TaxTMI 
TaxTMI 
Audit Report under paragraph 2 of Schedule IX for deduction for tea development account, coffee development account and rubber development account
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.................... in pursuance of the provisions of the ............... I 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 sub-paragraph (2) of paragraph 2 of Schedule IX is furnished in Part C and Part D of this Form. In my opinion and to the best of my information and according to the explanations given to m....
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...... and branches at. ................ I 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 opinion, proper books of account have been kept by the head office and the branches of the assessee so far as appears from my examination of the books of account, subject to the comments given below : In my opinion and to the best of my information and according to the explanations given to me, the said accounts give a true and fair view- (i) in the case of the balance sheet, of the state of the above-named assessee's affairs as at ............ and (ii) in the case of the *profit and loss account/income and expenditure st....
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....o the claim for deduction under section 48 1. Books of account examined 2. (a) Method of accounting employed (select anyone) ☐ Cash method ☐ Accrual method (b) Whether there is any change from the method of accounting employed in the immediately preceding tax year Yes/No (c) If answer to (b) above is yes, provide details of the change in method of accounting 3. (a) Whether separate accounts are maintained in respect of business of growing and manufacturing tea/coffee/rubber in India Yes/No (b) If answer to (a) above is yes, profit of such business, computed under the head "Profits and gains of business or profession" before making any deduction under section 48 (refer....
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....dule IX] (A) (B) (C) (D) (E) (b) If withdrawal/release is for circumstances specified in paragraph 3(1) of Schedule IX, state the specified circumstances • Closure of business • Death of assessee • Partition of Hindu undivided family • Dissolution of firm • Liquidation of company (c) Amount of deemed income (as per paragraph 3(2) of schedule IX) where withdrawal/release is made on account of (i) closure of business or (ii) dissolution of firm (d) The amounts utilised out of the withdrawals/release referred to in 5(a) above with details regarding the purpose for which and the dates on which the ....
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....f acquisition Date of sale/transfer Consideration for sale/transfer Name of person to whom sold/transferred Permanent Account Number of person to whom sold/transfer red A B C D E F G H (c) Amount of deemed income (as per paragraph 5 of schedule IX), if any 8. Amount of deduction permissible in accordance with the provisions of section 48 Place Date Signature Name of the Accountant.................................. Designation. ................................. Membership Number. ........................ UDIN Details, if any......................... Name of the proprietorship....