Today we will discuss on the Form 3CA and Form 3CB in Tax Audit, Difference between the form 3CA and Form 3CB. An chartered accountant to an particular entity will issue the Form 3CA or Form 3CB report.
- Form 3CA & Annexure 3CD
- Form 3CB & Annexure 3CD
Difference between Form 3CA and Form 3CB
Form 3CA
Form 3CA is audit report issued by Chartered Accountant if the assesee is required to get his books of account audited under any other act other than Income Tax Act, 1961.
In following case form 3CA is issued –
- If an entity covered under cost audit
- If an entity covered under excise audit
- If an entity is covered under transfer pricing audit
- If an LLP cross the turnover of Rs 40 lakhs and covered under compulsory audit
- All company are required to get there books of accounts audited under Companies Act.
Form 3CB
Form 3CB is audit report issued by Chartered Accountant if the assesee is required to get his books of account audited only under Income Tax Act, 1961.
In following case form 3CB is issued –
- Proprietorship business if not covered under any other audit
- Partnership firm if not covered under any other audit
- HUF if not covered under any other audit
- LLP if not covered under any other audit
Content of Form 3CA and Form 3CB
Form 3CA is issued by the Chartered accountant it will cover the following content
Name and address of the asseessee
Permanent Account Number of the asseessee
Date of the Audit Report
Financial year of the Audit
Opinion of the chartered accountant regarding the activity of the business
Name, address and membership number of the chartered accountant
Date and Place of the signing tax audit report
Format of Form 3CA for the assessment year 2015-16 and previous year 2014-15
Click here to download the Form 3CA
Format of Form 3CB for the assessment year 2015-16 and previous year 2014-15
Click here to download the Form 3CB
In both of audit report the Annexure 3CD remain same.
