FORM NO. 3AD
[See rule 5AD]
Audit Report under section 33ABA(2)
PART I
Audit report under section 33ABA(2 ) of the Income -tax Act, 1961, in a case where the accounts of
the business of a person have been audited under any other law
I/We have to report that statutory audit of
…………………………………………………………………………………………………………………………………………………..
[ name and address of the assessee with ……………………………………………. was conducted by me / us / M/s
……………………..……… in pursuance of the Permanent Account No.] 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 33ABA(2) 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……………………………….
……………………………………………………..
Signature
Accountant
Date……………………………….
Part II
Audit report under section 33ABA(2) of the Income -tax Act, 1961 in a case where the
accounts of the business 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 with
………………………………………… as at ………….………………… and the profit and loss account/income and Permanent
Account No.] 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 t he 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 above named assessee's affairs as at ………………..
…………………………….; and
(ii) in the case of the profit and loss account / income and expenditure statement, of the profit or the
income or loss of the above named assessee for the year ended on ……………….…………………
The particulars required for verification of the claim for deduction under section 33ABA(2) are given in
Part III of this Form. In my / our opinion and to the best of my / o ur information and according to the
explanations given to me/us, the particulars given in Part III hereof are true and correct.
Place…………………………..
……………………………………………………………….
Date ………………………….
Signature Accountant
Part III
Statement of particulars relating to the claim for deduction under section33ABA
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 are maintained in respect of business consisting of the prospecting for, or extraction
or production of , petroleum or natural gas or both in India.
4. If the answer to item 3 above is in the affirmative please indicate the profits of such business, computed under the
head "Profits and gains of business or profession" before making any deduction under section 33ABA.
5. In case separate accounts are not maintained or are not available, please indicate-
(i) total sales or turnover of business consisting of the prospecting for, or extraction or production of, petroleum or
natural gas or both in India;
(ii) total sales or turnover of assessee's business;
(iii) total profits of the assessee's business computed under the head "Profits and gains of business or profession"
before making any ded uction under section 33ABA; and
(iv) the proportionate profit of the business consisting of the prospecting for, or extraction or production of,
petroleum or natural gas or both in India.
6. The amount deposited before the end of the previo us year with the State Bank of India in accordance with the
Scheme. (Please indicate the account number of the branch of the concerned State Bank of India and the dates and
the amount of deposits).
7. Amount of interest credited to the account under the scheme during the previous year.
8. Withdrawals made from the account referred to in item 6 with the dates and amounts of withdrawals.
9. Purposes for which withdrawals referred to in item 8 were made. [Please indicate whether it is for the purposes
specified in the scheme.]
10. The amounts utilised out of the withdrawals referred to in item 8 above with details regarding the purpose for
which and the dates on which the amounts were utilised.
11. Please indicate whether any amount has been utilis ed for the purchase of any item referred to in section
33ABA(4) or has been claimed as an allowance in computing the income chargeable to tax under the head "Profits
and gains of business or profession".
12. The amounts withdrawn from the State Bank of India but not utilised during the previous year for the purposes
specified in the Scheme.
13. Whether any assets acquired in accordance with the provisions of the Scheme are sold or otherwise transferred
during the previous year. If the answer is in the affirmative, please indicate separately in respect of each asset, the
date of acq uisition, cost of acquisition, date of sale or transfer, consideration for sale or transfer and the name(s) of
the person(s) to whom the asset was sold or transferred.
14. The amount of deduction permissible in accordance with the provisions of section 33ABA.
……………………………………………………………….
Signature