Tax audit form

FORM NO. 3CA[See rule 6G(1)(a)]

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 March, ___;(b)the audited balance sheet as at 31st March, _______; and

2. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 3CD.

Place: Name : Date: Address :

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 _________________________________________ [mention name and address of the assessee with permanent account number] was conducted by * me/us/M/s. __________________________ in pursuance of the provisions of the ___________________ Act, 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.

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.

FORM NO. 3CB[See rule 6G(1)(b)]

3. (a) * I/We report the following observations/comments/discrepancies/inconsistencies; if any:(b) Subject to above,-

(i) in the case of the balance sheet, of the state of the affairs of the assessee as at 31st March, _________; and

4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 3CD.

Place: Name : Date: Address :

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 ** ______________________ branches.

(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:-

(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.

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.

FORM NO. 3CD[See rule 6G(2)]

Statement of particulars required to be furnished undersection 44AB of the Income-tax Act, 1961

PART A1 Name of the assessee : M/s.

Proprietor 2 Address : Mumbai

3 Permanent Account Number :4 Status : Individual5 Previous year ended : 31st March, 20116 Assessment year : 2011-2012

PART B7

8

Not Applicable

9 No

(c) List of books of account examined. As Above10 Not Applicable

11 (a) Method of accounting employed in the previous year. MercantileNo

Not Applicable

Not Applicable

12

Not Applicable

(a) If firm or Association of Persons, indicate names of partners/members and their profit sharing ratios.(b) 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.(a) Nature of business or profession (if more than one business or profession is carried on during the previousyear, nature of every business or profession). (b) If there is any change in the nature of business or profession, the particulars of such change.(a) Whether books of account are prescribed under section 44AA, if yes, list of books so prescribed.(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

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).

(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.(c) If answer to (b) above is in the affirmative, give details of such change, and the effect thereof on the profit or loss.(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.(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

(b) Details of deviation, if any, from the method of valuation prescribed under section 145A, and the effect thereof on the profit or loss.

12A

(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

Nil

(c) escalation claims accepted during the previous year; Nil(d) any other item of income; Nil(e) Capital receipt, if any. Nil

14 Annexure : 1

(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

(e) Depreciation allowable.(f) Written down value at the end of the year.

15 Amounts admissible under sections -

Nil

(b) not debited to the profit and loss account. Nil16 Nil

Nil

17 Amounts debited to the profit and loss account, being :—(a) expenditure of capital nature; Nil(b) expenditure of personal nature;

Nil

(d) expenditure incurred at clubs,—

Give the following particulars of the capital asset converted into stock-in-trade: -

(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;

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 :—

(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—

(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,

(iii) subsidy or grant or reimbursement, by whatever name called.

(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:-(a) debited to the profit and loss account (showing the amount debited and deduction allowable under each section separately);

(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)].(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. 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

(c) expenditure on advertisement in any souvenir, brochure, tract, pamphlet or the like, published by a political party;

(i) as entrance fees and subscriptions; Nil(ii) as cost for club services and facilities used; Nil

Nil

(ii) any other penalty or fine; NilNil

(f) amounts inadmissible under section 40(a);

Yes

Nil

Nil

Nil

(k) particulars of any liability of a contingent nature. Not ApplicableNil

(m) amount inadmissible under the proviso to section 36(1)(iii); Nil17A Not Applicable

18 Annexure : 2

19 Nil

20 Nil

21

Not Applicable

(a) paid during the previous year;(b) not paid during the previous year.

(B) was incurred in the previous year and wasAnnexure : 3

(b) not paid on or before the aforesaid date. Nil(ii) [***]*State whether sales tax, customs duty, excise duty or anyother indirect tax, levy, cess, impost, etc., is passedthrough the profit and loss account.

22 Nil

Not Applicable

23 Not Applicable

(e) (i) expenditure by way of penalty or fine for violation of any law for the time being in force;

(iii) expenditure incurred for any purpose which is an offence or which is prohibited by law;

(g) interest, salary, bonus, commission or remuneration inadmissible under section 40(b)/40(ba) and computation thereof;(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;

(B) amount inadmissible under section 40A(3), read with rule 6DD with break-up of inadmissible amounts;

(i) provision for payment of gratuity not allowable under section 40A(7);(j) any sum paid by the assessee as an employer not allowable under section 40A(9);

(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;

Amount of interest inadmissible under section 23 of the Micro Small and Medium Enterprises Development Act, 2006.Particulars of payments made to persons specified under section 40A(2)(b).Amounts deemed to be profits and gains under section 33AB or 33ABA or 33AC.Any amount of profit chargeable to tax under section 41 and computation thereof.* (i) In respect of any sum referred to in clause (a), (b), (c), (d), (e) or (f) of section 43B, the liability for which :—(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

(a) paid on or before the due date for furnishing the return of income of the previous year under section 139(1);

(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.(b) Particulars of income or expenditure of prior period credited or debited to the profit and loss account.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].

23 Not ApplicableDetails 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].

24 (a) Annexure : 4

(i)

(ii) Amount of Loan or Deposit Taken or Accepted(iii)

(iv)

(v)

24 (b) Annexure : 5

(i)

(ii) Amount of the Repayment(iii)

(iv)

24 (c) Yes

25

(a)

(b) Not Applicable

26

27 Yes, Except Enumerated Below

Annexure : 6

(i) Tax Deductible and Not Deducted at All

(iii) Tax Deducted Late

Particulars of each loan or deposit in an amount exceeding the limit

specified in Section 269SS Taken or Accepted During the Previous YearName, Address and Permanent Account Number (if available with the assessee) of the Lender or Depositor

Whether the Loan or Deposit was Squared up During the Previous YearMaximum Amount Outstanding in the Account at Any Time During the Previous YearWhether the Loan or Deposit was Taken or Accepted Otherwise Than by Account Payee Cheque or Account Payee Bank Draft*(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.)Particulars of Each Repayment of Loan or Deposit in an Amount Exceeding the Limit Specified in Section 269T made During The Previous YearName, Address and Permanent Account Number (if available with the assessee) of the Lender or Depositor

Maximum Amount Outstanding in the Account At Any Time During the Previous YearWhether the Repayment was made Otherwise Than by Account Payee Cheque or Account Payee Bank DraftWhether 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.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;Details of brought forward loss or depreciation allowance, in the following manner, to the extent available :Sr. Asst. Nature of Amount Amount Remarks No. Year Loss / as as (if any) . Allowance Returned Assessed

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.

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.

(b) If the provisions of Chapter XVII-B have not been complied with, please give the following details*, namely:-

(ii) Shortfall on Account of lesser Deduction Than Required to be Deducted

*Please give the details of cases covered in (i) to (iv) above.(iv) Tax Deducted But Not Paid to the Credit of the Central Government

28

(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.29 Not Applicable

(a) total amount of distributed profits;(b) total tax paid thereon;(c) dates of payment with amounts.

30 Not Applicable

31 Not Applicable

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:

(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 :—

Whether any cost audit was carried out, if yes, enclose a copy of the report of such audit [See section 139(9)].Whether any audit was conducted under the Central Excise Act, 1944, if yes, enclose a copy of the report of such audit.

Annexure IPART A

1. Name of the assessee : M/s.2. Address : Mumbai3. Permanent Account Number : 04. Status : Individual5. Previous year ended : 31st March, 20116. Assessment year : 2011-2012

PART B0204

Sl. No. Parameters Current year Preceding year1 Paid-up share capital/capital of partner/proprietor2

3 Reserves and Surplus/Profit and Loss Account4 Secured loans5 Unsecured loans6 Current liabilities and provisions7 Total of Balance Sheet8 Gross turnover/gross receipts9 Gross profit

10 Commission received11 Commission paid12 Interest received13 Interest paid14 Depreciation as per books of account15

16 Taxes on income paid/provided for in the books

Nature of business or profession in respect of every business or profession carried on during the previous year

Share Application Money/Current Account of Partner or Proprietor, if any

Net Profit (or loss) before tax as per Profit and Loss Account

M/s.

Annexure : 1Clause : 14

BLOCK OF ASSETS Sub Total Depreciation WDV

(a) (b) (c) (d) (a+b+c-d)=(e) (f) (e-f)=gLand - 0 - 0Building 10% 0 0 0Plant & machinery 15% 0 0 0Car 15% 0 0 0Bike 15% 0 0 0Computer 60% 0 0 0Furniture 10% 0 0 0

Total 0 0 0 0 0 0 0

Annexure : 2Clause : 18

Particulars of payments made to persons specified under section 40A(2)(b).Name of Person Relation Nature of Payment Amount

RATE OF DEPRECIATION

Actual Cost / WDV

Addition During The First Half

Addition During The Second Half

Sale / Scrape / Deletion

During The Year

Annexure : 3Clause : 21(i)(B)(a)

Nature of Payment For the Period Paid On Amount

Annexure : 4Clause : 24(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)

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

Amount of the Repayment

Whether the Loan or Deposit was Squared up

During the Previous Year

Maximum Amount Outstanding in the Account

at Any Time During the Previous Year

Whether the Loan or Deposit was Taken or Accepted Otherwise

Than by Account Payee Cheque or Account Payee Bank Draft

Annexure : 5Clause : 24(b)

Amount of the Repayment

Annexure : 6Clause : 27(b)

Details of Expenses where Provisions of Chapter XVII-B have not been complied with

Particulars of Expenses Amount TDS Deducted

(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 Government

Particulars of Each Repayment of Loan or Deposit in an Amount Exceeding the Limit Specified in Section 269T made During The Previous Year

Name, Address and Permanent Account Number (if available with the assessee) of the

Lender or Depositor

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

TDS Deductible

Amount of TDS / Shortfall

Particulars Comments(i)

(ii)

(iii)

(iv)

(v)

Companies (Auditor’s Report) Order, 2003.

(a) whether the company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets;(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;(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;(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;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;(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;

(vi)

(vii)

(viii)

(ix)

(x)

(xi)

(xii)

(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).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?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;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;(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, CustomDuty, 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).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;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;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)

(xiv)

(xv)

(xvi)

(xvii)

(xviii)

(xix)

(xx)

(xxi)

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;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;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;whether term loans were applied for the purpose for which the loans were obtained;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;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;whether securities have been created in respect of debentures issued?whether the management has disclosed on the end use of money

raised by public issues and the same has been verified;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.

Question Answer Applicable or notIs it a Banking Co. ? Yes NoIs it a Insurance Co. ? Yes No

Is it a Sec.25 Co. ?Yes No

In case of PVT LTD Co. check followings

Capital + Reserves (Amount) 5000000 No

Has accepted Public Deposits ? No No

999999 No

Turnover (Amount) 50000000 No

Final Answer

Check Applicability of CARO(Give the Answers in "Answer Column" only to the respective question and you will get the aplicability automatically)

Outstanding Loans from Banks or Financial Inst. (amount)

If Answers in all the boxes in this column is No then CARO is Not Applicable

IndividualHUF STATUSFirmCompanyAOP

Not ApplicableNil COMMONYesNo

1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger 7.Stock Register1.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 Register1.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 SystemAll the Books are prepared using Mannual Accounting System

At Cost or Market Value Whichever is LowerAt Average Cost or Market Value Whichever is LowerThere is No Closing StockAt 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

MercantileCash ACCOUNTINGMETHOD

Nil PERSONALEXPENSESNil. 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 onlyNot Applicable

Yes TDSYes, Except Enumerated Below

YesNo CARONilNot Applicable

YesNo CAROAPP

*Please enter the relevant code pertaining to the main area of your business activity. The codes are as follows :Sector Sub-Sector Code

(1) Manufacturing Industry Agro-based industries 0101Automobile and Auto parts 0102Cement 0103Diamond cutting 0104Drugs and Pharmaceuticals 0105Electronics including Computer Hardware 0106Engineering goods 0107Fertilizers, Chemicals, Paints 0108Flour & Rice Mills 0109Food Processing Units 0110Marble & Granite 0111Paper 0112Petroleum and Petrochemicals 0113Power and energy 0114Printing & Publishing 0115Rubber 0116Steel 0117Sugar 0118Tea, Coffee 0119Textiles, Handloom, Powerlooms 0120Tobacco 0121Tyre 0122Vanaspati & Edible Oils 0123Others 0124(2) Trading Chain stores 0201Retailers 0202Wholesalers 0203Others 0204(3) Commission Agents General Commission Agents 0301(4) Builders Builders 0401Estate agents 0402Property Developers 0403Others 0404(5) Contractors Civil Contractors 0501Excise Contractors 0502Forest Contractors 0503Mining Contractors 0504Others 0505(6) Professionals Chartered Accountants, Auditors, etc. 0601

Fashion designers 0602Legal professionals 0603Medical professionals 0604Nursing Homes 0605Specialty hospitals 0606Others 0607(7) Service Sector Advertisement agencies 0701Beauty Parlours 0702Consultancy services 0703Courier Agencies 0704Computer training/educational and coaching institutes 0705Forex Dealers 0706Hospitality services 0707Hotels 0708I.T. enabled services, BPO service providers 0709Security agencies 0710Software development agencies 0711Transporters 0712Travel agents, tour operators 0713Others 0714(8) Financial Service Sector Banking Companies 0801Chit Funds 0802Financial Institutions 0803Financial service providers 0804Leasing Companies 0805Money Lenders 0806Non-Banking Financial Companies 0807Share Brokers, Sub-brokers, etc. 0808Others 0809(9) Entertainment Industry Cable T.V. productions 0901Film distribution 0902Film laboratories 0903Motion Picture Producers 0904Television Channels 0905Others 0906

1. Short title, application and commencement. – (1) This order may be called the Companies (Auditor’sReport) 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 notaccepted any public deposit and does not have loan outstanding ten lakh rupees or more from any bankor 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.

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


*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

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


Documents

Tax audit form