1. CA Manish Shah Shah & Bhandari Chartered Accountants

2. FORM 3 CA OLD FORM 3 CA I/We report that the statu tory 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 *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 March,….; b) the audited balance sheet as at 31st March,…. NEW FORM 3 CA I / we report that the statutory audit of M/s…. (Name and address of th e assessee) with Permanent Account Numb er) was conducted by *me / us / M/s.….in pursuance of the provisions of the…. Act, and *I/we annex hereto a copy of * my / our / their audit report dated ….along with a copy of each of:- a) the audited *profit and loss account / income and expenditure account for the period beginning from….to ending on… b) the audited balance sheet as at… REMARKS No change Beginning and ending of the period of P&L a/c / Income and expenditure account should be provided Balance sheet date as at 31st March was removed

3. OLD FORM 3 CA 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. ** Signed Place,name, date, address NEW FORM 3 CA 3. In *my/our opinion and to the best of *my/our information and according to the examination of books of account including other relevant documents and explanations given to *me/us, the particulars given in the said Form no. 3CD are true and correct subject to the following observations/ qualifications, if any. ** ( Signature and stamp/ seal of the signatory) Place…name of the signatory… date.. full address REMARKS Insertion of words “according to examination of books of account including other relevant documents” – which increases the verification scope of the Auditor. Observations if any should be provided New requirement to provide Stamp/Seal of the signatory

4. FORM 3 CB OLD FORM 3 CB *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 with permanent Account Number] 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 annexures thereto are true and correct NEW FORM 3 CB *I / we have examined the balance sheet as on,….,and the *profit and loss account / income and Expenditure account for the period beginning from …. to ending on….,attached herewith, of ….(Name), (Address), …. (Permanent Account Number). 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 3 CD are true and correct subject to following observations/ qualifications, if any: REMARKS New requirement to provide the period beginning and to ending on. New requirement observations/qualifica tions if any

5. OLD FORM 3 CB ** Signed Place…. Name :…. Date….Address…. **This report has to be signed by-(i) a chartered accountant within the meaning of the Chartered Accountants Act, 1949; or (ii) any person who, in relation to any State, is, by virtue of the provisions of sub-section (2) of section 226 of the Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State; or (iii) any person who is, by virtue of any other law, entitled to audit the accounts of the assessee for the relevant previous year. NEW FORM 3 CB ** ( Signature and stamp/ seal of the signatory) Place … name of the signatory.. date.. full address *** this report has to be signed by a person eligible to sign the report as per the provisions of section 44AB of the income tax act 1961 REMARKS New requirement to provide stamp/seal of the signatory New reference to Sec. In Sec.44AB.Referring to the explanation u/s 288 of “accountant “means a chartered accountant within the meaning of the Chartered accountants act, (38 of 1949), and includes, in relation to any state, any person who by virtue of the provision of sub section (2) of section 226 of the companies act,1956 (1 of 1956), is entitled.

6. FORM 3 CD OLD FORM 3 CD The old format had 32 clauses to report on. 5. Previous year ended: 31st March_____. NEW FORM 3 CD There are 41 clauses to report on. PART -A 4. whether the assessee is liable to pay indirect tax like excise duty, service tax, sales tax, customs duty, etc, if yes, please furnish the registration number or any other identification number allotted for the same. 6. Previous year from ……. To …….. 8. Indicate the relevant clause of section 44AB under which audit has been conducted. REMARKS Increase in reporting clauses. New inserted clause Amended to include the date of commencement of previous year for newly started business and also relevant section under audit

7. OLD FORM 3 CD Part B 9(b). List of Books of account maintained. (In case Books of Account are maintained in a computer system, mention the books of account generated by such computer system) (c) List of books of account examined NEW FORM 3 CD Part B 11(b) List of Books of account maintained and the address at which the books of accounts are kept (In case Books of Account are maintained in a computer system, mention the books of account generated by such computer system. If the books of account are not kept at one location, please furnish the address of the location along with books of accounts maintained at such locations ) (c)List of books of account examined and nature of relevant documents examined. REMARKS All location where books of accounts are maintained are required to be furnished Along with list of books of accounts, documents verified shall also be mentioned

8. OLD FORM 3 CD 10. Whether the profit and loss account includes any profits and gains assessable on presumptive basis, if yes indicate the amount and relevant section (44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB or any other relevant section). 11.a)Method of accounting employed in the previous year. c)If answer to (b) (for change in method of accounting) above is in the affirmative, give details of such change, and the effect there of on the profit or loss. NEW FORM 3 CD 12. Whether the profit and loss account includes any profits and gains assessable on presumptive basis, if yes indicate the amount and relevant section (44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, Chapter XII-G, First schedule or any other relevant section). 13.(a) Method of accounting employed in the previous year (c) If answer to (b)(for change in method of accounting) above is in the affirmative, give details of such change, and the effect thereof on the profit or loss in tabular format: Serial number Particulars Increase in profit Decrease in profit REMARKS Chapter XII- G, First schedule. Required to quantify the effect on profit and loss account in tabular format with mentioned details.

9. OLD FORM 3 CD 12.a)Method of valuation of closing stock employed in the previous year. b)Details of deviation, if any, from the method of valuation prescribed under section 145A, and the effect thereof on the profit or loss. NEW FORM 3 CD 14. (a) Method of valuation of closing stock employed in the previous year. (b) In case of deviation from the method of valuation prescribed under section 145A, and the effect thereof on the profit or loss, please furnish tabular format: Serial number Particulars Increase in profit Decrease in profit 17.Whether any land or building or both is transferred during the previous year for a consideration less than value adopted or assessed or assessable by any authority of a State Government referred to in section 43CA or 50C, furnish (1). Details of property.(2). Consideration received or accrued.(3). Value adopted or assessed or assessable. REMARKS Now required to quantify the effect on profit and loss account in tabular format with mentioned details. Newly inserted clause.

10. OLD FORM 3 CD 14.Particulars of depreciation allowable as per the Income–Tax Act (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, 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 NEW FORM 3 CD 18.Particulars of depreciation allowable as per the Income–Tax Act (i) Central Value Added Tax Credit claimed and allowed under the Central Excise Rules,1944, in respect of assets acquired on or after 1st March 1994, 19.Amounts admissible under sections- Sections added are: 32AC, 35(1)(i), 35(1)(ii), 35(1)(iia), 35(1)(iii), 35(1)(iv),35(2AA),35(2AB). REMARKS Modified value added tax has been replaced with central value added tax. There is no change in the other reporting aspects for depreciation. Addition is reporting requirement for admissible sections.

11. OLD FORM 3 CD 17. Amounts debited to the Profit and Loss Account, being :– (a)expenditure of capital nature; (b)expenditure of personal nature; (c)expenditure on advertisement in any souvenir, brochure, tract, pamphlet or the like, published by a political party; (d)expenditure incurred at clubs, (i) as entrance fees and subscriptions. (ii) as cost for club services and facilities used; (e) (i) expenditure by way of penalty or fine (ii) any other penalty or fine (iii) expenditure incurred for any purpose which is an offence or which is prohibited by law NEW FORM 3 CD 21. (a) please furnish the details of amounts debited to the profit and loss account, being in the nature of capital, personal, advertisement expenditure etc: (a)Expenditure incurred at clubs being cost for club services and facilities used (b) Expenditure by way of penalty or fine for violation of any law for the time being force (c)Expenditure by way of any other penalty or fine not covered above (d)Expenditure incurred for any purpose which is an offence or which is prohibited by law REMARKS Nature of advertisement expenditure is not given. Expense relating to subscription and entrance fee for club is deleted. the words “not covered above” as been added. The presentation is now to be done in a tabular format.

12. OLD FORM 3 CD 17(f). amounts inadmissible under section 40(a); NEW FORM 3 CD 21. (b) Amounts inadmissible under section 40(a):- (i) as payment to non- resident referred to in sub- clause (i) (A) Details of payment on which tax is not deducted (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (B) Details of payment on which tax has been deducted but has not been paid during the previous year or in the subsequent year before the expiry of time prescribed under section 200(1) (I) date of payment (II) amount of payment REMARKS The new form requires detail reporting.

13. OLD FORM 3 CD NEW FORM 3 CD 21. (b) (III) nature of payment (IV) name and address of the payee (V) amount of tax deducted ii) as payment referred to in sub-clause (ia) (A) Details of payment on which tax is not deducted: (I) date of payment (II) amount of payment (III) nature of payment (IV) name and address of the payee (B) Details of payment on which tax has been deducted but has not been paid on or before the due date specified in sub- section (1) of section 139. (I) date of payment (II) amount of payment (III) nature of payment. REMARKS

14. OLD FORM 3 CD NEW FORM 3 CD 21. (b) (IV) name and address of the payer (V) amount of tax deducted (VI) amount out of (V) deposited, if any (iii) under sub-clause (ic) [Wherever applicable] (iv) under sub-clause (iia) (v) under sub-clause (iib) (vi) under sub-clause (iii) (A) date of payment (B) amount of payment (C) name and address of the payee (vii) under sub-clause (iv) (viiii) under sub-clause (v) REMARKS

15. OLD FORM 3 CD 17h(A).Whether a certificate has been obtained from the assessee regarding payments relating to any expenditure covered under section 40 A(3) that the payments were made by account payee cheques drawn on bank or account payee bank draft, as the case may be, (YES /NO) NEW FORM 3 CD 21. (d) Disallowance/deemed income under section 40A(3): (A) On the basis of the examination of books of account and other relevant documents/evidence, whether the expenditure covered under section 40A(3) read with rule 6DD were made by account payee cheque drawn on a bank or account payee bank draft. If not, please furnish the details: (B) On the basis of the examination of books of account and other relevant documents/evidence, whether the payment referred to in section 40A(3A) read with rule 6DD were made by account payee cheque drawn on a bank or account payee bank draft If not, please furnish the details of amount deemed to be the profits and gains of business or profession under section 40A(3A REMARKS The new form required to examine and furnish the following details: 1.Date of payment 2.Nature of payment. 3.Amount 4.Name and PAN of payee.

16. OLD FORM 3 CD 22. Amount of Modified Value Added Tax credits availed of or utilised 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. NEW FORM 3 CD 27. Amount of Central Value Added Tax credits availed of or utilised during the previous year and its treatment in the profit and loss account ant treatment of outstanding Central Value Added Tax credits in the account 28. Whether during the previous year the assessee has received any property, being share of a company not being a company in which the public are substantially interested, without consideration or for inadequate consideration as referred to in section 56(2)(viia), if yes, please furnish the details of the same. REMARKS No change except that MODVAT is replaced with CENVAT. Newly inserted clause.

17. OLD FORM 3 CD 24(c). Whether a certificate has been obtained from the assessee regarding taking or accepting loan or deposit, or repayment of the same through an account payee cheque or an account payee bank draft NEW FORM 3 CD 29. Whether during the previous year the assessee received any consideration for issue of shares which exceeds the fair market value of the shares as referred to in section 56(2)(viib), if yes, please furnish the details of the same. 31(c). Whether the taking or accepting loan or deposit, or repayment of the same were made by account payee cheque drawn on a bank or account payee bank draft based on the examination of books of account and other relevant documents REMARKS Newly inserted clause.

18. OLD FORM 3 CD 25(a)Details of brought forward loss or depreciation allowance, in the following manner, to the extent available: (b)Whether a change in shareholding of the company has taken place in 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. NEW FORM 3 CD 32(c) Whether the assessee has incurred any speculation loss referred to in section 73 during the previous year, If yes, please furnish the details of the same. (d) whether the assessee has incurred any loss referred to in section 73A in respect of any specified business during the previous year, if yes, please furnish details of the same. (e) In case of a company, please state that whether the company is deemed to be carrying on a speculation business as referred in explanation to section 73, if yes, please furnish the details of speculation loss if any incurred during the previous year. REMARKS The sub clause (c), (d) and (e) are newly added.

19. OLD FORM 3 CD 26.Section-wise details of deductions, if any, admissible under Chapter VI-A. 27. Whether the assessee has complied with the provisions of Chapter XVII-B regarding deduction of tax at source and regarding, the payment thereof to the credit of Central Government. 28(b). In the case of a Manufacturing Concern, give quantitative details of the principal items of Raw Materials, Finished Products and By–Products: *Information may be given to the extent available. nj NEW FORM 3 CD 33. Section-wise details of deductions, if any, admissible under Chapter VIA or Chapter III (Section 10A, Section 10AA). 34.Whether the assessee is required to deduct or collect tax as per the provisions of Chapter XVII- B or Chapter XVII-BB, if yes please furnish: 35(b). In the case of a Manufacturing Concern, give quantitative details of the principal items of Raw Materials, Finished Products and By–Products : REMARKS Deductions admissible under Chapter III are also required to be reported. Along with TDS, TCS complied or not are required to be reported in a detailed provided format. Star mark and relevant explanation has been removed

20. OLD FORM 3 CD 29.In the case of a domestic company, details of tax on distributed profits under section 115-O in the following form :- a)Total amount of distributed profits b)Total tax paid thereon c)Date of Payments with Amount NEW FORM 3 CD 36.In the case of a domestic company, details of tax on distributed profits under section 115-O in the following form :- a)Total amount of distributed profits b)amount of reduction as referred to in section 115- O(1A)(i); c)amount of reduction as referred to in section 115- O(1A)(ii); d)Total tax paid thereon e)Date of Payments with Amount. REMARKS Insertion of 115- O(1A)(i) and (ii).

21. OLD FORM 3 CD 30. Whether any Cost Audit was carried out, if yes, enclose a copy of the report of such audit [See section 139(9)]. 31. Whether any audit was conducted under the Central Excise Act, 1944, if yes, enclose a copy of the report of such audit. NEW FORM 3 CD 37.Whether any Cost Audit was carried out, if yes, give the details, if any, of disqualification or disagreement on any matter/item/value/quanti ty as may be reported / identified by the auditor. 38. Whether any audit was conducted under the Central Excise Act, 1944, if yes, give the details, if any, of disqualification or disagreement on any matter/item/value/quanti ty as may be reported / identified by the auditor. REMARKS Inserted of enclosing Cost Audit Report, disqualifications, disagreements etc to be reported Inserted of enclosing Excise Audit Report, disqualifications, disagreements etc to be reported.

22. OLD FORM 3 CD There was no such reporting clause. 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 NEW FORM 3 CD 39. Whether any audit was conducted under section 72A of the Finance Act, 1994 in relation to valuation of taxable services. Finance Act, 1994 in relation to valuation of taxable services. If yes, give the details, if any, of disqualification or disagreement on any matter/item/value/quantity as may be reported / identified by the auditor. 40.Details regarding turnover, gross profit, etc., for the previous year and preceding previous year: 1) Total turnover of the assessee 2)Gross profit/turnover 3)Net profit/turnover 4)Stock-in-trade/ turnover 5)Material consumed/finished goods produced REMARKS Service Tax Audit remarks also to be enclosed. Preceding previous year data also to be submitted. Total turnover in the serial 1 has been added. The term “calculations” has been dropped.

23. OLD FORM 3 CD There was no such reporting clause. ** Signed NEW FORM 3 CD 41. Please furnish the details of demand raised or refund issued during the previous year under any tax laws other than Income Tax Act, 1961 and Wealth tax Act, 1957 along with details of relevant proceedings. ** ( Signature and stamp/ seal of the signatory REMARKS Newly inserted New requirement to provide Stamp/Seal of the signatory