FORM NO. 3CEA
[See rule 6H]
Report of an accountant to be furnished by an assessee under sub-section (3) of section 50B of the
Income-tax Act, 1961 relating to computation of capital gains in case of slump sale
1. Particulars of the assessee effectin the slump sale :
…………………………………
…………………………………
(a) Name
(b) Address
…………………………………
(c) Permanent account number
…………………………………
(d) Nature of business
2. Details of undertaking or division, transferred by way o slump sale :
…………………………………..
(a) Address/Location
(b) Nature of business
…………………………………..
3. (a) Book value of the fixed assets of the assessee effecting the slump sale …………………………………..
…………………………………..
(b) Book value of the fixed assets of the undert aking or division, transferred
by way of slump sale
……………………………………
(c) Ratio of (b) to (a)
(d) Where the assessee has more than one undertaking or division, being
transferred by way of slump sale, the ratio as computed in item 3(c)
above in respect of each undertaking or division
………………………………….
4. Name, address and permanent account number of the person who has
purchased the undertaking of division referred to in item 2. ……………………………………
5. Date of slump sale of the undertaking or division referred to in item 2. …………………………………….
6. Amount of consideration received for slump sale referred to in item 2. ……………………………………
7. Net worth of the assessee effecting the slump sale :
……………………………………
(a) Paid up capital
(b) Free reserves credited out of the profits and share premium account but
does not
include reserves credited out of revaluation of assets, write back of
depreciation
provisions and amalgamation :
(i)
Rs………………………………..
Rs………………………………..
(ii)
Rs………………………………..
(iii)
Rs………………………………..
(iv)
Rs………………………………..
(c) Total
8. Indicate the computation of the net worth of the undertaking or division
referred to in item 2 which is transferred by way of slump sale.
(Net worth of the undertaking or division should be computed keeping in
view the ratio mentioned in item 3(c) above. Please attach separate sheet, if
necessary)
……………………………………
………………………………………………….
Signed
Accountant
Certification
I/We ……………………………………….(name) have examined the accounts and records of ……………………….
during the year ended on …………………………………………………………….. (name and address of the assessee)
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 ascertaining and computing the net worth of the undertaking or
division which has been transferred by way of slump sale.
I/We certify that the net worth of the undertaking or division has been computed correctly in accordance
with the provisions of section 50B of the Income-tax Act, 1961.
Place………………………………
……………………………………………….
Signed
Date……………………………….
Accountant