10 likes | 35 Views
Form No. 3CD is the format in which the statement of particulars of tax audit is required to be furnished. The objective of the form is to specify the particulars of the audit report under any of the forms specified under Section 44AB. Tax Guru is a portal where you will get full information related to taxation. To get every necessary information regarding tax audit report form 3cd amendments and detailed analysis do checkout Tax Guru.
E N D
TAX AUDIT REPORT - FORM 3CD WHAT IS FORM 3CD? In simple terms, Form 3CD describes the format of the Audit Report which is to be filed by tax auditors under Section 44AB of Income Tax Act, 1961. WHY FORM 3CD IS REQUIRED? A tax audit is mandatory if the turnover of a business exceeds Rs. 1 crore or exceeds Rs. 25 Lacs in case of Professionals. Form 3CD is a Form in accordance with Rule 6G(2) and Section 44AB of the Indian Income Tax Act, 1961 It is required to be attached with Forms 3CA or 3CB, as applicable. WHO SHOULD FILE FORM 3CD? Form 3CD is prepared by a Chartered Accountant on behalf of the assessees who get their accounts audited. To get more information about tax audit report and visit Tax Guru. Form 3CD W W W . T A X G U R U . I N