This article discusses the important clauses of Form 3CD”

2

 Address Address is to be mentioned here which has been communicated by the assessee to the Income Tax Department for assessment purpose.

8

 Indicate the relevant clause of section 44 AB under which under which the audit has been conducted Mention: 44AB(a): in case of business ,if total sales, turnover or gross receipts exceed Rs.1 cr in previous year.
44AB(b): in case of profession: if gross receipts exceed Rs. 50 lakh in previous year.
44AB(c)(i): if Profits and Gains lower than deemed profit u/s44AE
44AB(c)(ii):if Profits and Gains lower than deemed profit u/s 44BB
44AB(c)(iii):if Profits and Gains lower than deemed profit u/s 44BBB
44AB(d): if Profits and Gains lower than deemed profit u/s 44ADA and total income exceeds the maximum amount which is not chargeable to income-tax in any previous year.
44AB(e): When provisions of section 44AD(4) are applicable and total income exceeds the maximum amount which is not chargeable to income-tax in any previous year.
11 (a) Whether books of account are prescribed under section 44AA, if yes, list of books so prescribed. Applicable for assessee carrying on specified profession Medical, Legal, Engineering, Architect etc.) whose gross receipts >150000 in all 3 years immediately preceding P.Y. Books of accounts so prescribed also needs to be mentioned.
(b) List of books of account maintained and address at which books of accounts are kept. Applicable to all assessee carrying on business or profession and mention the address where and which books of accounts are kept.
(In case books of account are maintained in a computer system, mention the books of account generated by such computer system .If the books of accounts are  not kept at one location, please furnish the addresses of locations along with  the details of books of accounts maintained at each location)
12 Whether the profit and loss account includes any profits and gains assessable on presumptive basis, if yes, indicate the amount and the relevant section (44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, Chapter XII-G, First Schedule or any other relevant section). Please mention If profit on presumptive basis included in P &L A/c. If profit is directly included in Capital A/c, no need to mention here.
Section          Business covered
44AD             Eligible business
44AE              Transport business
44AF              Not relevant
44B                Shipping business(non-resident)
44BB              Providing service or facilities in connection with, or supplying plant and machinery on hire used, or to be used, in the prospecting for, or extraction or Production of, mineral oils.
44BBA           Operation of aircraft by non-resident
44BBB           Civil construction etc. in certain turnkey power project by non-residents.
Chapter XII-G  Special provisions relating to Shipping Companies(Section 115V to 115VT)
First Schedule       Insurance Business
Any Other Relevant Section: This refers to the sections not listed above under which income may be assessable on presumptive basis like section 44D and section 115A(1)(b) and will include any other section that may be enacted in future for presumptive taxation
13 (e) Whether any adjustment is required to be made to the profits or loss for complying with the provisions of income computation and disclosures standards(ICDS)
Notified under section 145(2)		 ICDS-wise reporting of the adjustments made in profit or loss for ICDS compliance, showing clearly increase/ decrease in profits as well as the overall net effect of such adjustments.
(f) Disclosure as per ICDS Reporting of the ICDS-wise disclosures. Here are certain draft disclosures which can be used and amended as per the requirement of person under tax audit. ICDS Disclosures can be read here:
14 (a) Method of valuation of closing stock employed in the previous year. NRV is Net Realizable Value.
Inventories are valued at Cost or NRV(Net Realizable Value )whichever is lower :Determination of Method:-
-Weighted Average or
-First In First OutTechniques of Valuation:-
-Specific Identification method or
-Standard Costing Method or
-Retail Price Method
(b) In case of deviation from the method of valuation prescribed under section 145A, and the effect thereof on the profit or loss Inventory has been valued as per exclusive method however as per the Guidance Note on Tax Audit (issued by ICAI), even we can value the inventory on Inclusive Method basis, the same will be tax neutral.
Under Inclusive method, Any tax, duty or fee paid on purchase or inventory or on sale of goods or services should be added.
But as per ICAI Tax Audit Guidance Note (Revised 2014) Para 28, the impact of following exclusive method or inclusive method would not impact profits of the entity.
Total amount of inventory with bifurcation
· Raw Material
· WIP
· Finished Goods
· Spares
(Note No. of financial statement may also be referred )
16 Amounts not credited to the profit and loss account, being –
(a) The items falling within the scope of section 28; Related to income chargeable under PGBP.
(b) The proforma credits, drawbacks, refund of duty, customs or excise or service tax or VAT or Goods & Service tax. Reporting of these items only if admitted as due by the concerned authorities.
17 Where any land or building or both is transferred during the previous year for a consideration less than value adopted or assessed or assessable by any authority of a State Government referred to in section 43CA or 50C, Please furnish the details of property, consideration received or accrued, value adopted or assessed or assessable. Section 43 CA is applicable where land or building or both are stock in trade for Seller. Section 50C is applicable where land or building or both are Capital Assets for Seller.
Details of consideration received/receivable and the stamp duty value are to be reported under the clause. An assesse may claim that the stamp duty value exceeds the fair market value (i.e. at which the transaction has taken place), yet in this clause the details are required and such claim may be made before the assessing officer as per section 50C (2).
18 Particulars of depreciation allowable as per the Income-tax Act, 1961 (a) Description of asset/block of assets.
(b) Rate of depreciation.
(c) Actual cost or written down value, as the case may be.
(d) Additions/Deductions during the year with dates
(e) Depreciation allowable.
(f) Written down value at the end of the year.
19 Amounts admissible under sections- Amount of Various Deduction claimed under these sections are debited to Profit & Loss A/c. Here Amount admissible as deduction is to be given. The relevant sections are as follows:
32AC Investment in New Plant & Machinery
32AD Investment in new plant or machinery in notified backward areas in certain States.
33AB Tea/Coffee/Rubber Development A/c
33ABA Site restoration fund
35(1)(i) Revenue Expenditure on Scientific Research (Research is carried by assessee himself for his business).
35(1)(ii) Amount paid to an approved scientific Research Association or to a approved university or college or other institute for scientific research whether related to business or not)
35(1)(iia) Amount paid to an approved scientific research company
35(1)(iii) Amount paid to an approved university or college or other institute for research in social science or statistical research whether related to business or not)
35(1)(iv) Expenditure of capital nature on scientific nature (except land) related to business of Assessee.
35(2AA) Amount paid to National laboratory ,university, indian institute of technology or to a specified person as approved by prescribed authority with a direction that amount will be used only for scientific research related to business of the assessee.
35(2AB) Expenses on in-house research and development by a company
35ABB Amortisation of Telecom licence fees
35AC Expenditure on eligible projects or schemes
35AD Deduction in respect of expenditure on specified business
35CCA Expenditure by way of payment to Associations and institutions for carrying out rural development programmes.
35CCB Expenditure by way of payment to associations and institutions carrying out programmes of conversation of nature resources (not applicable from A.Y. 2002-03).
35CCC Expenditure on agricultural extension project notified by the board
35CCD Expenditure incurred by a company on any skill development project notified by the board
35D Amortisation of preliminary expenditure
35DD Amortisation of expenditure in case of amalgamation/demerger
35DDA Amortisation of expenses under Voluntary retirement scheme
35E Expenditure on prospecting etc. for development of certain minerals
20 (a) Any sum paid to an employee as bonus or commission for services rendered, where such sum was otherwise payable to him as profits or dividend.
[Section 36(1)(ii)]		 Amount paid by a person to its employee as bonus or commission is not deductible under Income tax Act if such amount is originally to be paid as dividend.
(b) Details of contributions received from employees for various funds referred to in section 36(1)(va) Furnish details of any sum received from the employees towards the contribution to:
(i) Serial number a) Provident Fund
(ii) Nature of Fund b) ESI Fund
(iii) Sum received from Employees c) Superannuation Fund
(iv) Due Date for Payment d) Any other fund for the welfare of employees.
(v) The actual amount paid Furnish details of due date of payment and actual dates of payment.
(vi) The actual date of payment to the concerned authorities The due date of PF Contribution and ESI Contribution is 15 days from the end of the month to which salary relates.
Section 36(i)(va) allows deduction of amount received from employees by the assessee (contribution to various funds) and such contribution must be deposited in the relevant statutory fund within due dates.
21 (a) Furnish the details of amounts debited to the profit & loss account, being in the nature of capital, personal, advertisement expenditure etc. Following expenditure are not allowed while computing net income from business:
-Capital expenditure like loss on sale of fixed assets.
-Personal expenditure
-Expenditure incurred by an assessee on
advertisement in any souvenir, brochure, tract, pamphlet or the like published by a political party is not allowed to be deducted.
-Reporting of those club expenses like entrance fee, subscription,etc which are personal in nature.
-Any penalty or fine for violation of law is inadmissible while computing income from business/profession. But any payment done for contractual breach, or which is compensatory in nature is allowed under the act.
(b) amounts inadmissible under section 40(a); apply to all assessee
(i) as payment to non-resident referred to in sub-clause (i) apply if Interest,Royalty,Fess for Technical Service or other sum (except Salary) is paid outside India to any person or in India to a non-resident.
(A) Details of payment on which tax is not deducted: give details regarding Date of payment, amount and nature of payment and name and address of payee
(B) Details of payment on which tax has been deducted but has not been paid during the previous year or in the subsequent year before the expiry of time prescribed under section 200(1) TDS should be deposited within 7 days from the end of month in which TDS is deducted and for month of march, date is 30th April . If not deposited on time than give details regarding Date of payment, amount and nature of payment and name and address of payee, amount of TDS deducted.
(ii) as payment referred to in sub-clause (ia) apply if Interest, Commission or Brokerage, Fess for Technical Service, Fees for Professional Services, rent, royalty or payment to contractors/sub-contractors is paid to a resident in India.
(A) Details of payment on which tax is not deducted: give details regarding Date of payment, amount and nature of payment and name and address of payee
(B) Details of payment on which tax has been deducted but has not been paid on or before the due date specified u/s 139(1) Section 139(1) is related to Income Tax Return. If TDS is not deposited before due date of income tax return give details regarding Date of payment, amount and nature of payment and name and address of payee, amount of TDS deducted and deposited if any.
(iii) as payment referred to in sub-clause (ib) Payment of consideration for services paid to non-residents on which equalisation levy is applicable.
(A) Details of payment on which tax is not deducted: give details regarding Date of payment, amount and nature of payment and name and address of payee
(B) Details of payment on which levy has been deducted but has not been paid on or before the due date specified u/s 139(1) Section 139(1) is related to Income Tax Return. if levy is not deposited before due date of income tax return give details regarding Date of payment, amount and nature of payment and name and address of payee, amount of levy deducted and deposited if any.
(iv) under sub-clause (ic)
[Wherever applicable]		 Payment of Fringe Benefit Tax(FBT).
(v) under sub-clause (iia) Payment of Wealth Tax.
(vi) under sub-clause (iib) Any amount paid by way of royalty, licence fee, service fee, privilege fee, service charge or any other fee or charge, by whatever named called, which is levied exclusively on or which is appropriated directly or indirectly from a State Government undertaking by a State Government
(vii) under sub-clause (iii) apply if salary is paid outside india to any person or in india to a non-resident without TDS,Give details regarding date of payment, amount of payment, name and address of payee
(viii) under sub-clause (iv) any payment to PF or other fund established for the benefit of employees of the assessee unless the assessee has made effective arrangements to secure that tax shall be deducted at source from any payments made from the fund which are chargeable to tax under the head “Salaries”
(ix) under sub-clause (v) Tax on non-monetary perquisites paid by the employer
(c) interest, salary, bonus, commission or remuneration inadmissible under    section40(b)/40(ba) and computation thereof; Deals with payment to partner (40(b))/member of AOP/BOI (40(ba)).
Interest, salary, bonus, commission or remuneration are not allowed as expenditure if :- These payments are not in accordance with term and conditions of partnership deed.- Remuneration not calculated as per limits specified under this section.
Following are the limits:
a) on the first Rs. 3,00,000 of the book-profit or in case of a loss- Rs. 1,50,000 or at the rate of 90 % of the book-profit, whichever is more;
b) on the balance of the book-profit- at the rate of 60 %
– Any payment related to a period before date of such partnership deed
– Interest rate exceeds simple interest rate @ 12%
(d) Disallowance / Deemed Income under section 40A(3): Sec 40A(3) is applicable where expenditure exceeding Rs 10000 in cash (Rs.35000 in case of transport) is Dr. in P&L A/c & Sec 40A(3A) is applicable where deduction has been claimed in earlier year on due basis and payment is made in current year exceeding Rs. 10000 in cash. However exception under Rule 6DD has been given where payment exceeding Rs. 10000(35000) is allowed even if paid in cash. In short , expenditure exceeding Rs. 10000 should be paid by account payee cheques or account payee draft. if not paid by account payee cheques or account payee draft then give details about date of payment, nature of payment, amount of payment and name and PAN of payee, if available.
(e) Provisions for Payment of gratuity not allowable under section 40A(7) Applicable on provisions of gratuity on retirement or termination. If not paid, then gratuity amount not allowed as expenditure.
(f) any sum paid by  the  assessee as an employer  not  allowable under section 40A(9) TThe sum paid by the assessee as an employer towards setting up or formation or contribution to any fund, trust, company, AOP, BOI, Society, etc. for any purpose will not be allowed other than ;
Recognised provident fund
Any PF for exemption is withdrawn by CIT.
Recognised gratuity fund
New Pension Scheme
Recognised superannuation fund
As required by or under any other law.
(g) Particular of any liability contingent in nature. Contingent Liabilities are not allowed as expenditure.
(h) Amount of deduction inadmissible under section 14A. As per Section 14A no deduction of any expense is allowed which is incurred in relation to income exempt under Act.
Amount disallowable can be calculated as per rule 8D.
(i) amount inadmissible under the proviso to section 36(1)(iii). Deals with interest on borrowed capital for acquisition of assets. The Interest expense for the period from acquisition of assets to put to use shall not be allowed as deduction (means the interest expense will be capitalised.)
This provision is in line with ICDS IX(Borrowing Costs)
22 Amount of interest inadmissible u/s 23 of the MSME Development Act,2006 Any Interest for delayed payment to a MSME is not allowed as deduction while calculating income from business/profession.
23 Particulars of payments made to persons specified under section 40A(2)(b). Payment to relative in excess of fair market value of goods & services is disallowed.Details of Related person, PAN, Relation, Nature of Transaction and Mode of payment to be mentioned.
24 Amounts deemed to be profits and gains under section 32AC, 32AD, 33AB or 33ABA or 33AC. These sections relates to Investment in New Plant & Machinery, Tea, Coffee, Rubber Development and Site Restoration Fund. Under these sections, amount is to be invested in new plant & machinery or to be deposited in specified account. The withdrawal from above account is to be utilized for specified purpose. If not so utilised or new plant & machinery is sold before the lock in period, it shall be deemed income in that year. Section 32AC is not applicable from A.Y. 2018-19.
25 Any amount of profit chargeable to tax under section 41 and computation thereof. Sec41(1):If any deduction/allowance related to any loss, expenditure, trading liability was claimed in any assessment year but subsequently recovered, than it will be business income
Sec41(2): any assets sold by power generation or generation and distribution units.
Sec41(3)applicable on sale of asset used for scientific research without being used other than purposes
Sec41(4) applicable on bad debts recovery.
Where a deduction has been allowed in respect of a bad debt or part of debt , then, if the amount subsequently recovered on any such debt or part is greater than the difference between the debt or part of debt and the amount so allowed, the excess shall be deemed to be profits and gains of business or profession, and accordingly chargeable to income-tax as the income of the previous year in which it is recovered.
Here it is irrelevant whether the business or profession in respect of which the deduction has been allowed is in existence in that year or not.
Sec41(5) recovery after discontinuance of business
26 In respect of any sum referred to in clause (a),(b),(c),(d),(e) ,(f) or (g) 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 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);
(b) not paid on or before the aforesaid date.
(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).		 It covers amount payable as tax ,duty(sales tax, VAT, service tax, excise duty, GST, property tax), cess or fee, employer’s contribution to PF or any other fund for welfare of employee, bonus or commission, interest on loan,any sum payable by employer in lieu of leave and sum payable by the assessee to the Indian Railways for the use of railway assets.
Deduction is allowed on actual payment basis. It means if above liability incurred for a previous year and payment have been done till the due date of filing of Income Tax Return under section 139(1),then such expenditure is allowed in that previous year only.
If payment is done after due date of ITR filing, then expenditure is allowed in the year in which payment is made.
27 (a) Amount of CENVAT/ ITC availed or utilised during previous year & its treatment in profit & loss. Opening Balance of ITC
+ Credit Availed
– Credit utilised
Closing Balance of ITC
(b) Particulars of Income or expenditure of prior period item credited or debited in profit & loss. Details of such prior period items to be reported in the relevant previous year.
28 Whether during the previous year the assessee has received  any property, being share of company not being a company in which the public are substantially interested, without consideration or for inadequate consideration as referred to in section 56(2)(viia), if yes, please furnish the details of the same. Provisions of section 56(2)(viia) are not applicable w.e.f. AY 2018-19.
29 Whether during the previous year the assessee received  any consideration for issue of shares which exceeds the fair market value of shares as referred to in section 56(2)(viib),if yes please furnish the details of the same. Section 56(2)(viib) is applicable to a closely held company (in which public is not interested) which has issued shares to a resident person for a consideration exceeding fair market value of shares, then such excess consideration is taxable as Income.
Here details to be given for such shares, Name & PAN of person to whom shares issued, Amount of consideration received, FMV of shares, etc
29A Whether any amount is to be included as income chargeable under the head ‘income from other
sources’ as referred to in clause (ix) of sub-section (2) of section 56?		 Section 56(2)(ix) relates to forfeited advance received for transfer of capital asset which is considered as income under IT Act.
29B Whether any amount is to be included as income chargeable under the head ‘income from other
sources’ as referred to in clause (x) of sub-section (2) of section 56		 If any person receives following amount , these are to be considered as income of such person:

a) Any amount received in excess of Rs.50000.
b) Any immovable property:

1) Without consideration, the stamp duty value of which exceeds Rs. 50000, the stamp duty value of such property.
2) For a consideration, stamp duty value of which exceeds such consideration and such excess is more than higher of following:

i) Rs.50000
ii) The amount equal to 5% of consideration.
c) Any property other than immovable property:
i) Without consideration, FMV of such property exceeds Rs. 50000, the whole of FMV of such property.
ii) For a consideration, and fair market value of which exceeds such consideration and such excees is more than Rs. 50000, The FMV of such property exceeds such consideration.

This clause is not applicable on amount received from following persons:

(I) from any relative; or
(II) on the occasion of the marriage of the individual; or
(III) under a will or by way of inheritance; or
(IV) in contemplation of death of the payer or donor, as the case may be; or
(V) from any local authority
(VI) from any fund or foundation or university or other educational institution or hospital or other medical institution or any trust or institution referred to in clause (23C) of section 10; or
(VII) from or by any trust or institution registered under section 12A or section 12AA; or
(VIII) by any fund or trust or institution or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10; or
(IX) by way of transaction not regarded as transfer under clause (i) or [clause (iv) or clause (v) or] clause (vi) or clause (via) or clause (viaa) or clause (vib) or clause (vic) or clause (vica) or clause (vicb) or clause (vid) or clause (vii) of section 47; or
(X) from an individual by a trust created or established solely for the benefit of relative of the individual.
(XI) from such class of persons and subject to such conditions, as may be prescribed.
31 (a) Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year:- As per section 269SS, Amount of loan taken or accepted during the previous year for Rs .20000/-or more only through account payee cheque or account payee draft. No other mode is allowed.
Details of such loan are to be given here which exceeds Rs. 20000 from each lender or depositor.
(b) Particulars of each repayment of loan or deposit in an amount exceeding the limit specified in section 269T made during the previous year :- “specified sum” means any sum of money receivable, whether as advance or otherwise, in relation to transfer of an immovable property, whether or not the transfer takes place.
Details of such specified sum are to be given here which exceeds Rs. 20000 from each person.
b(a) Particulars of each receipt in an amount exceeding the limit
specified in section 269ST, in aggregate from a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasion from a person, during the previous year, where such receipt is otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account		 As per Section 269ST, No person shall receive an amount of Rs.200000/- or more-
(a) in aggregate from a person in a day; or
(b) in respect of a single transaction; or
(c) in respect of transactions relating to one event or occasion from a person,
Otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:
But provisions of this section shall not apply to—
(i) any receipt by—
(a) Government;
(b) any banking company, post office savings bank or co-operative bank;
(ii) transactions of the nature referred to in section 269SS;
(iii) such other persons or class of persons or receipts, which the Central Government may, by notification in the Official Gazette, specify.
Details here are to be given for such receipts only if mode of payment is cash.
b(b) Particulars of each receipt in an amount exceeding the limit
specified in section 269ST , in aggregate from a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasions from a person, received by a cheque or bank draft, not being an account payee cheque or an account payee bank draft, during the previous year		 Details here are to be given for such receipts only if mode of payment is cheque or bank draft but not an account payee cheque or an account payee bank draft.
b(c) Particulars of each payment in an amount exceeding the limit specified in section 269ST, in aggregate to a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasion to a person, during the previous year, where such payment is otherwise than by a cheque or bank draft or use of electronic
clearing system through a bank account		 Details here are to be given for such payments only if mode of payment is cash.
Under section 271DA, penalty is only on the receiver for contravention of section 269ST and not on the person who is making payment. But reporting has to be done under this clause.
b(d) Particulars of each payment in an amount exceeding the limit
specified in section 269ST , in aggregate to a person in a day or in respect of a single transaction or in respect of transactions relating to one event or occasions to a person, paid by a cheque or bank draft, not being an account payee cheque or an account payee bank draft, during the
previous year
(Particulars at (ba), (bb), (bc) and (bd) need not be given in the case of receipt by or payment to a Government company, a banking company, a post office saving bank, a cooperative bank or in the case of transactions referred to in section 269SS or in the case of persons referred to in Notification No. S.O. 2065(E) dated 3rd July, 2017)		 Details here are to be given for such payments only if mode of payment is cheque or bank draft but not an account payee cheque or an account payee bank draft.
(c) Particulars of each repayment of loan or deposit or any specified advance in an amount exceeding the limit specified in section 269T made during the previous year As per section 269T, Repayment of loan, deposit or specified advance during the previous year for Rs .20000/-or more can be only through account payee cheque or account payee draft. No other mode is allowed.
Details of such repayment of loan, deposit or specified advance are to be given here which exceeds Rs. 20000 to each lender or depositor.
(d) Particulars of repayment of loan or deposit or any specified advance in an amount exceeding the limit specified in section 269T received otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account during the previous year Repayment of Loan during the previous year for Rs .20000/-or more.
(e) Particulars of repayment of loan or deposit or any specified advance in an amount exceeding the limit specified in section 269T received by a cheque or bank draft which is not an account payee cheque or account payee bank draft during the previous year.
(Particulars at (c), (d) and (e) need not be given in case of repayment of any loan or deposit or specified advance taken or accepted from Government, a Government company, a banking company or a corporation established by a Central, State or Provincial Act.)		 Details of such repayment of loan, deposit or specified advance are to be given here which exceeds Rs. 20000 to each lender or depositor when originally received by a cheque/draft which is not an account payee cheque or account payee bank draft during the previous year.
33 Section-wise details of deductions, if any, admissible under Chapter VIA or Chapter III(Section 10A,Section 10AA). Chapter VIA covers deduction from 80C to 80U.Chapter III relates to Income which do not form part of total income but here reporting is given only exemption claimed u/s 10A & 10AA.Here under clause 33 reporting of deduction is to be done for those which is appearing in the books of accounts.
34 (a) Whether the assessee is required to deduct or collect tax as per provisions of Chapter XVII-B or Chapter XVII-BB. if yes, please furnish: if Assessee is required to deduct TDS or TCS then give details.
(i) TAN
(ii) Section
(iii) Nature of Payment
(iv) Total amount of payment or receipt of the nature specified in column (3)
(v) Total amount on which tax was required to be deducted or collected out of (4)
(vi) Total amount on which tax was deducted or collected at specified rate out of (5)
(vii) Amount of tax deducted or collected out of (6)
(viii) Total amount on which tax was deducted or coll. at less than specified rate out of (7)*
(ix) Amount of tax deducted or collected on (8)
(x) Amount of tax deducted or collected not deposited to the credit of CG out of (6)** and (8)*** *Should be read as 5 ** read as 7 & ***read as 9 as per guidance notes
(b) whether the assessee has furnished the statement of tax deducted or tax collected within the prescribed time . If not, please furnish the details: In this clause reporting is to be done for liability of assessee to furnish TDS return even if return is not filed at all.
(i) TAN if form24/24G/ 24Q/26/26A/26B/26Q/26EQ is not furnished within time than give details. Due Date for first three quarter is on or before 15th July, 15th Oct, 15th January and 31st May for last quarter.
(ii) Type of Form
(iii) Due date for furnishing
(iv) Date for furnishing, if furnished
(v) Whether the statement of tax deducted or collected contains information about all transactions which was required to be reported
(c) whether the assessee is liable to pay interest u/s  201(1A)  or section 206C(7),if yes, please furnish: Section 201(1A) or 206C(7) specify the rate of interest in case TDS/TCS has not been deducted/Collected or has been deducted/Collected but not paid with in time. if according to the assessee there is difference in the amount of interest then auditor may re-calculate the amount of interest up to the date of audit report for reporting here and also mention the fact in his observations paragraph provided in Form 3CA/3CB.
(i) TAN
(ii) Amount of interest under section 201(1A) / 206C(7) is payable
(iii) Amount paid out of column (2) along with date of payment.
36 In the case  of a  domestic  company, details  of tax on distributed profits u/s 115-O in the following form: Section 115-O is related to Dividend Distribution Tax (DDT).Amount of Dividend calculated under 115O(1) will be reduced by 115O(1A)(i) & 115O(1A)(ii).
(a) total amount of distributed profits
(b) amount of reduction as referred to in section 115-O(1A)(i) SSection 115-O(1A)(i) Dividend received by any Holding Company from its Subsidiary Company on which DDT has been paid by Subsidiary Co.
(c) amount of reduction as referred to in section 115-O(1A)(ii); SSection 115-O(1A)(ii) Dividend paid to any person for or on behalf of the New Pension System Trust is not liable for DDT.
(d) total tax paid thereon;
(e) dates of payment with amounts.
36A Whether the assesee has received any amount in the nature of dividend as referred to in sub-clause(e) of clause (22) of section 2? Section 2(22)(e) deals with “dividend” to include any payment by a company, not being a company in which the public are substantially interested, of any sum (whether as representing a part of the assets of the company or otherwise) made after the 31st day of May, 1987, by way of advance or loan to a shareholder, being a person who is the beneficial owner of shares (not being shares entitled to a fixed rate of dividend whether with or without a right to participate in profits) holding not less than ten per cent of the voting power, or to any concern in which such shareholder is a member or a partner and in which he has a substantial interest (hereafter in this clause referred to as the said concern) or any payment by any such company on behalf, or for the individual benefit, of any such shareholder, to the extent to which the company in either case possesses accumulated profits
37/38/39 Whether any cost audit/audit under central excise act,1944/audit under section 72 of the Finance Act,1994 in relation to valuation of taxable services was conducted. if yes, give details, if any, of disqualification or disagreement on any matter/item/value/quantity as may be reported/identified by the auditor The Tax auditor should ascertain from the management whether cost audit or central excise audit/service tax audit was conducted or not. if yes then give details of only disqualification mention in the report, he is not required to give his opinion. In case where cost/excise/service tax audit was not completed up to the date of Tax audit report then mention that audit is not completed and audit report is not available with the assessee.
40 Details regarding turnover, gross profit, etc., for the previous year and preceding previous year Details to be furnished for the principal items of the goods traded/manufactured or services rendered. All ratio is to be calculated only in the terms of the value. Details of the preceding previous year (PPY) will be given only if there was audit in PPY.

3

 Net Profit/Turnover Net Profit will be taken before Tax.

4

 Stock-in-trade/Turnover; (c)For calculation of stock in trade only closing stock of finished goods will be taken (stock of spare parts, loose tools and store will not be taken).

5

 Material consumed/Finished goods produced (d) it is not applicable on trading concern or service provider. Material consumed: Raw material, Spare parts, Loose  Tools, Stores will be taken
Value of Finished goods produced will be calculated as below:-
Raw material consumed
Add: Store & spare parts consumed
Wages
Manufacturing Exp (excluding Depreciation)
Sub Total
Add:-  Opening Stock in Process
Less:  Closing Stock in Process
Value of Finished goods produced.

41

 Please furnish the details of demand raised or refund issued during the previous year under any tax laws other than Income Tax Act, 1961 and Wealth Tax Act, 1957 along with details of relevant proceedings. GGive details of Demand or refund order issued under any tax laws other than Income Tax or Wealth Tax during the previous year but it may be related to the PPY.

42

 Whether the assessee is required to furnish statement in Form No.61 or Form No.61A or Form 61B These forms relate to Statement for information received in Form 60 and reporting of such information through these forms.
Here details are to be given like type of form, due date of furnishing, date of furnishing, and all information has been reported through form 61, 61A or 61B.
In case of any pending information, such information can be reported in this clause.
Form61- When assessee has entered into transaction specified in rule 114B like Sale / Purchase of Motor Vehicle or Vehicle, Sale / Purchase of Immovable Property,etc with a person who did not have any PAN then assessee has to submit form 61 containing all information as mentioned in declaration received in form 60 from such person.
Form 61A-Statement of specified financial transactions (SFT) –reporting of financial transaction mentioned in rule 114E annually before 31st may of next financial year.
In case of Receipt from a person aggregating > Rs. 10
Lacs in a FY for acquiring shares (including
share application money) issued by co.-in this case company has to report in Form 61A.
Form 61B- Statement of Reportable Accounts-Reporting in form 61B requires for implementation of FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard). Rule 114F, 114G and 114H are to be referred for this reporting. Reporting financial institution needs to review financial accounts held with it by applying due diligence procedure to identify whether any financial account is a reportable account. When a Reporting Entity identifies reportable accounts, information about such accounts is to be filed in form 61B for the calendar year before 31st of May of next calendar year. Custodial Institution, Depository Institution, Investment entities, Specified Insurance companies are Reporting financial institutions.

43

 Whether the assessee or its parent entity or alternate reporting entity is liable to furnish
the report as referred to in sub-section (2) of section 286		 Section 286(2) relates to Country by country reporting

44

 Break-up of total expenditure of entities registered or not registered under the GST Information includes:
• Total Expenditure incurred during the year.
• Expenditure in respect of registered entities under GST.
• Expenditure in respect of unregistered entities.