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FORM NO. 3CD See rule 6G(2) Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961 PART A 1. Name of the assessed : 2. Address : 3. Permanent Account Number

How to fill out form no 3cd

How to fill out form no 3cd:

1. Start by providing the relevant details in the header section of the form. This includes filling in the name, address, and PAN (Permanent Account Number) of the taxpayer.
2. Proceed to fill in the assessment year for which the form is being filled out.
3. In section A, provide information regarding the assessee, such as their designation, address, and PAN.
4. Moving on to section B, provide details about the tax audit report, such as the date of report, the name of the auditor, and their membership number.
5. In section C, provide particulars of books of account, including the method of accounting used, details of accounts audited, and information about previous years' accounts.
6. Fill in section D with information on the nature of the business or profession, including the code as per the Income Tax Act and details of any changes during the year.
7. In section E, mention the particulars of quantitative details, such as opening and closing stock, raw materials consumed, and finished goods produced.
8. Proceed to fill in section F, which requires details on the ratios of gross profit, net profit, and stock turnover.
9. Provide details of specified domestic transactions, if applicable, in section G. This includes information about the related party, the nature of the transaction, and the method used to determine the arm's length price.
10. In section H, provide information about international transactions, if any. This includes details about the associated enterprise, the nature of the transaction, and the method used to determine the arm's length price.
11. Fill in section I with information on any other information required to be furnished as per the Income Tax Act.
12. Finally, complete the verification section, sign the form, and mention the date and place.

Who needs form no 3cd:

1. Taxpayers who are required to get their accounts audited under the provisions of the Income Tax Act, 1961, need to fill out form no 3cd.
2. This includes individuals, Hindu Undivided Families (HUFs), partnership firms, and companies meeting the specified criteria for tax audit.
3. Form no 3cd serves as a report of the tax audit conducted by a chartered accountant and provides crucial information to the income tax authorities for assessment purposes.
4. It helps ensure compliance with tax regulations and provides transparency in reporting financial information.
5. Additionally, form no 3cd is used to disclose various details related to the business or profession, which aids in assessing the taxpayer's tax liability accurately.

For pdfFiller’s FAQs

What is form no 3cd?

Form No. 3CD is a report that is required to be filed by certain taxpayers in India in relation to their income tax return.

Who is required to file form no 3cd?

Form No. 3CD is required to be filed by taxpayers who are subject to a tax audit under the Income Tax Act.

How to fill out form no 3cd?

Form No. 3CD is filled out by providing relevant financial information and details as per the format specified by the Income Tax Department.

What is the purpose of form no 3cd?

The purpose of Form No. 3CD is to assist in the audit of the taxpayer's income tax return and ensure compliance with tax laws.

What information must be reported on form no 3cd?

Form No. 3CD requires information regarding the taxpayer's accounting policies, profits & gains of business, tax deductions, etc.

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