If the person is carrying on a business or profession and is required to get its accounts audited mandatorily under any law other than the Income tax Act 1961, then the tax audit report has to be filed in form 3CA and the statement of particulars to be disclosed in form 3CD.
For example, in case of a public
limited or a private limited company, the company has to get its accounts
audited mandatorily by a CA under Companies Act 2013. This means that a company
is required to file 3CA and 3CD along with it.
On the other hand if a person
carrying on a business or profession is not required to get its accounts
audited under any law other than the Income tax act 1961, such person is
required to file 3CB for the purposes of audit report and 3CD for the statement
of particulars.
An example of such a person would
be a sole proprietor of a company. The business is not required to get its
accounts audited under Companies act 2013 as it is not a company. Hence it has
to file 3CB and 3CD along with it.
It
is to be noted that the given forms can only be filed electronically.
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