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FORM
NO.3AC |
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[See rule
5AC] |
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Audit
Report under section 33AB(2) |
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PART I
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| I/We have
to report that the statutory audit of
.....................................................................................................................[name
and address of the assessee]
............................................................. was
conducted by me/us M/s.
....................................................................................
in [Permanent Account No.]
pursuance of the provisions of the
................................................... Act, and I/we annex
hereto a copy of the audit report dated .............................
along with a copy of each of the audited profit and loss account/income
and expenditure statement for the year ended on ..........................
and a copy of the audited balance sheet as at ................... along
with the documents declared by the relevant Act to be part of, or annexed
to, the profit and loss account/income and expenditure statement and the
balance sheet.
A further report as required under
the proviso to section 33AB(2) is furnished in Part III of this
Form.
In my/our opinion and to the best
of my/our information and according to the explanations given to me/us,
the particulars given in Part III of this Form are true and
correct. |
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| Place................................................ |
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| Date................................................. |
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Signature
Accountant |
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| Notes:
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1. Delete
whichever is not applicable.
2. Where any of the matters stated in this
report is answered in the negative or with a qualification, the report
shall state the reasons
therefor.
3.
This report has to be given by -
(i) a
chartered accountant within the meaning of the Chartered Accountants 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; or
(iii)
any person who is, by virtue of any other law, entitled to audit the
accounts of the assessee for the relevant previous year. |
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PART II |
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Audit report
under section 33AB(2) of the Income-tax Act, 1961 in a case where the
accounts of the business or
profession of a person have not been
audited under any other law |
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I/We have
examined the balance sheet of
..............................................................................................................................................................................
......................................
...................................................................................
[name and address of the assessee]
................................................... as at
.................................... and [Permanent Account No.] the
profit and loss account/income and expenditure statement for the year
ended on that date 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 assessee so far as appears form my/our examination of books,
subject to the comments given below :
In my/our opinion and to the best
of my/our information and according to the explanations given to me/us,
the said accounts give a true and fair view
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(i) in the case of the balance
sheet, of the state of the abovenamed assessee's affairs as at
............................................;
and
(ii) in the case of the profit
and loss account/income and expenditure statement, of the profit or the
income or loss of the
abovenamed
assessee for the accounting year ending on
...............................
The particulars required for
verification of the claim for deduction under section 33AB(2) are given in
Part III of this Form. In my/our opinion and to the best of my/our
information and according to the explanations given to me/us, the
particulars given in Part III hereof are true and correct.
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| Place.......................................... |
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| Date.......................................... |
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Signature
Accountant |
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Notes
:
1. Delete whichever is not
applicable.
2. Where any of the matters stated in this report is
answered in the negative or with a qualification, the report shall state
the reasons
therefor.
3.
This report has to be given by -
(i)
a chartered accountant within the meaning of the Chartered Accountants
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. |
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PART
III |
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| Statement of particulars relating to the claim for deduction
under section 33AB
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1. Books of
account examined
2. Method of accounting employed [Please
indicate whether there is any change from the method of accounting
employed in the
immediately preceding previous
year]. ..............
3. Whether separate accounts are
maintained in respect of business of growing and manufacturing tea in
India. ..............
4. If the answer to the item 3 above is
in the affirmative, please indicate the profits of such business, computed
under the head "Profits
and gains of
business or profession" before making any deduction under section
33AB.
5. In case, separate accounts are not maintained or are
not available please indicate -
(i)
total sales or turnover of business of growing and manufacturing
tea;
(ii) total sales or turnover of assessee's
business computed under the head "Profits and gains of business or
profession"
before
making any deduction under section 33AB; and
(iii) the proportionate profit of the business of growing and
manufacturing tea
6. The amount deposited before the expiry of six
months from the end of the previous year or before furnishing return of
income,
whichever is earlier, with the
National Bank in accordance with the Scheme, out of the income chargeable
to tax under the head "Profits
and gains
of business or profession". [Please indicate the account number of
the branch of the concerned National Bank and the
date
and the amount of
deposits.]
7. Withdrawals made from the amount referred to in
item 6 with the dates and amounts of withdrawals.
8. Purposes
for which withdrawals referred to in item 7 were made. [Please indicate
whether it is for the purposes specified in the
Scheme
or it is in the circumstances
specified in section 33AB(3). In the case of the latter, indicate the
specific circumstance].
9. The amounts utilised out of the
withdrawals referred to in item 7 above with details regarding the purpose
for which and the dates on
which the amounts
were utilised.
10. Please indicate whether any amount has
been utilised for the purchase of any item referred to in section 33AB(4)
or has also been
claimed as an
allowance in computing the income chargeable to tax under the head
"Profits and gains of business or profession".
11. The
amounts withdrawn from the National Bank but not utilised during the
previous year for the purposes specified in the Scheme.
12.
Whether any assets acquired in accordance with the provisions of the
Scheme is sold or otherwise transferred during the
previous
year. If the answer
is in the affirmative, please indicate separately in respect of each
asset, the date of acquisition, cost of
acquisition,
date of sale or
transfer, consideration for sale or transfer and the name(s) of the
person(s) to whom the asset was sold or transferred.
13. The
amount of deduction permissible in accordance with the provisions of
section 33AB. |
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Signature |
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