taken the year end closing stock and
certified the value of the same
If there is any change in the nature of business or profession, the
particulars of such change.
Whether books of account are prescribed under section 44AA, if yes, list
of books so prescribed.
Whether the profit and loss account includes any profits and gains
assessable on presumptive basis, if yes, indicate the amount and the
relevant sections (44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB or any
other relevant section).
Not Applicable
No
Not Applicable
If firm or Association of Persons, indicate names of
partners/members and their profit sharing ratios.
(b)
(b)
Nature of business or profession (if more than one business or
profession is carried on during the previousyear, nature of every
business or profession).
Not Applicable
(b) Whether there has been any change in the method of accounting
employed vis-a-vis the method employed in the immediately preceding
previous year.
No
(c) If answer to (b) above is in the affirmative, give details of such
change, and the effect thereof on the profit or loss.
Not Applicable
Not Applicable (d) Details of deviation, if any, in the method of accounting employed in
the previous year from accounting standards prescribed under section
145 and the effect thereof on the profit or loss.
7 (a)
8 (a)
9(a)
10
(b) Details of deviation, if any, from the method of valuation prescribed
under section 145A, and the effect thereof on the profit or loss.
If there is any change in the partners or members or in their profit
sharing ratio since the last date of the preceding year, the particulars of
such change.
FORM NO. 3CD
[See rule 6G(2)]
Statement of Particulars required to be furnished under
Section 44AB of the Income-Tax Act, 1961
PART B
PART A
Not Applicable (b) Details of deviation, if any, from the method of valuation prescribed
under section 145A, and the effect thereof on the profit or loss.
(a) Description of capital asset; Not Applicable
(b) Date of acquisition; Not Applicable
(c) Cost of acquisition; Not Applicable
(d) Amount at which the asset is converted into stock-intrade., Not Applicable
13 Amounts not credited to the profit and loss account, being,
(a) the items falling within the scope of section 28; Nil
(c) escalation claims accepted during the previous year; Nil
(d) any other item of income; Nil
(e) Capital receipt, if any. Nil
14 Particulars of depreciation allowable as per the Income-tax Act, 1961 in
respect of each asset or block of assets, as the case may be, in the
following form :
Annexure : A
(a) Description of asset/block of assets.
(b) Rate of depreciation.
(c) Actual cost or written down value, as the case may be.
(ii) change in rate of exchange of currency, and
(iii) subsidy or grant or reimbursement, by whatever name called.
(e) Depreciation allowable.
(f) Written down value at the end of the year.
15 Amounts admissible under sections -
(b) not debited to the profit and loss account. Nil
17 Amounts debited to the profit and loss account, being :
(a) expenditure of capital nature; Nil
(b) expenditure of personal nature; Nil. However it is difficult to ascertain the personal element
involved in various expenses like Telephone Expenses,
Conveyance Expenses, Travelling Expenses, Misc. Expenses Etc.
The Assessee has certified that all the expenses are incurred
exclusinvely for the purpose of business only
(d) expenditure incurred at clubs,
(i) as entrance fees and subscriptions; Nil
Nil
(i) Modified Value Added Tax credit claimed and allowed under
the Central Excise Rules, 1944, in respect of assets acquired on or
after 1st March, 1994,
(a) 33AB (b) 33ABA (c) 33AC (wherever applicable) (d) 35 (e) 35ABB
(f) 35AC (g) 35CCA (h) 35CCB (i) 35D (j) 35DD (k) 35DDA (l) 35E:-
16
Nil
(d) Additions/deductions during the year with dates; in the case of any
addition of an asset, date put to use; including adjustments on account
of
(c) expenditure on advertisement in any souvenir, brochure, tract,
pamphlet or the like, published by a political party;
Nil
(a) debited to the profit and loss account (showing the amount debited
and deduction allowable under each section separately);
(b) Any sum received from employees towards contributions to any
provident fund or superannuation fund or any other fund mentioned in
section 2(24)(x); and due date for payment and the actual date of
payment to the concerned authorities under section 36(1)(va).
Nil
(a) Any sum paid to an employee as bonus or commission forservices
rendered, where such sum was otherwise payable to him as profits or
dividend. [Section 36(1)(ii)].
Nil
(b) the proforma credits, drawbacks, refund of duty of customs or excise
or service tax, or refund of sales tax or value added tax, where such
credits, drawbacks or refunds are admitted as due by the authorities
concerned;
Give the following particulars of the capital asset converted into stock-in-
trade: -
12A
(ii) as cost for club services and facilities used; Nil
(ii) any other penalty or fine; Nil
(f) amounts inadmissible under section 40(a);
(k) particulars of any liability of a contingent nature. Not Applicable
(m) amount inadmissible under the proviso to section 36(1)(iii); Nil
18 Particulars of payments made to persons specified under section
40A(2)(b).
Annexure : B
(a) paid during the previous year;
(b) not paid during the previous year.
(B) was incurred in the previous year and was
(a) paid on or before the due date for furnishing the return of
income of the previous year under section 139(1);
Annexure : C
(b) not paid on or before the aforesaid date. Nil
(ii) [***]
*State whether sales tax, customs duty, excise duty or any
other indirect tax, levy, cess, impost, etc., is passed
through the profit and loss account.
(e) (i) expenditure by way of penalty or fine for violation of any law for
the time being in force;
Nil
(iii) expenditure incurred for any purpose which is an offence or
which is prohibited by law;
Nil
(h) (A) whether a certificate has been obtained from the assessee
regarding payments relating to any expenditure covered under section
40A(3) that the payments were made by account payee cheques drawn
on a bank or account payee bank draft, as the case may be;
Yes
Not Applicable
Not Applicable
(B) amount inadmissible under section 40A(3), read with rule
6DD with break-up of inadmissible amounts;
Nil
(i) provision for payment of gratuity not allowable under section 40A(7); Nil
(j) any sum paid by the assessee as an employer not allowable under
section 40A(9);
Nil
(l) amount of deduction inadmissible in terms of section 14A in respect
of the expenditure incurred in relation to income which does not form
part of the total income;
Nil
(g) interest, salary, bonus, commission or remuneration inadmissible
under section 40(b)/40(ba) and computation thereof;
19
20
21
22
23
Amount of interest inadmissible under section 23 of the Micro Small and
Medium Enterprises Development Act, 2006.
Amounts deemed to be profits and gains under section 33AB or 33ABA
or 33AC.
Nil
Any amount of profit chargeable to tax under section 41 and
computation thereof.
Nil
* (i) In respect of any sum referred to in clause (a), (b), (c), (d), (e) or (f)
of section 43B, the liability for which :
(b) Particulars of income or expenditure of prior period credited or
debited to the profit and loss account.
Not Applicable
Details of any amount borrowed on hundi or any amount due thereon
(including interest on the amount borrowed) repaid, otherwise than
through an account payee cheque [Section 69D].
17A
Not Applicable
(a) Amount of Modified Value Added Tax credits availed of or utilized
during the previous year and its treatment in the profit and loss account
and treatment of outstanding Modified Value Added Tax credits in the
accounts.
Nil
(A) pre-existed on the first day of the previous year but was not allowed
in the assessment of any preceding previous year and was
24 (a) Particulars of each loan or deposit in an amount exceeding the limit
specified in Section 269SS Taken or Accepted During the Previous Year
Annexure : D
(i) Name, Address and Permanent Account Number (if available with the
assessee) of the Lender or Depositor
(ii) Amount of Loan or Deposit Taken or Accepted
(iii) Whether the Loan or Deposit was Squared up During the Previous Year
(iv) Maximum Amount Outstanding in the Account at Any Time During the
Previous Year
(v) Whether the Loan or Deposit was Taken or Accepted Otherwise Than by
Account Payee Cheque or Account Payee Bank Draft
24 (b) Particulars of Each Repayment of Loan or Deposit in an Amount
Exceeding the Limit Specified in Section 269T made During The Previous
Year
Annexure : E
(i) Name, Address and Permanent Account Number (if available with the
assessee) of the Lender or Depositor
(ii) Amount of the Repayment
(iii) Maximum Amount Outstanding in the Account At Any Time During the
Previous Year
(iv) Whether the Repayment was made Otherwise Than by Account Payee
Cheque or Account Payee Bank Draft
(a) Sr. Asst. Nature of Amount Amount Remarks No.
Year Loss / as as (if any) .
Allowance Returned Assessed
(i) Tax Deductible and Not Deducted at All
(ii) Shortfall on Account of lesser Deduction Than Required to be
Deducted
(iii) Tax Deducted Late
(iv) Tax Deducted But Not Paid to the Credit of the Central
*Please give the details of cases covered in (i) to (iv) above.
(b)
24 (c) Whether a certificate has been obtained from the assessee regarding
taking or accepting loan or deposit, or repayment of the same through
an account payee cheque or an account payee bank draft.
Yes
Details of brought forward loss or depreciation allowance, in the
following manner, to the extent available :
Section-wise details of deductions, if any, admissible under Chapter VIA.
(a) Whether the assessee has complied with the provisions of Chapter
XVII-B regarding deduction of tax at source and regarding the payment
thereof to the credit of the Central Government.
27
25
26
Yes, Except Enumerated Below
(b) If the provisions of Chapter XVII-B have not been complied with,
please give the following details*, namely:-
Annexure : F
*(These particulars need not be given in the case of a Government
company, a banking company or a corporation established by a Central,
State or Provincial Act.)
whether a change in shareholding of the company has taken place in the
previous year due to which the losses incurred prior to the previous year
cannot be allowed to be carried forward in terms of section 79.
Not Applicable
The particulars (i) to (iv) at (b) and the Certificate at (c) above need not
be given in the case of a repayment of any loan or deposit taken or
accepted from Government, Government company, banking company or
a corporation established by a Central, State or Provincial Act;
(i) opening stock;
(ii) purchases during the previous year;
(iii) sales during the previous year;
(iv) closing stock;
(v) shortage/excess, if any.
A. Raw materials :
(i) opening stock;
(ii) purchases during the previous year;
(iii) consumption during the previous year;
(iv) sales during the previous year;
(v) closing stock;
(vi) * yield of finished products;
(vii) * percentage of yield;
(viii) * shortage/excess, if any.
B. Finished products/By-products :
(i) opening stock;
(ii) purchases during the previous year;
(iii) quantity manufactured during the previous year;
(iv) sales during the previous year;
(v) closing stock;
(vi) shortage/excess, if any.
*Information may be given to the extent available.
(a) total amount of distributed profits;
(b) total tax paid thereon;
(c) dates of payment with amounts.
32 Accounting ratios with calculations as follows :
(a) Gross profit/Turnover;
(b) Net profit/Turnover;
(c) Stock-in-trade/Turnover;
(d) Material consumed/Finished goods produced.
Place :
Date :
(a) In the case of a trading concern, give quantitative details of principal
items of goods traded:
Whether any audit was conducted under the Central Excise Act, 1944, if
yes, enclose a copy of the report of such audit.
Not Applicable
(b) In the case of a manufacturing concern, give quantitative details of
the principal items of raw materials, finished products and by-products :
In the case of a domestic company, details of tax on distributed profits
under section 115-O in the following form :
Not Applicable
Whether any cost audit was carried out, if yes, enclose a copy of the
report of such audit [See section 139(9)].
31
28
30
29
Not Applicable
:
:
:
:
:
:
Sl. No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Commission paid
Interest received
Interest paid
Depreciation as per books of account
Net Profit (or loss) before tax as per Profit and Loss
Account
Taxes on income paid/provided for in the books
Total of Balance Sheet
Gross turnover/gross receipts
Gross profit
Commission received
Unsecured loans
Current liabilities and provisions
Share Application Money/Current Account of Partner or
Proprietor, if any
Secured loans
Reserves and Surplus/Profit and Loss Account
PART B
Current year Preceding year Parameters
Nature of business or profession in respect of every business or profession carried on during the
previous year
Annexure I
PART A
1. Name of the assessee
6. Assessment year
5. Previous year ended
Paid-up share capital/capital of partner/proprietor
4. Status
3. Permanent Account Number
2. Address
31st March, 2011
2011-2012
(a) (b) (c) (d) (a+b+c-d)=(e) (f)
Land - 0 -
Building 10% 0 0
Plant & machinery 15% 0 0
Car 15% 0 0
Bike 15% 0 0
Computer 60% 0 0
Furniture 10% 0 0
0 0 0 0 0 0
Depreciation
Total
BLOCK OF ASSETS
RATE OF
DEPRECIATION
Actual Cost
/ WDV
Name:
Annexure : B
Particulars of payments made to persons specified under section 40A(2)(b).
Clause : 14
Annexure : A
Addition During
The Second Half
Sale /
Scrape /
Deletion
Sub Total
Clause : 18
Addition During
The First Half
Name of Person Relation Nature of Payment
Amount of the
Repayment
Whether the
Loan or Deposit
was Squared up
During the
Previous Year
Clause : 24(a)
Particulars of each loan or deposit in an amount exceeding the limit specified in Section 269SS Taken or Accepted During the Previous
Year
Name, Address and Permanent Account Number
(if available with the assessee) of the Lender or
Depositor
Annexure : D
Whether the Loan or Deposit was
Taken or Accepted Otherwise Than
by Account Payee Cheque or
Account Payee Bank Draft
Maximum Amount
Outstanding in the Account
at Any Time During the
Previous Year
Annexure : C
Clause : 21(i)(B)(a)
Payment in respect of any sum referred to in clause (a), (b), (c), (d), (e) or (f) of section 43B, the liability for which was incurred in the
previous year and was paid on or before the due date for furnishing the return of income of the previous year under section 139(1)
Nature of Payment For the Period Paid On
Amount
TDS
Deductible
TDS Deducted
(iii) Tax Deducted Late
Clause : 27(b)
Particulars of Expenses
(i) Tax Deductible and Not Deducted at All
(ii) Shortfall on Account of lesser Deduction Than Required to be Deducted
(iv) Tax Deducted But Not Paid to the Credit of the Central Government
Annexure : F
Details of Expenses where Provisions of Chapter XVII-B have not been complied with
Particulars of Each Repayment of Loan or Deposit in an Amount Exceeding the Limit Specified in Section 269T made During The Previous
Year
Annexure : E
Clause : 24(b)
Name, Address and Permanent Account Number
(if available with the assessee) of the Lender or
Depositor
Amount of the Repayment Maximum Amount
Outstanding in the Account
At Any Time During the
Previous Year
Whether the Repayment was
made Otherwise Than by Account
Payee Cheque or Account Payee
Bank Draft
(e-f)=g
0
0
0
0
0
0
0
0
Amount
Name:
Annexure : B
Particulars of payments made to persons specified under section 40A(2)(b).
WDV
Clause : 14
Annexure : A
Clause : 18
Amount
Clause : 24(a)
Particulars of each loan or deposit in an amount exceeding the limit specified in Section 269SS Taken or Accepted During the Previous
Year
Annexure : D
Whether the Loan or Deposit was
Taken or Accepted Otherwise Than
by Account Payee Cheque or
Account Payee Bank Draft
Annexure : C
Clause : 21(i)(B)(a)
Payment in respect of any sum referred to in clause (a), (b), (c), (d), (e) or (f) of section 43B, the liability for which was incurred in the
previous year and was paid on or before the due date for furnishing the return of income of the previous year under section 139(1)
Amount of TDS /
Shortfall
Clause : 27(b)
Annexure : F
Details of Expenses where Provisions of Chapter XVII-B have not been complied with
Particulars of Each Repayment of Loan or Deposit in an Amount Exceeding the Limit Specified in Section 269T made During The Previous
Year
Annexure : E
Clause : 24(b)
Whether the Repayment was
made Otherwise Than by Account
Payee Cheque or Account Payee
Bank Draft
Particulars
(i) (a) whether the company is maintaining proper records showing full
particulars, including quantitative details and situation of fixed
(b) whether these fixed assets have been physically verified by the
management at reasonable intervals; whether any material
discrepancies were noticed on such verification and if so, whether
the same have been properly dealt with in the books of account;
(c) if a substantial part of fixed assets have been disposed off during
the year, whether it has affected the going concern;
(ii) (a) whether physical verification of inventory has been conducted at
reasonable intervals by the management;
(b) are the procedures of physical verification of inventory followed
by the management reasonable and adequate in relation to the size
of the company and the nature of its business. If not, the
inadequacies in such procedures should be reported;
(c) whether the company is maintaining proper records of inventory
and whether any material discrepancies were noticed on physical
verification and if so, whether the same have been properly dealt
with in the books of account;
(iii) (a) has the company either granted or taken any loans, secured or
unsecured to/from companies, firms or other parties covered in the
register maintained under section 301 of the Act. If so, give the
number of parties and amount involved in the transactions.
(b) whether the rate of interest and other terms and conditions of
loans given or taken by the company, secured or unsecured, are
prima facie prejudicial to the interest of the company;
(c) whether payment of the principal amount and interest are also
regular;
(d) if overdue amount is more than one lakh, whether reasonable
steps have been taken by the company for recovery/payment of the
principal and interest;
(iv) is there an adequate internal control procedure commensurate
with the size of the company and the nature of its business, for the
purchase of inventory and fixed assets and for the sale of goods.
Whether there is a continuing failure to correct major weaknesses
in internal control;
(v) (a) whether transactions that need to be entered into a register in
pursuance of section 301 of the Act have been so entered;
(b) whether each of these transactions have been made at prices
which are reasonable having regard to the prevailing market prices
at the relevant time;
(This information is required only in case of transactions exceeding
the value of five lakh rupees in respect of any party and in any one
financial year).
Companies (Auditors
Report) Order, 2003.
(vi) in case the company has accepted deposits from the public,
whether the directives issued by the Reserve Bank of India and the
provisions of sections 58A and 58AA of the Act and the rules framed
there under, where applicable, have been complied with. If not, the
nature of contraventions should be stated; If an order has been
passed by Company Law Board whether the same has been
complied with or not?
(vii) in the case of listed companies and/or other companies having a
paid-up capital and reserves exceeding Rs.50 lakhs as at the
commencement of the financial year concerned, or having an
average annual turnover exceeding five crore rupees for a period of
three consecutive financial years immediately preceding the
financial year concerned, whether the company has an internal
audit system commensurate with its size and nature of its business;
(viii) where maintenance of cost records has been prescribed by the
Central Government under clause (d) of sub-section (1) of section
209 of the Act, whether such accounts and records have been made
and maintained;
(ix) (a) is the company regular in depositing undisputed statutory dues
including Provident Fund, Investor Education and Protection Fund,
Employees State Insurance, Income-tax, Sales-tax, Wealth Tax,
Custom
Duty, Excise Duty, cess and any other statutory dues with the
appropriate authorities and if not, the extent of the arrears of
outstanding statutory dues as at the last day of the financial year
concerned for a period of more than six months from the date they
became payable, shall be indicated by the auditor.
(b) in case dues of sales tax/income tax/custom tax/wealth
tax/excise duty/cess have not been deposited on account of any
dispute, then the amounts involved and the forum where dispute is
pending may please be mentioned.
(A mere representation to the Department shall not constitute the
dispute).
(x) whether in case of a company which has been registered for a
period not less than five years, its accumulated losses at the end of
the financial year are not less than fifty per cent of its net worth
and whether it has incurred cash losses in such financial year and in
the financial year immediately preceding such financial year also;
(xi) whether the company has defaulted in repayment of dues to a
financial institution or bank or debenture holders? If yes, the period
and amount of default to be reported;
(xii) whether adequate documents and records are maintained in cases
where the company has granted loans and advances on the basis of
security by way of pledge of shares, debentures and other
securities; If not, the deficiencies to be pointed out.
(xiii) whether the provisions of any special statute applicable to chit fund
have been duly complied with? In respect of nidhi/ mutual benefit
fund/societies;
(a) whether the net-owned funds to deposit liability ratio is more
than 1:20 as on the date of balance sheet;
(b) whether the company has complied with the prudential norms
on income recognition and provisioning against sub-
standard/default/loss assets;
(c) whether the company has adequate procedures for appraisal of
credit proposals/requests, assessment of credit needs and
repayment capacity of the borrowers;
(d) whether the repayment schedule of various loans granted by
the nidhi is based on the repayment capacity of the borrower and
would be conducive to recovery of the loan amount;
(xiv) if the company is dealing or trading in shares, securities,
debentures and other investments, whether proper records have
been maintained of the transactions and contracts and whether
timely entries have been made therein; also whether the shares,
securities, debentures and other securities have been held by the
company, in its own name except to the extent of the exemption, if
any, granted under section 49 of the Act;
(xv) whether the company has given any guarantee for loans taken by
others from bank or financial institutions, the terms and conditions
whereof are prejudicial to the interest of the company;
(xvi) whether term loans were applied for the purpose for which the
loans were obtained;
(xvii) whether the funds raised on short-term basis have been used for
long term investment and vice versa; If yes, the nature and amount
is to be indicated;
(xviii) whether the company has made any preferential allotment of
shares to parties and companies covered in the Register maintained
under section 301 of the Act and if so whether the price at which
shares have been issued is prejudicial to the interest of the
company;
(xix) whether securities have been created in respect of debentures
issued?
(xx) whether the management has disclosed on the end use of money
raised by public issues and the same has been verified;
(xxi) whether any fraud on or by the company has been noticed or
reported during the year; If yes, the nature and the amount
involved is to be indicated.
Comments
Companies (Auditors
Report) Order, 2003.
Check Applicability of CARO(Give the Answers in "Answer Column" only to the respective
question and you will get the aplicability automatically)
Is it a Banking Co. ?
Outstanding Loans from Banks or Financial
Inst. (amount)
Turnover (Amount)
Question
Capital + Reserves (Amount)
Has accepted Public Deposits ?
Is it a Insurance Co. ?
Final Answer
Is it a Sec.25 Co. ?
In case of PVT LTD Co. check followings
Answer
Yes
Yes
Yes
5,000,000.00
No
999,999.00
50,000,000.00
No
Applicable or not
Check Applicability of CARO(Give the Answers in "Answer Column" only to the respective
question and you will get the aplicability automatically)
No
Final Answer
If Answers in all the boxes
in this column is No then
CARO is Not Applicable
No
No
No
No
No
Individual
HUF STATUS
Firm
Company
AOP
Not Applicable
Nil COMMON
Yes
No
1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger 7.Stock Register
1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger
1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger 7.Stock Register
1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger
As Above
All the Books are Generated using the Computerised Accounting System
All the Books are prepared using Mannual Accounting System
At Cost or Market Value Whichever is Lower
At Average Cost or Market Value Whichever is Lower
There is No Closing Stock
At Cost or Market Value Whichever is Lower. We are informed that the Assessee deals in various items and hence it is not possible for them to maintain day to day inventory of goods. The assessee has however taken the year end Inventory and Certified the Value
Mercantile
Cash ACCOUNTINGMETHOD
Nil PERSONALEXPENSES
Nil. However it is difficult to ascertain the personal element involved in various expenses like Telephone Expenses, Conveyance Expenses, Travelling Expenses, Misc. Expenses Etc. The Assessee has certified that all the expenses are incurred exclusinvely for the purpose of business only
Not Applicable
Yes TDS
Yes, Except Enumerated Below
Yes
No CARO
Nil
Not Applicable
Yes
No CAROAPP
*Please enter the relevant code pertaining to the main area of your business activity. The codes are as follows :
Sub-Sector Code Sector
(1) Manufacturing Industry Agro-based industries
Automobile and Auto parts
Cement
Diamond cutting
Tyre
Paper
Petroleum and Petrochemicals
Power and energy
Food Processing Units
Marble & Granite
Tobacco
Drugs and Pharmaceuticals
Electronics including Computer Hardware
Engineering goods
Fertilizers, Chemicals, Paints
Flour & Rice Mills
Estate agents
Property Developers
Others
Vanaspati & Edible Oils
Printing & Publishing
Rubber
Steel
Sugar
Tea, Coffee
Textiles, Handloom, Powerlooms
Others
(2) Trading Chain stores
Retailers
Wholesalers
Others
(3) Commission Agents General Commission Agents
(5) Contractors Civil Contractors
Others
(6) Professionals Chartered Accountants, Auditors, etc.
Forest Contractors
Mining Contractors
Fashion designers
Excise Contractors
Legal professionals
0101
0102
0103
0104
0105
0106
0107
(4) Builders Builders
0118
0119
0108
0109
0110
0111
0112
0113
Medical professionals
Nursing Homes
0114
0115
0116
0117
0401
0402
0120
0121
0122
0123
0124
0201
0202
0203
0204
0301
0604
0605
0403
0404
0501
0502
0503
0504
0505
0601
0602
0603
1. Short title, application and commencement. (1) This order may be called the Companies (Auditors
Report) Order, 2003.
(2) It shall apply to every company including a foreign company as defined in section 591 of the Act, except the following
:-
(i) a Banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);
(ii) an insurance company as defined in clause (21) of section 2 of the Act;
(iii) a company licensed to operate under section 25 of the Act; and
(iv) a private limited company with a paid up capital and reserves not more than fifty lakh rupees and has not
accepted any public deposit and does not have loan outstanding ten lakh rupees or more from any bank
or financial institution and does not have a turnover exceeding five crore rupees.
(3) It shall come into force on the 1st day of July, 2003.
Travel agents, tour operators
Others
Consultancy services
Courier Agencies
Computer training/educational and coaching institutes
I.T. enabled services, BPO service providers
Security agencies
Software development agencies
Transporters
Non-Banking Financial Companies
Share Brokers, Sub-brokers, etc.
(8) Financial Service Sector Banking Companies
Chit Funds
Financial Institutions
Financial service providers
Leasing Companies
Money Lenders
Forex Dealers
Hospitality services
Hotels
Specialty hospitals
Others
(7) Service Sector Advertisement agencies
Beauty Parlours
Motion Picture Producers
Television Channels
Others
Others
(9) Entertainment Industry Cable T.V. productions
Film distribution
Film laboratories
0709
0710
0606
0607
0701
0702
0703
0704
0705
0706
0707
0708
0807
0808
0711
0712
0713
0714
0801
0802
0803
0804
0805
0806
0906
0809
0901
0902
0903
0904
0905
BOOKS
BOOKSEXAMINED
STOCKVALUATION
At Cost or Market Value Whichever is Lower. We are informed that the Assessee deals in various items and hence it is not possible for them to maintain day to day inventory of goods. The assessee has however taken the year end Inventory and Certified the Value
Nil. However it is difficult to ascertain the personal element involved in various expenses like Telephone Expenses, Conveyance Expenses, Travelling Expenses, Misc. Expenses Etc. The Assessee has certified that all the expenses are incurred exclusinvely for the purpose of business only
*Please enter the relevant code pertaining to the main area of your business activity. The codes are as follows :
(2) It shall apply to every company including a foreign company as defined in section 591 of the Act, except the following
(i) a Banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);
(iv) a private limited company with a paid up capital and reserves not more than fifty lakh rupees and has not
accepted any public deposit and does not have loan outstanding ten lakh rupees or more from any bank
At Cost or Market Value Whichever is Lower. We are informed that the Assessee deals in various items and hence it is not possible for them to maintain day to day inventory of goods. The assessee has however taken the year end Inventory and Certified the Value
Nil. However it is difficult to ascertain the personal element involved in various expenses like Telephone Expenses, Conveyance Expenses, Travelling Expenses, Misc. Expenses Etc. The Assessee has certified that all the expenses are incurred exclusinvely for the purpose of business only