* I/We report that the statutory audit of _________________________________________ [mention name and address of the assessee with permanent

account number] was conducted by * me/us/M/s. __________________________ in pursuance of the provisions of the ___________________ Act, and * 1. I/we annex hereto a copy of * my/our/their audit report dated __________along with a copy each of (a)the audited * profit and loss account/income and expenditure account for the year ended on 31st (b)the audited balance sheet as at 31st March, _______; and (c)documents declared by the said Act to be part of, or annexed to, the * profit and loss account/income and expenditure account and balance sheet. 2. The statement of particulars required to be furnished under section 44AB is annexed herewith in 3. In * my/our opinion and to the best of * my/our information and according to explanations given to * me/us, the particulars given in the said Form No. 3CD and the Annexure thereto are true and correct. Place: Date: Name : Address :

FORM NO. 3CA [See rule 6G(1)(a)] Audit report under section 44AB of the Income-tax Act, 1961, in a case where the accounts of the business or profession of a person have been audited under any other law

FORM NO. 3CB [See rule 6G(1)(b)] Audit report under section 44AB of the Income-tax Act, 1961 in the case of a person referred to in clause (b) of sub-rule (1) of rule 6G
1. * I/We have examined the balance sheet as at 31st March ______________________________________ ,and the * profit and loss account/income and expenditure account for the year ended on that date, attached herewith, of ___________________________________________ mention name and address of the assessee withI/We certify account number]sheet and the * profit and loss account/income and expenditure account are in 2. * permanent that the balance agreement with the books of account maintained at the head office at ______________________ and ** 3. (a) * I/We report the following observations/comments/discrepancies/inconsistencies; if any: (b) Subject to above,(A) * 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. (B) In * my/our opinion, proper books of account have been kept by the head office and branches of the assessee so far as appears from * my/our examination of the books. (C) In * my/our opinion and to the best of * my/our information and according to the explanations given to * me/us, the said accounts, read with notes thereon, if any, give a true and fair view:(i) in the case of the balance sheet, of the state of the affairs of the assessee as at 31st March, _________; and (ii) in the case of the * profit and loss account/income and expenditure account of the * profit/loss or * surplus/deficit of the assessee for the year ended on that date. 4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No. 5. In * my/our opinion and to the best of * my/our information and according to explanations given to * me/us, the particulars given in the said Form No. 3CD and the Annexure thereto are true and correct.

Place: Date:

Name : Address :

FORM NO. 3CD [See rule 6G(2)] Statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961
PART A 1 Name of the assessee : 2 Address : 3 4 5 6 Permanent Account Number : Status : Previous year ended : Assessment year : M/s. Proprietor Mumbai

Individual 31st March, 2011 2011-2012

PART B 7 (a) If firm or Association of Persons, indicate names of partners/members and their profit sharing ratios. (b) If there is any change in the partners or members or in their profit sharing ratio since the last date of the preceding year, the particulars of such change. 8 (a) Nature of business or profession (if more than one business or profession is carried on during the previousyear, nature of every business or profession). (b) If there is any change in the nature of business or profession, the Not Applicable particulars of such change. 9 (a) Whether books of account are prescribed under section 44AA, if No yes, list of books so prescribed. (b) Books of account maintained. 1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger 7.Stock Register (In case books of account are maintained in a computer system, All the Books are Generated through Computerised Accounting System mention the books of account generated by such computer system.) (c) List of books of account examined. As Above 10 Whether the profit and loss account includes any profits and gains Not Applicable assessable on presumptive basis, if yes, indicate the amount and the relevant sections (44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB or any other relevant section). 11 (a) Method of accounting employed in the previous year. Mercantile (b) Whether there has been any change in the method of accounting No employed vis-a-vis the method employed in the immediately preceding previous year. (c) If answer to (b) above is in the affirmative, give details of such Not Applicable change, and the effect thereof on the profit or loss. (d) Details of deviation, if any, in the method of accounting employed Not Applicable in the previous year from accounting standards prescribed under section 145 and the effect thereof on the profit or loss. 12 (a) Method of valuation of closing stock employed in the previous year. At Cost or market Value Whcihever is Lower. However as informed to us, the assessee deals in various items and hence it is not possible for them to maintain day to day inventories of goods. The assessee has taken the year end closing stock and certified the value of the same (b) Details of deviation, if any, from the method of valuation prescribed Not Applicable under section 145A, and the effect thereof on the profit or loss.

12A Give the following particulars of the capital asset converted into stockin-trade: (a) Description of capital asset; (b) Date of acquisition; (c) Cost of acquisition; (d) Amount at which the asset is converted into stock-intrade., 13 Amounts not credited to the profit and loss account, being, (a) the items falling within the scope of section 28; (b) the proforma credits, drawbacks, refund of duty of customs or excise or service tax, or refund of sales tax or value added tax, where such credits, drawbacks or refunds are admitted as due by the authorities concerned; (c) escalation claims accepted during the previous year; (d) any other item of income; (e) Capital receipt, if any. 14 Particulars of depreciation allowable as per the Income-tax Act, 1961 in respect of each asset or block of assets, as the case may be, in the following form : (a) Description of asset/block of assets. (b) Rate of depreciation. (c) Actual cost or written down value, as the case may be. (d) Additions/deductions during the year with dates; in the case of any addition of an asset, date put to use; including adjustments on account of (i) Modified Value Added Tax credit claimed and allowed under the Central Excise Rules, 1944, in respect of assets acquired on or after 1st March, 1994, (ii) change in rate of exchange of currency, and (iii) subsidy or grant or reimbursement, by whatever name (e) Depreciation allowable. (f) Written down value at the end of the year. 15 Amounts admissible under sections (a) 33AB (b) 33ABA (c) 33AC (wherever applicable) (d) 35 (e) 35ABB (f) 35AC (g) 35CCA (h) 35CCB (i) 35D (j) 35DD (k) 35DDA (l) 35E:(a) debited to the profit and loss account (showing the amount debited and deduction allowable under each section separately); (b) not debited to the profit and loss account. 16 (a) Any sum paid to an employee as bonus or commission forservices rendered, where such sum was otherwise payable to him as profits or dividend. [Section 36(1)(ii)]. (b) Any sum received from employees towards contributions to any provident fund or superannuation fund or any other fund mentioned in section 2(24)(x); and due date for payment and the actual date of payment to the concerned authorities under section 36(1)(va). 17 Amounts debited to the profit and loss account, being : (a) expenditure of capital nature; (b) expenditure of personal nature;

Not Applicable Not Applicable Not Applicable Not Applicable Nil Nil

Nil Nil Nil Annexure : 1

Nil Nil Nil

Nil

Nil Nil. However it is difficult to ascertain the personal element involved in various expenses like Telephone Expenses, Conveyance Expenses, Travelling Expenses, Misc. Expenses Etc. The Assessee has certified that all the expenses are incurred exclusinvely for the purpose of business only

(c) expenditure on advertisement in any souvenir, brochure, tract, Nil pamphlet or the like, published by a political party; (d) expenditure incurred at clubs, (i) as entrance fees and subscriptions; Nil

(ii) as cost for club services and facilities used; (e) (i) expenditure by way of penalty or fine for violation of any law for the time being in force; (ii) any other penalty or fine; (iii) expenditure incurred for any purpose which is an offence or which is prohibited by law; (f) amounts inadmissible under section 40(a); (g) interest, salary, bonus, commission or remuneration inadmissible under section 40(b)/40(ba) and computation thereof; (h) (A) whether a certificate has been obtained from the assessee regarding payments relating to any expenditure covered under section 40A(3) that the payments were made by account payee cheques drawn on a bank or account payee bank draft, as the case may be; (B) amount inadmissible under section 40A(3), read with rule 6DD with break-up of inadmissible amounts; (i) provision for payment of gratuity not allowable under section 40A(7); (j) any sum paid by the assessee as an employer not allowable under section 40A(9); (k) particulars of any liability of a contingent nature. (l) amount of deduction inadmissible in terms of section 14A in respect of the expenditure incurred in relation to income which does not form part of the total income; (m) amount inadmissible under the proviso to section 36(1)(iii); Amount of interest inadmissible under section 23 of the Micro Small and Medium Enterprises Development Act, 2006. Particulars of payments made to persons specified under section 40A(2)(b). Amounts deemed to be profits and gains under section 33AB or 33ABA or 33AC. Any amount of profit chargeable to tax under section 41 and computation thereof. * (i) In respect of any sum referred to in clause (a), (b), (c), (d), (e) or (f) of section 43B, the liability for which : (A) pre-existed on the first day of the previous year but was not allowed in the assessment of any preceding previous year and was (a) paid during the previous year; (b) not paid during the previous year. (B) was incurred in the previous year and was (a) paid on or before the due date for furnishing the return of income of the previous year under section 139(1); (b) not paid on or before the aforesaid date. (ii) [***] *State whether sales tax, customs duty, excise duty or any other indirect tax, levy, cess, impost, etc., is passed through the profit and loss account. (a) Amount of Modified Value Added Tax credits availed of or utilized during the previous year and its treatment in the profit and loss account and treatment of outstanding Modified Value Added Tax credits in the accounts. (b) Particulars of income or expenditure of prior period credited or debited to the profit and loss account. Details of any amount borrowed on hundi or any amount due thereon (including interest on the amount borrowed) repaid, otherwise than through an account payee cheque [Section 69D].

Nil Nil Nil Nil

Yes

Nil Nil Nil Not Applicable Nil

17A 18 19 20 21

Nil Not Applicable Annexure : 2 Nil Nil

Not Applicable

Annexure : 3 Nil

22

Nil

Not Applicable Not Applicable

23

24 (a) Particulars of each loan or deposit in an amount exceeding the limit Annexure : 4 specified in Section 269SS Taken or Accepted During the Previous Year (i) Name, Address and Permanent Account Number (if available with the assessee) of the Lender or Depositor (ii) Amount of Loan or Deposit Taken or Accepted (iii) Whether the Loan or Deposit was Squared up During the Previous Year (iv) Maximum Amount Outstanding in the Account at Any Time During the Previous Year (v) Whether the Loan or Deposit was Taken or Accepted Otherwise Than by Account Payee Cheque or Account Payee Bank Draft *(These particulars need not be given in the case of a Government company, a banking company or a corporation established by a Central, State or Provincial Act.) 24 (b) Particulars of Each Repayment of Loan or Deposit in an Amount Annexure : 5 Exceeding the Limit Specified in Section 269T made During The Previous Year (i) Name, Address and Permanent Account Number (if available with the assessee) of the Lender or Depositor (ii) Amount of the Repayment (iii) Maximum Amount Outstanding in the Account At Any Time During the Previous Year (iv) Whether the Repayment was made Otherwise Than by Account Payee Cheque or Account Payee Bank Draft 24 (c) Whether a certificate has been obtained from the assessee regarding Yes taking or accepting loan or deposit, or repayment of the same through an account payee cheque or an account payee bank draft. The particulars (i) to (iv) at (b) and the Certificate at (c) above need not be given in the case of a repayment of any loan or deposit taken or accepted from Government, Government company, banking company or a corporation established by a Central, State or Provincial Act; 25 Details of brought forward loss or depreciation allowance, in the following manner, to the extent available : (a) Sr. Asst. Nature of Amount Amount Remarks No. Year Loss / as as (if any) . Allowance Returned Assessed (b) whether a change in shareholding of the company has taken place in Not Applicable the previous year due to which the losses incurred prior to the previous year cannot be allowed to be carried forward in terms of section 79. 26 Section-wise details of deductions, if any, admissible under Chapter VIA. 27 (a) Whether the assessee has complied with the provisions of Chapter Yes, Except Enumerated Below XVII-B regarding deduction of tax at source and regarding the payment thereof to the credit of the Central Government. (b) If the provisions of Chapter XVII-B have not been complied with, Annexure : 6 please give the following details*, namely:(i) Tax Deductible and Not Deducted at All (ii) Shortfall on Account of lesser Deduction Than Required to be Deducted (iii) Tax Deducted Late (iv) Tax Deducted But Not Paid to the Credit of the Central *Please give the details of cases covered in (i) to (iv) above.

28 (a) In the case of a trading concern, give quantitative details of principal items of goods traded: (i) opening stock; (ii) purchases during the previous year; (iii) sales during the previous year; (iv) closing stock; (v) shortage/excess, if any. (b) In the case of a manufacturing concern, give quantitative details of the principal items of raw materials, finished products and by-products : A. Raw materials : (i) opening stock; (ii) purchases during the previous year; (iii) consumption during the previous year; (iv) sales during the previous year; (v) closing stock; (vi) * yield of finished products; (vii) * percentage of yield; (viii) * shortage/excess, if any. B. Finished products/By-products : (i) opening stock; (ii) purchases during the previous year; (iii) quantity manufactured during the previous year; (iv) sales during the previous year; (v) closing stock; (vi) shortage/excess, if any. *Information may be given to the extent available. 29 In the case of a domestic company, details of tax on distributed profits Not Applicable under section 115-O in the following form : (a) total amount of distributed profits; (b) total tax paid thereon; (c) dates of payment with amounts. 30 Whether any cost audit was carried out, if yes, enclose a copy of the Not Applicable report of such audit [See section 139(9)]. 31 Whether any audit was conducted under the Central Excise Act, 1944, Not Applicable if yes, enclose a copy of the report of such audit. 32 Accounting ratios with calculations as follows : (a) Gross profit/Turnover; (b) Net profit/Turnover; (c) Stock-in-trade/Turnover; (d) Material consumed/Finished goods produced. Place : Date :

Annexure I
PART A
1. Name of the assessee 2. Address 3. Permanent Account Number 4. Status 5. Previous year ended 6. Assessment year : : : : : : M/s. Mumbai 0 Individual 31st March, 2011 2011-2012

PART B
Nature of business or profession in respect of every business or profession carried on during the previous year Sl. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Parameters Paid-up share capital/capital of partner/proprietor Share Application Money/Current Account of Partner or Proprietor, if any Reserves and Surplus/Profit and Loss Account Secured loans Unsecured loans Current liabilities and provisions Total of Balance Sheet Gross turnover/gross receipts Gross profit Commission received Commission paid Interest received Interest paid Depreciation as per books of account Net Profit (or loss) before tax as per Profit and Loss Account Taxes on income paid/provided for in the books Current year 0204

Preceding year

0204

Preceding year

M/s.
Annexure : 1 Clause : 14
BLOCK OF ASSETS RATE OF DEPRECIATION 10% 15% 15% 15% 60% 10% 0 0 0 Actual Cost / WDV (a) Addition During Addition During The First Half The Second Half (b) (c) Sale / Scrape / Deletion (d) Sub Total (a+b+c-d)=(e) 0 0 0 0 0 0 0 0 0 Depreciation (f) 0 0 0 0 0 0 0 WDV (e-f)=g 0 0 0 0 0 0 0 0

Land Building Plant & machinery Car Bike Computer Furniture Total

Annexure : 2 Clause : 18 Particulars of payments made to persons specified under section 40A(2)(b).
Name of Person Relation Nature of Payment Amount

Annexure : 3 Clause : 21(i)(B)(a) Payment in respect of any sum referred to in clause (a), (b), (c), (d), (e) or (f) of section 43B, the liability for which was incurred in the previous year and was paid on or before the due date for furnishing the return of income of the previous year under section 139(1)
Nature of Payment For the Period Paid On Amount

Annexure : 4 Clause : 24(a) Particulars of each loan or deposit in an amount exceeding the limit specified in Section 269SS Taken or Accepted During the Previous Year
Name, Address and Permanent Account Number Amount of the Whether the Maximum Amount Whether the Loan or Deposit was (if available with the assessee) of the Lender or Repayment Loan or Deposit Outstanding in the Account Taken or Accepted Otherwise Than Depositor was Squared up at Any Time During the by Account Payee Cheque or During the Previous Year Account Payee Bank Draft Previous Year

Annexure : 5 Clause : 24(b) Particulars of Each Repayment of Loan or Deposit in an Amount Exceeding the Limit Specified in Section 269T made During The Previous Year
Name, Address and Permanent Account Number (if available with the assessee) of the Lender or Depositor Amount of the Repayment Maximum Amount Whether the Repayment was Outstanding in the Account made Otherwise Than by Account At Any Time During the Payee Cheque or Account Payee Previous Year Bank Draft

Annexure : 6 Clause : 27(b) Details of Expenses where Provisions of Chapter XVII-B have not been complied with
Particulars of Expenses (i) Tax Deductible and Not Deducted at All (ii) Shortfall on Account of lesser Deduction Than Required to be Deducted (iii) Tax Deducted Late (iv) Tax Deducted But Not Paid to the Credit of the Central Government Amount TDS Deductible TDS Deducted Amount of TDS / Shortfall

Companies (Auditors
Report) Order, 2003.

Particulars (i) (a) whether the company is maintaining proper records showing full particulars, including quantitative details and situation of fixed (b) whether these fixed assets have been physically verified by the management at reasonable intervals; whether any material discrepancies were noticed on such verification and if so, whether the same have been properly dealt with in the books of account; (c) if a substantial part of fixed assets have been disposed off during the year, whether it has affected the going concern; (ii) (a) whether physical verification of inventory has been conducted at reasonable intervals by the management; (b) are the procedures of physical verification of inventory followed by the management reasonable and adequate in relation to the size of the company and the nature of its business. If not, the inadequacies in such procedures should be reported; (c) whether the company is maintaining proper records of inventory and whether any material discrepancies were noticed on physical verification and if so, whether the same have been properly dealt with in the books of account; (iii) (a) has the company either granted or taken any loans, secured or unsecured to/from companies, firms or other parties covered in the register maintained under section 301 of the Act. If so, give the number of parties and amount involved in the transactions. (b) whether the rate of interest and other terms and conditions of loans given or taken by the company, secured or unsecured, are prima facie prejudicial to the interest of the company; (c) whether payment of the principal amount and interest are also regular; (d) if overdue amount is more than one lakh, whether reasonable steps have been taken by the company for recovery/payment of the principal and interest; (iv) is there an adequate internal control procedure commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods. Whether there is a continuing failure to correct major weaknesses in internal control; (v) (a) whether transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered; (b) whether each of these transactions have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time; (This information is required only in case of transactions exceeding the value of five lakh rupees in respect of any party and in any one financial year).

(vi) in case the company has accepted deposits from the public, whether the directives issued by the Reserve Bank of India and the provisions of sections 58A and 58AA of the Act and the rules framed there under, where applicable, have been complied with. If not, the nature of contraventions should be stated; If an order has been passed by Company Law Board whether the same has been complied with or not? (vii) in the case of listed companies and/or other companies having a paid-up capital and reserves exceeding Rs.50 lakhs as at the commencement of the financial year concerned, or having an average annual turnover exceeding five crore rupees for a period of three consecutive financial years immediately preceding the financial year concerned, whether the company has an internal audit system commensurate with its size and nature of its business; (viii) where maintenance of cost records has been prescribed by the Central Government under clause (d) of sub-section (1) of section 209 of the Act, whether such accounts and records have been made and maintained; (ix) (a) is the company regular in depositing undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees State Insurance, Income-tax, Sales-tax, Wealth Tax, Custom Duty, Excise Duty, cess and any other statutory dues with the appropriate authorities and if not, the extent of the arrears of outstanding statutory dues as at the last day of the financial year concerned for a period of more than six months from the date they became payable, shall be indicated by the auditor. (b) in case dues of sales tax/income tax/custom tax/wealth tax/excise duty/cess have not been deposited on account of any dispute, then the amounts involved and the forum where dispute is pending may please be mentioned. (A mere representation to the Department shall not constitute the dispute). (x) whether in case of a company which has been registered for a period not less than five years, its accumulated losses at the end of the financial year are not less than fifty per cent of its net worth and whether it has incurred cash losses in such financial year and in the financial year immediately preceding such financial year also; (xi) whether the company has defaulted in repayment of dues to a financial institution or bank or debenture holders? If yes, the period and amount of default to be reported; (xii) whether adequate documents and records are maintained in cases where the company has granted loans and advances on the basis of security by way of pledge of shares, debentures and other securities; If not, the deficiencies to be pointed out. (xiii) whether the provisions of any special statute applicable to chit fund have been duly complied with? In respect of nidhi/ mutual benefit fund/societies; (a) whether the net-owned funds to deposit liability ratio is more than 1:20 as on the date of balance sheet;

(b) whether the company has complied with the prudential norms on income recognition and provisioning against substandard/default/loss assets; (c) whether the company has adequate procedures for appraisal of credit proposals/requests, assessment of credit needs and repayment capacity of the borrowers; (d) whether the repayment schedule of various loans granted by the nidhi is based on the repayment capacity of the borrower and would be conducive to recovery of the loan amount; (xiv) if the company is dealing or trading in shares, securities, debentures and other investments, whether proper records have been maintained of the transactions and contracts and whether timely entries have been made therein; also whether the shares, securities, debentures and other securities have been held by the company, in its own name except to the extent of the exemption, if any, granted under section 49 of the Act; (xv) whether the company has given any guarantee for loans taken by others from bank or financial institutions, the terms and conditions whereof are prejudicial to the interest of the company; (xvi) whether term loans were applied for the purpose for which the loans were obtained; (xvii) whether the funds raised on short-term basis have been used for long term investment and vice versa; If yes, the nature and amount is to be indicated; (xviii) whether the company has made any preferential allotment of shares to parties and companies covered in the Register maintained under section 301 of the Act and if so whether the price at which shares have been issued is prejudicial to the interest of the company; (xix) whether securities have been created in respect of debentures issued? (xx) whether the management has disclosed on the end use of money raised by public issues and the same has been verified; (xxi) whether any fraud on or by the company has been noticed or reported during the year; If yes, the nature and the amount involved is to be indicated.

s
Report) Order, 2003.

Comments

Check Applicability of CARO(Give the Answers in "Answer Column" onl question and you will get the aplicability automaticall Question Is it a Banking Co. ? Is it a Insurance Co. ? Is it a Sec.25 Co. ?

In case of PVT LTD Co. check followings Capital + Reserves (Amount) Has accepted Public Deposits ?

Outstanding Loans from Banks or Financial Inst. (amount)

Turnover (Amount)

Final Answer

e the Answers in "Answer Column" only to the respective ou will get the aplicability automatically) Answer Applicable or not Yes No Yes No Yes No

5000000 No

No No

999999

No

50000000

No

swer

If Answers in all the boxes in this column is No then CARO is Not Applicable

Individual HUF Firm Company AOP

STATUS

Not Applicable Nil Yes No

COMMON

1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger 7.Stock Register 1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger

1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger 7.Stock Register 1.Sales Register 2.Purchase Register 3.Cash Book 4.Bank Book 5.Journal 6.Ledger As Above All the Books are Generated using the Computerised Accounting System All the Books are prepared using Mannual Accounting System

At Cost or Market Value Whichever is Lower At Average Cost or Market Value Whichever is Lower There is No Closing Stock At Cost or Market Value Whichever is Lower. We are informed that the Assessee deals in various items and hence it is not po

Mercantile Cash

ACCOUNTINGMETHOD

Nil PERSONALEXPENSES Nil. However it is difficult to ascertain the personal element involved in various expenses like Telephone Expenses, Conveyanc Not Applicable Yes Yes, Except Enumerated Below Yes No Nil Not Applicable Yes TDS

CARO

No

CAROAPP

*Please enter the relevant code pertaining to the main area of your business activity. The codes are as follows : Sub-Sector Code Sector 0101 (1) Manufacturing Industry Agro-based industries 0102 Automobile and Auto parts 0103 Cement 0104 Diamond cutting 0105 Drugs and Pharmaceuticals 0106 Electronics including Computer Hardware 0107 Engineering goods 0108 Fertilizers, Chemicals, Paints 0109 Flour & Rice Mills 0110 Food Processing Units 0111 Marble & Granite 0112 Paper 0113 Petroleum and Petrochemicals 0114 Power and energy 0115 Printing & Publishing 0116 Rubber 0117 Steel 0118 Sugar 0119 Tea, Coffee 0120 Textiles, Handloom, Powerlooms 0121 Tobacco 0122 Tyre 0123 Vanaspati & Edible Oils 0124 Others 0201 (2) Trading Chain stores 0202 Retailers 0203 Wholesalers 0204 Others 0301 (3) Commission Agents General Commission Agents 0401 (4) Builders Builders 0402 Estate agents 0403 Property Developers 0404 Others 0501 (5) Contractors Civil Contractors 0502 Excise Contractors 0503 Forest Contractors 0504 Mining Contractors 0505 Others 0601 (6) Professionals Chartered Accountants, Auditors, etc. 0602 Fashion designers 0603 Legal professionals 0604 Medical professionals 0605 Nursing Homes

Specialty hospitals Others (7) Service Sector Advertisement agencies Beauty Parlours Consultancy services Courier Agencies Computer training/educational and coaching institutes Forex Dealers Hospitality services Hotels I.T. enabled services, BPO service providers Security agencies Software development agencies Transporters Travel agents, tour operators Others (8) Financial Service Sector Banking Companies Chit Funds Financial Institutions Financial service providers Leasing Companies Money Lenders Non-Banking Financial Companies Share Brokers, Sub-brokers, etc. Others (9) Entertainment Industry Cable T.V. productions Film distribution Film laboratories Motion Picture Producers Television Channels Others

0606 0607 0701 0702 0703 0704 0705 0706 0707 0708 0709 0710 0711 0712 0713 0714 0801 0802 0803 0804 0805 0806 0807 0808 0809 0901 0902 0903 0904 0905 0906

1. Short title, application and commencement. (1) This order may be called the Companies (Auditors Report) Order, 2003. (2) It shall apply to every company including a foreign company as defined in section 591 of the Act, except the following :(i) a Banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); (ii) an insurance company as defined in clause (21) of section 2 of the Act; (iii) a company licensed to operate under section 25 of the Act; and (iv) a private limited company with a paid up capital and reserves not more than fifty lakh rupees and has not accepted any public deposit and does not have loan outstanding ten lakh rupees or more from any bank or financial institution and does not have a turnover exceeding five crore rupees. (3) It shall come into force on the 1st day of July, 2003.

BOOKS

BOOKSEXAMINED

STOCKVALUATION

rious items and hence it is not possible for them to maintain day to day inventory of goods. The assessee has however taken the year end

e Telephone Expenses, Conveyance Expenses, Travelling Expenses, Misc. Expenses Etc. The Assessee has certified that all the expenses ar

odes are as follows :

the Act, except the following

49 (10 of 1949);

upees and has not om any bank

e has however taken the year end Inventory and Certified the Value

s certified that all the expenses are incurred exclusinvely for the purpose of business only