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FORM NO. 6B

FORM NO. 6B

[See rule 14A]

Audit report under section 142(2A) of the Income-tax Act, 1961

*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 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 visited by me/us so far as appears from my/our

examination of books, and proper returns adequate for the purposes of audit have been received from branches

not visited by *me/us subject to the comments given below:

In my/our opinion and to the best of my/our information and according to 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, of the profit or loss of the above named assessee for the

accounting year ending on..............

The prescribed particulars and such other particulars as were required by the Assessing Officer

................................ by his order No. ........................ dated............... are annexed hereto. In *my/our opinion

and to the best of my/our information and according to explanations given to me/us, these are true and

correct

Place....................

 …………………………

Date.....................

 Signed

Accountant**·

Notes:

1. *Delete whichever is not applicable.

2. **This report has to be given by the accountant nominated by the Chief Commissioner or Commis-

sioner of Income-tax under section 142(2A).

3. 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.

 ANNEXURE

Statement of particulars

1. Books of account maintained

2. Method of accounting employed. Indicate whether there is

any change from the method of accounting employed in the

immediately preceding previous year

3. (i) Method of valuation of opening and closing stock of—

(a) Raw materials

(b) Stores

(c) Work-in-progress

(d) Stock-in-trade

(ii) State whether there is any change in the method of valu-

ation of any of the aforesaid items as compared to the

method employed in the immediately preceding previ-

ous year



(iii) If the answer to (ii) above is in the affirmative, specify

the amount by which the profit or loss for the year has

been affected by such change

4. In respect of items manufactured, full quantitative details of

raw materials and finished products as indicated below :

Raw materials

(a) Opening stock

(b) Purchases during the year

(c) Consumption during the year

(d) Sales during the year

(e) Closing stock

(f) Yield of finished products

(g) Percentage of yield

(h) Shortage

Finished products

(a) Opening stock

(b) Purchases during the year

(c) Quantity manufactured during the year

(d) Sales during the year

(e) Closing stock at the end of the year

(f) Shortage and percentage thereof

Notes :

1. Separate quantitative details on the above lines should be

given in respect of by-products, if any.

2. Where the assessee is a dealer in goods, quantitative details

on the above lines should be given in respect of the goods

dealt in?

5. (i) Has the assessee conducted physical verification of raw

materials, stores and finished products, or the goods

dealt in?

(ii) Details of discrepancies, if any

6. (a) Amount of expenditure incurred by the assessee in

respect of:

(i) Advertisement

(ii) Maintenance of accommodation in the nature of

guest house

(iii) Travelling

(iv) Entertainment [including the amount of entertain-

ment allowance paid to any employee or other

person]

(b) Whether the expenditure incurred by the assessee in

respect of any of the items referred to in (a) above ex-

ceeds the amount admissible under the Income-tax Act/

Rules? If so, give details.



7. Where the assessee is a firm, details of payments by way of

interest, salary, bonus, commission or remuneration to the

partners of the firm

8. Where the assessee is a company, give details of —

(i) Any expenditure which has resulted directly or indi-

rectly in the provision of any remuneration, benefit or

amenity to (a) a director; (b) a person who has a sub-

stantial interest in the company; and (c) a relative of

the director or of such person

(ii) Any expenditure or allowance in respect of assets of

the company used wholly or partly for the purposes or

benefit of any of the persons referred to in (i) above

[state whether any such person is an employee of the

assessee or not]

9. Details of amounts not deductible under section 40A:

(a) Particulars of payments which appear to be excessive

or unreasonable in terms of section 40A(2)(a)

(b) Particulars of payments in excess of Rs. 2,500 made

otherwise than by a crossed cheque or draft – section

40A(3)

(c) Particulars of expenditure or allowance in excess of the

limits specified in section 40A(5)(c)

(d) Particulars of expenditure incurred by way of fees and

salary to an ex-employee in excess of Rs. 60,000 – sec-

tion 40A(6)

(e) Provisions for payment of gratuity not allowable – sec-

tion 40A(7)

(f) Where the assessee is a company, the amount of inter-

est on deposits not allowable under section 40A(8)

10. Whether any amount is borrowed on a hundi from, or any

amount due thereon (including interest on the amount bor-

rowed) is repaid to, any person otherwise than through an

account payee cheque? If so, give details.

11. (a) Particulars of proforma credits/drawback/ refund of

duties of customs or excise or both/refund of sales tax.

Whether they have been credited to the profit and loss

account?

(b) Particulars of expenditure/income of any earlier year

debited/credited to the profit and loss account of the

relevant previous year

(c) Particulars of any liability of a contingent nature deb-

ited to the profit and loss account

12. Particulars of each loan taken by the assessee (other than

any loan taken from a bank or financial institution) in the

following form:

(i) Name, address and permanent account number of the

lender

(ii) Whether amount borrowed on hundi?

(iii) Whether loan account squared up during the year?



(iv) Maximum amount outstanding at any time during the

year and rate of interest paid

(v) Details of security including collateral security offered,

if any

(vi) Name and address of the guarantor, if any

13. Particulars of each loan/overdraft taken from a bank or fi-

nancial institution in the following form :

(i) Maximum amount outstanding at any time during the

year

(ii) Details of security including collateral security offered,

if any

(iii) Name and address of the guarantor, if any

14. Whether the assessee has deducted tax at source amount so

deducted to the credit of the Central Government in accor-

dance with the provisions of Chapter XVIIB? If not, give

details of defaults committed

15. (a) Details of taxes, duties, etc., paid by the assessee dur-

ing the previous year

(b) Whether any discrepancy has been noticed in the re-

spective dates of payments and the entries in the books

of account? If so, give particulars thereof


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