The
15 year old format of Form 3CD with standard 32 questions now changed to
41 and following the new disclosures in the Revised Form 3CD.
01.
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
02.
Whether any audit was conducted under
section 72A of the Finance Act,1994 in relation to valuation of taxable
services, Finance Act,1994 in relation to valuation of taxable services, if
yes, give the details, if any, of disqualification or disagreement on any
matter/item/value/quantity as may be reported/identified by the auditor
03.
Whether any audit was conducted under
the Central Excise Act, 1944, if yes, give the details, if any, of
disqualification or disagreement on any matter/item/value/quantity as may be
reported/identified by the auditor
04.
(a) Whether the assessee is required to
deduct or collect tax as per the provisions of Chapter XVII-B or Chapter
XVII-BB, if yes please furnish:
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Tax
deduction and collection Account Number (TAN)
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Section
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Nature
of payment
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Total
amount of payment or receipt of the nature specified in column (3)
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Total
amount on which tax was required to be deducted or collected out of (4)
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Total
amount on which tax was deducted or collected at specified rate out of (5)
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Amount
of tax deducted or collected out of (6)
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Total
amount on which tax was deducted or collected at less than specified rate out
of (7)
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Amount
of tax deducted or collected on (8)
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Amount
of tax deducted or collected not deposited to the credit of the Central
Government out of (6) and (8)
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(1)
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(2)
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(3)
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(4)
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(5)
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(6)
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(7)
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(8)
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(9)
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(10)
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(b)
whether the assessee has furnished the statement of tax deducted or tax
collected within the prescribed time. If not, please furnish the details:
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Tax
deduction and collection Account Number (TAN)
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Type
of Form
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Due
date for furnishing
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Date
of furnishing, if furnished
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Whether
the statement of tax deducted or collected contains information about all
transactions which are required to be reported
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(c)
whether the assessee is liable to pay interest under section 201(1A) or section
206C(7). If yes, please furnish:
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Tax
deduction and collection Account Number (TAN)
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Amount
of interest under section 201(1A)/206C(7) is payable
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Amount
paid out of column (2) along with date of payment.
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05.
Section-wise details
of deductions, if any, admissible under Chapter VIA or Chapter III (Section
10A, Section 10AA).
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Section
under which deduction is claimed
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Amounts
admissible as per the provision of the Income Tax Act, 1961 and fulfils the
conditions, if any, specified under the relevant provisions of Income Tax
Act, 1961 or Income Tax Rules,1962 or any other guidelines, circular, etc,
issued in this behalf.
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06.
(a) Details of
brought forward loss or depreciation allowance, in the following manner, to the
extent available :
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Serial
Number
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Assessment
Year
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Nature
of loss / allowance (in rupees)
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Amount
as returned (in rupees)
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Amounts
as assessed (give reference to relevant order)
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Remarks
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(b) 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.
(c) Whether the assessee has incurred
any speculation loss referred to in section 73 during the previous year, If
yes, please furnish the details of the same.
(d) whether the assessee has incurred
any loss referred to in section 73A in respect of any specified business during
the previous year, if yes, please furnish details of the same.
(e) In case of a company, please state
that whether the company is deemed to be carrying on a speculation business as
referred in explanation to section 73, if yes, please furnish the details of
speculation loss if any incurred during the previous year.
07.
Whether during the
previous year the assessee received any consideration for issue of shares which
exceeds the fair market value of the shares as referred to in section
56(2)(viib), if yes, please furnish the details of the same.
08.
Whether during the previous year the
assessee has received any property, being share of a 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.
09.
(a) Please furnish the details of
amounts debited to the profit and loss account, being in the nature of capital,
personal, advertisement expenditure etc
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Nature
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Serial
number
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Particulars
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Amount
in Rs.
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Expenditure
incurred at clubs being cost for club services and facilities used.
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Expenditure
by way of penalty or fine for violation of any law for the time being force
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Expenditure
by way of any other penalty or fine not covered above
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Expenditure
incurred for any purpose which is an offence or which is prohibited by law
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(b)
Amounts inadmissible under section 40(a):-
(i)
as payment to non-resident referred to in sub-clause (i)
(A)
Details of payment on which tax is not deducted:
(I)
date of payment
(II)
amount of payment
(III)
nature of payment
(IV)
name and address of the 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)
(I)
date of payment
(II)
amount of payment
(III)
nature of payment
(IV)
name and address of the payee
(V)
amount of tax deducted
(ii)
as payment referred to in sub-clause (ia)
(A)
Details of payment on which tax is not deducted:
(I)
date of payment
(II)
amount of payment
(III)
nature of payment
(IV)
name and address of the payee
(B)
Details of payment on which tax has been deducted but has not been
paid
on or before the due date specified in sub- section (1) of section
139.
(I)
date of payment
(II)
amount of payment
(III)
nature of payment
(IV)
name and address of the payer
(V)
amount of tax deducted
(VI)
amount out of (V) deposited, if any
(iii)
under sub-clause (ic) [Wherever applicable]
(iv)
under sub-clause (iia)
(v)
under sub-clause (iib)
(vi)
under sub-clause (iii)
(A)
date of payment
(B)
amount of payment
(C)
name and address of the payee
(vii)
under sub-clause (iv)
(viiii)
under sub-clause (v)
(c)
Amounts debited to profit and loss account being, interest, salary, bonus,
commission or remuneration inadmissible under section 40(b)/40(ba) and
computation thereof;
(d)
Disallowance/deemed income under section 40A(3):
(A)
On the basis of the examination of books of account and other relevant
documents/evidence, whether the expenditure covered under section 40A(3) read
with rule 6DD were made by account payee cheque drawn on a bank or account
payee bank draft. If not, please furnish the details:
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Serial
number
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Date
of payment
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Nature
of payment
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Amount
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Name
and Permanent Account Number of the payee, if available
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(B)
On the basis of the examination of books of account and other relevant
documents/evidence, whether the payment referred to in section 40A(3A) read
with rule 6DD were made by account payee cheque drawn on a bank or account
payee bank draft If not, please furnish the details of amount deemed to be the
profits and gains of business or profession under section 40A(3A);
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Serial
number
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Date
of payment
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Nature
of payment
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Amount
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Name
and Permanent Account Number of the payee, if available
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(e)
provision for payment of gratuity not allowable under section 40A(7);
(f)
any sum paid by the assessee as an employer not allowable under section 40A(9);
(g)
particulars of any liability of a contingent nature;
(h)
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;
(i)
amount inadmissible under the proviso to section 36(1)(iii).
10.
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:
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Details
of property
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Consideration
received or accrued
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Value
adopted or assessed or assessable
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11.
Whether the assessee
is liable to pay indirect tax like excise duty, service tax, sales tax, customs
duty,etc. if yes, please furnish the registration number or any other
identification number allotted for the same
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