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1. What is Form 3 CD? 

As per section 44AB, an assessee who is engaged in business and profession is required to submit a tax audit report prepared by a chartered accountant on the behalf of the assessee. In this tax audit report, the Ca certify that books of accounts of the company are prepared in a correct and fair manner and the taxable income is calculated as per Income tax act, 1961 Every chartered accountant who is performing the tax audit is required to file form 3 CA/3 CB along with form 3CD. form 3 CA/CB contains the details of the tax auditors while 3CD contains the detailed statement of the tax audit. This form is filed every year on or before 30th September. The form contains the following particulars 

1. Name of the taxpayer 

2. Address 

3. Permanent Account Number (PAN) 

4. The taxpayer’s liability to pay tax like excise duty, service tax, sales tax, customs, etc. if any.

5. Status of the Return 

6. The relevant previous year 

7. Assessment year 

8. The relevant clause of section 44AB under which the audit has been conducted

2. Why is Form 3CD used? 

Form 3CD is prepared by a chartered accountant on behalf of the assessees who are required to fulfil the criteria under section 44AB. The main objective of this form is to provide the details of the particulars of the tax audit report under any of the forms specified under Section 44AB.

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