Printed from www.taxmann.com FORM NO. 3AAA [See rule 5AB] Audit Report under section 32AB(5) Part I Audit report under section 32AB(5) 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 *I/We have to report that the statutory audit of _________________________________________________ [name and address of the assessee] _________________________________________________ [permanent account No.] was conducted by *me/us/M/s _______________________________________________in pursuance of the provisions of the ______________ Act, and *I/we 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 proviso to section 32AB(5) is furnished in Part III of this Form. In *my/our opinion and to the best of *my/our information and according to the explanations given to *me/us, the particulars given in Part III of this Form are true and correct. Place Date **Signed Notes : 1. *Delete whichever is not applicable. 2. Where any of the matters stated in this report is answered in the negative or with a qualification, the report shall state the reasons therefor. 3. **This report has to be given by (i) a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 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. Part II Audit report under section 32AB(5) of the Income-tax Act, 1961, in a case where the accounts of the business or profession of a person have not been audited under any other law *I/We have examined the balance sheet of _________________________________________________ [name and address of the assessee] _________________________________________________ [permanent account No.] as at _________________________________________________and the *profit and loss account/income and expenditure statement for the year ended on that date which are in agreement with the books of account maintained at the head office at ________________ and branches at ________________. *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. In *my/our opinion, proper books of account have been kept by the head office and the branches of the assessee so far as appears from *my/our examination of books, subject to the comments given below : In *my/our opinion and to the best of *my/our information and according to the explanations given to *me/us, the said accounts give a true and fair view (i) in the case of the balance sheet, of the state of the abovenamed assessee's affairs as at ________________; and (ii) in the case of the *profit and loss account/the income and expenditure statement, of the profit or the income or loss of the abovenamed assessee for the accounting year ending on ________________. The particulars required for verification of the claim for deduction under section 32AB are given in Part III of this form. In *my/our opinion and to the best of *my/our information and according to the explanations given to *me/us, the particulars given in Part III hereof are true and correct. Printed from www.taxmann.com Place Date Signed **Accountant Notes : 1. *Delete whichever is not applicable. 2. Where any of the matters stated in this report is answered in the negative or with a qualification, the report shall state the reasons therefor. 3. **This report has to be given by (i) a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 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. Part III Statement of particulars relating to the claim for deduction under section 32AB 1. Books of account examined. 2. Method of accounting employed [Please indicate whether there is any change from the method of accounting employed in the immediately preceding previous year]. 3. Whether separate accounts in respect of eligible business or profession are maintained. 4. If the answer to item 3 above is in the affirmative, please indicate (irrespective of whether the assessee is a company
