TaxTMI 
TaxTMI 
Audit report and Statement of particulars required to be furnished under section 63
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.... ending on .................. (b) the audited balance sheet and notes to accounts as at, ..........................; 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. 3. Impact of statutory audit qualifications (a) Whether any observations/qualifications/adverse remark/disclaimer/emphasis of matter has been made by the statutory auditor which would result in variation in income or loss or book profit (Yes/No) (b) If yes, effect of such observations/qualifications/adverse remark/disclaimer/emphasis of matter in income or loss or book profit, which has not been considered in particulars filed in Part D of Form No. 26 Sl. No. Nature of observation/qualifications/adverse remark/disclaimer/emphasis of matter Increase in profit/decrease in loss Decrease in profit/increase in loss Net impact Remarks 4. The statement of particulars required to be furnished under section 63 is annexed herewith in Part D of Form No....
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.... which would result in variation in income or loss or book profit: (Yes/No) (b) If yes, effect of such observations/qualifications/adverse remark/disclaimer/emphasis of matter in income or loss or book profit, which has not been considered in particulars filed in Part D of Form No. 26 Sl. No. Nature of observation/qualifications/adverse remark/disclaimer/emphasis of matter Increase in profit/decrease in loss Decrease in profit/increase in loss Net impact Remarks (c) Subject to above, - (A) I have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of the audit. (B) In my opinion, proper books of account have been kept by the head office and branches of the assessee so far as appears from my examination of the books. (C) In my opinion and to the best of my information and according to the explanations given to me, the said accounts, read with notes thereon, if any give a true and fair view :- (i) in the case of the balance sheet,....
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.... gross receipts in profession exceeding specified limits under section 63 profits and gains from specified business or profession, referred to in section 58(2) or 61(2) (Table: Sl. No. 4 and 5) claimed to be lower than the deemed profits provisions of section 58(8) are applicable 10. Whether the assessee has opted for taxation under section 199/200/201/202/203/204 Yes/No 11. (a) If assessee is a firm or an association of persons, indicate names of partners/members, Permanent Account Numbers and their profit-sharing ratios. Sl. No. Name of partner/member Permanent Account Number Profit-sharing ratio (b) Whether there is any change in the partners or members or in their profit- sharing ratio since the last date of the preceding tax year? Yes/No If yes- (Refer Schedule - General Information) 12. (a) Furnish nature of all businesses or professions carried on during the tax year (Refer Schedule - General Information) (b) Whether there is any change in the nature of business or profession during the tax year? Yes/No If yes- (Refer Schedule - General Inf....
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....its or loss for complying with the provisions of said section Yes/No If yes, (Refer Schedule - Accounting Information) 17. Whether any adjustment is required to be made to the profits or loss for complying with the provisions of Income Computation and Disclosure Standards (ICDS) notified under section 276(2) Yes/No If yes, (Refer Schedule - Accounting Information) 18. Whether any disclosure is required as per ICDS Yes/No If yes, (Refer Schedule - Accounting Information) 19. Whether the profit and loss account includes any profits and gains assessable on presumptive basis Yes/No If yes, (Refer Schedule - Accounting Information) C - Particulars of receipt/income 20. Amount chargeable to income-tax under the head 'income from other sources' as per section 92(2)(m) but not credited to profit & loss account Yes/No If yes, (Refer Schedule - Computation of receipt/income) 21. Amounts chargeable to income-tax (other than covered in Sl. No. 20 above) but not credited to profit & loss account Yes/No If yes, (Refer Schedule - Computation of receipt/income) 22. Any capital asset converted into stock-in....
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.... Yes/No If yes, (Refer Schedule - Computation of expenses) 33. (a) Amount of interest not allowable under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) (27 of 2026) to the extent debited to profit and loss account Yes/No If yes, amount (b) Amount debited to the profit and loss account, to the extent disallowable under section 37(2)(g) Yes/No If yes, amount (c) Amount disallowed under section 37(2)(g) in any preceding tax year but allowable during the tax year Yes/No If yes, amount 34. Amount allowable as deduction under various sections Yes/No If yes, (Refer Schedule - Computation of expenses) E - Particulars of Prior Period 35. (a) Any amount of income of prior period credited to the profit and loss account Yes/No If yes, (Refer Schedule - Prior Period) (b) Any amount of expenditure of prior period debited to the profit and loss account Yes/No If yes, (Refer Schedule - Prior Period) F - Particulars of Losses, Depreciation, and Deductions 36. Depreciation allowable as per the Act in respect of each asset or block of assets, as the case may be ....
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....39; as per section 92(2)(m)? Yes/No If yes, (Refer Schedule - Other Key Parameters) 45 (a) Whether any loan, deposit or specified sum taken or accepted during the tax year in excess of limit specified in section 185(1)? Yes/No If yes, (Refer Schedule - Other Key Parameters) (b) Whether there was any receipt of amount in excess of limit specified in section 186(1) during the tax year, where such receipt is otherwise than by modes specified in said section? Yes/No, If yes, (Refer Schedule - Other Key Parameters) (c) Whether there was any payment of amount in excess of limit specified in section 186(1) during the tax year, where such payment is otherwise than by modes specified in said section? Yes/No, If yes, (Refer Schedule - Other Key Parameters) (d) Whether there was any repayment of any loan, deposit or specified advance during the tax year, in excess of limit specified in section 188(1), where such repayment is otherwise than by modes specified in said section? Yes/No, If yes, (Refer Schedule - Other Key Parameters) 46. Whether the assessee is required to furnish a statement in Form No. 98 or Form No. 165 or Form No. 166 or Form....
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....Number(UDIN), if any: Name of the proprietorship/ firm: Firm Registration Number: Notes: 1. In case of individual, the first, middle and last name shall be provided in full without any abbreviations. In any other case, name shall be provided in full. 2. The address shall contain i. Country/Region, ii. Flat/Door/Building, iii. Road/Street/Block/Sector, iv. PIN/ZIP Code, v. Area/locality, vi. District, vii. State. 3. Fill 'person' status as (i) Individual (ii) Hindu undivided family (iii) Company (iv) Firm (v) association of persons, whether incorporated or not (vi) body of individuals, whether incorporated or not (vii) local authority (viii) artificial juridical person (ix) Government (x) Trust 4. Fill 'residential status' as (i) Resident (ii) Non-resident (iii) Resident but not ordinarily resident. 5. This report has to be signed by an accountant as per section 515(3)(b). 6. Where any of the requirements in this Form is answered in the negative or with qualification, give reasons therefor. 7. Whenever the assessee is required to furnish an audit report under any other section of the Act, the aud....
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....Section Increase in Profit/Decrease in Loss Decrease in Profit/Increase in Loss Net Effect Remarks (A) (B) (C) (D) (E) (F) (i) 277(1)(i) (ii) 277(1)(ii) (iii) 277(1)(iii) (iv) 277(1)(iv) 17. Particulars of ICDS adjustments ICDS Description Increase in Profit/Decrease in Loss (Amount) Decrease in Profit/Increase in Loss (Amount) Net effect (Amount) Remarks (A) (B) (C) (D) (E) (F) ICDS I Accounting Policies ICDS II Valuation of Inventories [other than the effect of change already reported in 16(b)] ICDS III Construction Contracts ICDS IV Revenue Recognition ICDS V Tangible Fixed Assets ICDS VI Changes in Foreign Exchange Rates ICDS VII Governments Grants &....
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....account: SI. No. Type of Asset Details of Asset Name of Transferor/Payer PAN of transferor/Payer Consideration paid Amount includible as income under section 92(2)(m) (A) (B) (C) (D) (E) (H) (I) 22. Particulars of capital assets converted into stock-in-trade SI. No. Description of capital asset Date of acquisition Cost of acquisition Amount at which the asset is converted into stock-in trade (A) (B) (C) (D) (E) 23. Particulars of transfer of property below assessable value SI. No. Type of Asset (land/building/land and building both) Address of the transferred property Share in the transferred property Consideration received or accrued Stamp duty value Whether provisions of section 53 or 78 applicable (sec. 53/sec. 78) (A) (B) (C) (D) (E) (F) (G) Schedule - Computation of Expenses 27(a) Particulars of amounts debited to the profit and loss account, to the extent disallo....
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....nbsp; (v) Expenditure incurred for - (a) any purpose which is an offence under, or is prohibited by, any law in force in or outside India (b) providing a benefit or perquisite as per section 34(3)(b) (c) compounding an offence under any law in force in or outside India (d) settling proceedings initiated in relation to contravention under any law notified by the Central Government in this behalf (e) any other purpose of such nature (vi) Expenditure incurred on the activities relating to corporate social responsibility as per section 135 of the Companies Act, 2013 (18 of 2013) Total 27 (d) Particulars of amounts debited to the profit and loss account, to the extent disallowable under section 35 SI. No. section Description Amount disallowable as deduction (A) (B) (C) (D) (i) 35(a) Tax paid on income, or by employer, or in any other country for which relief is eligible (ii) 35(b)(iii) Payment to a provident or other fund established fo....
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....ring the tax year Sl. No. Section Nature of liability Amount allowable as deduction (A) (B) (C) (D) 34. Particulars of amounts allowable as deduction under sections: (a) Furnish particulars SI. No. Section Amount debited to P&L account Amount of deduction allowable Deduction allowable in excess of the amount debited to P&L account (E=D-C) (A) (B) (C) (D) (E) (i) 45(1)(a)(i) (ii) 45(1)(a)(ii) (iii) 45(1)(b) (iv) 45(2) (v) 45(3)(a)(i) (vi) 45(3)(a)(ii) (vii) 45(3)(b) (viii) 45(3)(c) (ix) 47(1)(a) (x) 47(1)(b) (xi) 46 (xii) 44 (xiii) 51 (xiv) 52(1)[Table: SI. No. 1] (xv) 52(1)[Table: SI....
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.... 11 Depreciation on 9 at half rate 12 Additional depreciation, if any, on 4 13 Additional depreciation, i any, on 7 14 Additional depreciation relating to immediately preceding tax year on asset put to use for less than 180 days 15 Total depreciation (10+11+12+13+14) 16 Depreciation disallowed under section 33(3)(b) (out of column 15) 17 Net aggregate depreciation (15-16) 18 Proportionate aggregate depreciation allowable in the event of succession, amalgamation, demerger etc. (out of column 17) 19 Expenditure incurred in connection with transfer of asset/assets 20 Capital gains/loss under section 74 (5 + 8 -3 - 4 -7 -19) (enter negative only, if block ceases to exist) 21 Written down value on the last day of ....
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.... 17 Capital gains/ loss under section 74 (5 + 8 -3 - 4 -7 - 16) (enter negative only, if block ceases to exist) 18 Written down value on the last day of tax year (6+ 9 - 12) (enter 0, if result is negative) 37. (a) Particulars of brought forward loss and depreciation allowance SI. No. Tax year Nature of loss or allowance Amount as returned* Losses/ allowances not allowed under Section 200/202/203/204 Amount as adjusted by withdrawal of additional depreciation on account of opting for taxation under section 202 Amount as assessed (attach copy of relevant order) Remarks (A) (B) (C) (D) (E) (F) (G) (H) *If the assessed depreciation or loss is less and no appeal pending, then take assessed depreciation or loss. 38. Particulars of deductions admissible under Chapter VIII of the Act Section under which deduction is admissible Amount admissible (A) ....
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....dible under section 92(2)(m) Reason (A) (B) (C) (D) (E) (F) (G) (H) (I) (J) 45. (a) Particulars of all loan/deposit/specified sum accepted or taken in excess of limit under section 185(1) SI. No Nature of transaction (Loan/ Deposit/ Specified sum) Name of payer Permanent Account Number of payer Aadhaar number of payer (if available) Amount taken or accepted Whether accepted through modes as per section 185(1) (Yes/No) Whether squared up during the year (Yes/No) Maximum amount outstanding at any time during the tax year Code of the nature of transaction (refer Note 8) (A) (B) (C) (D) (E) (F) (G) (H) (J) 45. (b) Particulars of receipt in excess of limit specified in section 186 where such receipt is otherwise than by modes specified in said section SI. No. Name of payer Permanent Account Number of payer Aadhaar number of payer (if available) Nature of transaction Am....
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....(Amount) Total cost of acquisition/ Total consideration received (Amount) Amount chargeable to income-tax under section 92(2)(m), if any (Amount) (applicable in case of acquisition) Deemed full value of consideration under section 79, if any (Amount) (applicable in case of transfer) Amount chargeable to tax under the head "Capital Gains", if any (Amount) (applicable in case of transfer) (H) (I) (J) (K) (L) (M) 48. Particulars of payment of loan or advance as per section 2(40)(e) Sl. No. Name of the recipient PAN of the recipient Date of payment Amount paid (A) (B) (C) (D) (E) Schedule - TDS/TCS 50. (a) Particulars of transactions on which TDS/TCS required to be made TAN Section Nature of payment/receipt Total amount of payment or receipt Total amount on which tax was required to be deducted or collected out of amount mentioned in column (D) Total amount on which tax deducted or collected at the rate as per provisions of Chapter XIX-B of the Act out of column (E) Amount of tax ded....
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....ount, to the extent disallowable under section 35(b)(ii): Sl. No Nature of violation [non-deduction/ Short deduction/ non-payment of tax deducted on or before the due date specified in section 263(1)] Nature of expenditure Name of payee Permanent Account Number of payee Amount Disallowable amount [100% of (F)] (A) (B) (C) (D) (E) (F) (G) Total 51. (d) Any amount disallowed under section 35(b)(ii) in any preceding tax year but allowable during the tax year Sl. No. Nature of expenditure Preceding tax year (s) the amount of which is allowable during the tax year Amount in the preceding tax year (s) which was disallowed and is allowable during the tax year Amount allowable during the tax year (A) (B) (C) (D) (E) Total Schedule - GST 52. (a) Particulars of registration/identification numbers SI. No. Type Registration/Identifica....