DOC

FOME NO

By Edward Hicks,2014-05-17 12:56
5 views 0
Expenditure under this head should be claimed only where the work in connection with the preparation of the feasibility report or project report or

     FORM NO. 3B

    [See rule 6AB]

    Audit Report under section *35D(4)/35E(6) of the Income-tax Act, 1961

*I/We have examined the Balance Sheet(s) of M/s …………………….. as at ………………….and the

    profit and Loss Account(s) for the year(s) ended on *that /those date(s) which are in agreement with the

    books of account maintained at the head office at … *and branches at ……………………….. *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. In *my/our opinion, proper books of account have been

    kept by the head office and the branches of the abovenamed assessee visited by *me/us so far as appears

    from *my/our examination of the branches not visited by *me/us, subject to the comments given below:-

    In *my/our opinion and to the best of *my/our information and according to explanations given to *me/us,

    the said accounts given a true and fair view :-

    (i) In the case of the Balance Sheet(s) of the state of abovenamed assessee’s affairs as

    at ……………….;and

    (ii) In the case of the Profit and Loss Account(s), of the profit or loss of his accounting year(s)

    ending on ……………..

    The statement of particulars required for the purposes of the deduction under section *35D/35E is annexed

    and in *my/our opinion and to the best of *my /our information and according to explanations given to

    *me/us, these are true and correct.

    Place ……………………. …………………

    Date …………………….. Signed

     Accountant

    Note :

    1. *Delete whichever is not applicable

    2. !This report is to be gven by -------

    (i) a chartered accountant within the meaning of the Chartered Accounts Act, 1949 (38 of 1949);

    or

    (ii) any person who, in relation to any State, is, by virtue of the provisions of sub-section (2) of

    section 226 of the Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of

    companies registered in that State.

    3. Where any of the matter stated in this Report is answered in the negative or with a qualification, the

    Report shall state the reasons for the same.

    ANNEXURE TO FORM NO. 3B

    SECTION A

    STATEMENT OF PARTICULARS REQUIRED FOR THE PURPOSES OF DEDUCTION UNDER

    SECTION 35D

    1. Date of commencement of business …………………………………. 2. Where the deduction is claimed with reference to the expenditure incurred in connection with the

    extension of the industrial undertaking or the setting up of a new industrial unit, the date on which the

    extension was completed or new industrial unit commenced production or operation.

    3. Qualifying amount of expenditure:

    (a) Expenditure in connection with-----

    (i) Preparation of feasibility report Rs. ………………

    (ii) preparation of project report Rs. ………………

    (iii) Conducting market survey or any other survey necessary for the Rs. ………………

    assessee

    (iv) Engineering services relating to the business of the assessee Rs. ………………

    (b) Legal charges for drafting any agreement between the assessee and any Rs. ………………

    other person for any purpose relating to the setting up or conduct of business of

    the assessee

    TOTAL

    4. Cost of the project, i.e., actual cost of :

    (i) land and buildings (including expenditure on development) Rs. ………………

    (ii) leaseholds Rs. ………………

    (iii) plant and machinery Rs. ………………

    (iv) furniture and fittings Rs. ………………

    (v) railway sidings Rs. ………………

    TOTAL 5. Deduction claimed under section 35D Rs. ………………

     …………………..

    Place ……………… …………………… Date ……………… Signed

    Accountant

    SECTION B

    STATEMENT OF PARTICULARS REQUIRED FOR PURPOSES OF DEDUCTION UNDER SECTION

    35E

    1. Name(s) of mineral(s) or group(s) of associated minerals in respect of which operation relating to

    prospecting or development were undertaken ………………… 2. Year of commercial production

    3. Qualifying amount of expenditure :

    Year in which expenditure was Amount of expenditure (Give details)

    incurred Rs.

    1.

    2.

    3.

    4.

    5.

    Place ……………… …………………… Date ……………… Signed

    Accountant

*Where the qualifying expenditure was incurred during more than more than one year, year-wise details of

    the expenditure should be given.

    !Expenditure under this head should be claimed only where the work in connection with the preparation of

    the feasibility report or project report or conducting market survey or any other survey or engineering

    services has been approved in this behalf by the Board.

    +In case of business, the actual cost of the specified assets which are shown in the books of the assessee as

    on the last day of the previous year in which the business was commenced should be given. In a case where

    the expenses were incurred in connection with the extension of the industrial undertaking or the setting up

    of a new industrial unit, the new industrial unit commenced production or operation (in so far as such assets

    have been acquired or developed in connection with the extension of the undertaking or setting up of the

    new industrial unit) should be given.

Report this document

For any questions or suggestions please email
cust-service@docsford.com