Under Section 44AB of the Income Tax Act, businesses or professionals exceeding specified turnover or gross receipts thresholds are required to undergo a tax audit. As part of this audit, two key forms are filed with the Income Tax Department – Form 3CA and Form 3CD. At AAR TAX INDIA, we provide end-to-end assistance in preparing and filing these forms accurately, ensuring full compliance and minimizing the risk of penalties.
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Form 3CA is used when the accounts of a business are already audited under any other law (e.g., Companies Act). This form is a tax auditor’s report, certifying that the audit under another law has been conducted and confirming the details from a tax perspective.
Form 3CD is a detailed statement of particulars required under Rule 6G. It includes critical financial and tax-related data such as:
Nature of business
Details of payments and loans
TDS compliance
Depreciation
GST and indirect tax details
Related party transactions
Expenses disallowed under tax law
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These forms must be certified and filed by a Chartered Accountant only.
The penalty can be 0.5% of turnover or up to ₹1,50,000, whichever is lower, under Section 271B.
Form 3CA is used when accounts are already audited under another law. Form 3CB is used when there is no other mandatory audit.
Once you provide the required documents, it typically takes 5–10 working days for completion and filing.