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Balance Sheet as on 31.3.

07

PARTICULARS SCH 31-3-07 31-3-06

SOURCES OF FUNDS

Share Capital 1 - -

Reserves & Surplus 2 - -

Loan Funds 13 - -

GRAND TOTAL - -

APPLICATION OF FUNDS

Fixed Assets 3

Gross Block - -
Less : Accumlated Depreciation - -
Net Block - -

Investments 11 - -

Current assets, Loans & Advances

Interest accrued on Investments


Stores & Spare parts
Loose Tools
Inventories 7 - -
Work In Progress - -
Sundry Debtors 4 - -
Cash & Bank Balances 6 - -
Deposits - -
Loans & Advances 5 - -

(A) - -

LESS : CURRENT LIABLITIES & PROVISIONS

Current Liablities

Sundry Creditors 9 - -
Acceptances - -
Advances Recieved - -
Investor Education and Protection Fund 14 - -
Interest Accrued but not due - -

Provisions

Porposed Dividend - -
For Taxation - -
For Losses in Subsidary Companies - -
For Contingencies - -
For Providend Fund Scheme - -
Other Provisions - -

(B) - - ABC:
To be added to Cost
once the plant or
NET CURRENT ASSETS (A)-(B) - - construction is over.

MISCELLANEOUS EXPENDITURE
ABC:
To be added to Cost
once the plant or
construction is over.

Preliminary Expenses - -
Commission / Brokerage in Underwriting of Shares - -
Discount on Issue of Shares / Debentures - -
Interest on Capital during Construction U/S 208 - -
Other Capital Expenses - -

- -

GRAND TOTAL - -

As per our Report of even date Annexed


For Raj & Subramanian
Chartered Accountants

Partner

Place : Chennai Director Director


Date :
Profit & Loss account for the year ended 31-3-07

PARTICULARS SCH 31-3-07 31-3-06

( A ) INCOME

Sales - -

Other Income 10 - -

Total A - -

( B ) EXPENDITURE

Cost of Goods Sold 7 - -

Production Overheads 9 - -

Administration & Selling Expenses 8 - -

Depreciation & Amortisation 3 - -

Finance & Interest Charges - -

Total B - -

Net Profit / ( Loss ) Before Tax ( A ) - ( B ) - -

Provision for Taxation - -


Provision for FBT - -

Net Profit available for Appropriation - -

Less : Transfer to Reserves

For Repayment of Share Capital - -


For Repayment of Loans - -
For Other Reserves - -

Add : Reserves Written Back

Share Capital Repayment Reserve - -


Loan Repayment Reserve - -
Other Reserves - -

Profits Carried to Balance Sheet - -

As per our Report of even date Annexed


For Raj & Subramanian
Chartered Accountants

Partner

Place : Chennai Director Director


Date :
SCHEDULES FORMING PART OF BALANCE SHEET

Particulars 31-3-07 31-3-06

SCH : 1 : SHARE CAPITAL

Authorised Capital

250000 Equity Shares of Rs 10/- each - -


Less : 200000 un issued Equity shares of Rs 10/- each - -

Issued Capital

50000 Equity Shares of Rs 10/- each - -


Less : 5000 shares Unsubscribed - -

Subscribed Capital

45000 Equity Shares of Rs 10/- each - -


Less : Uncalled to Extent of Rs 8/ each - -

Called up Capital

45000 Equity Shares of Rs 2/- each - -


Less : Calls Un paid - -
Add : Share Forfieted - -

Paid Up Capital

- -

SCH : 2 : RESERVES AND SURPLUS

Profit and Loss account

Opening balance - -
(+) Net Profit For the current year - -
(-) Proposed Dividends - -
(-) Interim Dividends - -

- -

Capital Redemption Reserve

Opening Balance - -

(+) Current Year Transfer - -


(-) Written Back in Current Year - -

Closing Balance - -

Share Premium Account

Opening Balance - -
Add : Share premium credited on Share issue - -
Less : Premium Utilised for various reasons

Premium on Redemption of Debentures - -


For Issuing Bonus Shares - -
For Adjusting with P&L Debit Balance - -

- -

Loan Redemption Reserves

Opening Balance - -

(+) Current Year Transfer - -


(-) Written Back in Current Year - -

Closing Balance - -

General Reserves

Opening Balance - -

(+) Current Year Transfer - -


(-) Written Back in Current Year - -
(-) Proposed Dividends - -
(-) Interim Dividends - -

Closing Balance - -

Other Reserves - -

- -
SCH : 5 : LOANS & ADVANCES:

Advances

Directors Current Account - -


Rent Advance - -
Salary Advance - -
To Subsidary Companies - -
To Partnership firms in which company or its subsidary is a partner - -
Bills of Exchange - -
Balances with Customs & Port Trust - -

Deposits

Sales Tax Deposit - -


Other Deposits - -
- -

SCH : 6 : CASH & BANK BALANCES :

Cash In hand - -
Bank Balance
In XYZ Bank - Current Account (Maximum Outstandig during the year is Rs xxx) - -
In XYZ Bank - Call Accounts (Maximum Outstandig during the year is Rs xxx) - -

- -

SCH : 9 : SUNDRY CREDITORS

Creditors for Expenses

Audit Fees Payable - -


Directors Remuneration - -
Rent Payable - -
Salaries Payable - -

Other Creditors

Mr X - -
Mr Y - -
Mr z - -

- -

SCH : 11 : INVESTMENTS

Investments in Government Securities

Security 1 - -
Security 2 - -

Investments in Shares

Fully paid up Shares

In Fully paid Equity Shares (Current Market Value of Rs XXX) - -


In Fully paid Preference Shares (Current Market Value of Rs XXX) - -

Partly Paid up Shares

In Partly paid Equity Shares (Current Market Value of Rs XXX) - -


In Partly paid Preference Shares (Current Market Value of Rs XXX) - -

Investments in Debenture and Bonds

15% Debentures of XYZ Ltd - -


13 % Bonds of ABC Ltd - -

Investments in Immovable Property

Property at xxx - -
Property at ABC - -

Investment in Partnership Firms

IN Capital of ABC Ltd - -


IN Capital of XYZ Ltd - -

Balance of Un utilised money Advanced for Acquiring Security - -

- -

SCH : 13 : LOAN FUNDS

Secured Loans (Inclusive of Interest thereon)

13 % Debentures Redeemable at Rs 105/- on 31-8-08 secured by xxxx - -


Bank Loans secured by xxx - -
Loans From Directors secured by xxx - -
Loans from Subsidary Companies secured by xxx - -
Loans Gaurenteed by Mr X , the Director - -
Un Secured Loans (Inclusive of Interest thereon)

Fixed Deposits - -

Loans and Advances from Subsidary Companies - -

Short Term Loans & Advances from Banks


Tamil Nadu Mercantile Bank Current Account - -
State Bank Of India - Cash Credit Account - -

Other Loans and Advances - -

- -

SCH : 14 : INVESTOR EDUCATION AND PROTECTION FUND

On Unpaid Dividend - -
On Application Money received and refund not collected - -
On Unpaid Matured Deposits - -
On Interest on the above - -
On Unpaid Matured Debentures - -
On Interest on the above - -

- -

SCH : 4 : SUNDRY DEBTORS

A - -
B - -
C - -
Others - -
- -

Debtors less than 6 months - -


Debtors more than 6 months - -
Less : Provisions - -
- -

Debts Considered good with security - -


Debts Considered good without Security - -
Debts considered Doubtful / bad - -

- -

Debts due from Directors / Officers - -


Debts due from M/s XYZ where Mr A the director is partner - -
Debts due from XYZ (P) Ltd where Mr A is the director - -
Debts due from Companies With Same management u/s 370 - -
Other Debts - -
- -

The Maximum Amount due by directors during the year are as follows

1. Mr A - -
2. Mr B - -
SCHEDULES FORMING PART OF PROFIT & LOSS A/C

Particulars 31-3-07 31-3-06

SCH : 7 :COST OF GOODS SOLD :

Opening Stock - -

ADD : Purchases - -
Cold Storage - -
Chemicals - -
Consumption of Raw Materials - -
Dry Ice - -
Packing Materials - -
Freight Charges - -
Transportation Charges - -

- -
LESS : Closing Stock - -
- -

SCH : 8 : ADMINISTRATIVE & SELLING EXPENSES :

Advertisement - -
Annual Gifts - -
Auditos Remuneration

Auditors Fees towards Audit - -


Auditors Fees towards Consultation - -
Auditors Fees towards Expenses reimbursement - -

Bad Debts - -
Bonus - -
Business Promotion Expenses - -
Clearing & Forwarding - -

Commission
To Sole Selling Agents - -
To Other Selling Agents - -
To Manging Agents other than Directors - -
To Others - -

Compensation and Damages paid

On Account of Law Suits - -


Other Voluntary Compensation paid - -

Computer Repairs & Maintenance - -


Contribution to Providend Fund - -
Conveyance - -
Deferred Revenue Expenditure W/o - -
Discount on Sales - -
Directors Remuneration

Fixed Remuneration - -
Commission to Managers as a Percent of profits - -

Donation - -
Electricity Charges - -
Entertainment Expenses - -
Export Freight - -
Incentives - -
Insurance - -

Interest On Company's Debenture / Loan


To Managing Director / Managing Agents / Director / Seceretary - -
To Others - -

Legal Fees - -
Loading Charges - -
Market Survey Expenses - -
Medical Reimbursement - -
Misc Expenses - -
Monitoring Fees - -
Office Maintenance - -
Office Welfare - -
Packing Materials - -
Postage & Telegrams - -
Preliminary Expenses Written Off - -
Processing Charges - -
Printing & Stationery - -
Quotation Charges - -
R & D Expenses - -

Rates & Taxes


Income Tax in India - -
Other Indian Taxes (Please Specify the names) - -
Taxes paid other than in India - -
Taxes on Excess or Abnormal Profit as notified by Central Govt. - -

Registration Fees - -
Rent - -
Repairs & Maintenance - -
Retainer Fees - -
Salaries - -
Security Charges - -
Service Charges - -
Staff Welfare Expenses - -
Storing Charges - -
Subscription - -
Telephone Charges - -
Tour Expenses - -
Travelling Expenses - -
Tsunami Relief Fund - -
Uniform - -
Vehicle Maintenance - -

- -

SCH : 9 : PRODUCTION OVERHEADS

Consumption of Raw Materials - -


Consumption of Stores & Spares - -
Power & Fuel - -
Labour Expenses - -
Factory Rent - -

- -

SCH : 10 : OTHER INCOME

Income From Investments


- -
From Trade Investments - -
From Non Trade Investments
Dividend income From Subsidary Companies - -
Dividend income From Other Companies - -

Profit on Sale of Investments - -


Loss on Sale of Investments - -

Other Income - -

- -
NOTES TO PROFIT AND LOSS ACCOUNT

1. Managerial Remuneration

The Remuneration paid / payable to the various Managers and Directors


U/S 198 of the Indian Companies Act

PAID TO
Mr. X (Managing Director)
Mr. Y(Managing Agent)
Mr. Z (Seceretary & Treasurer)

Total

Other Remunerations

Pensions Provisions
Gratuity Provisions
Payments from Providend fund in excess of own Subscription
Interest on the above

2. Perquisites
NATURE OF PERQUSITE

Total

3. Value of Imports during the year at CIF Value are as follows

RAW MATERIALS

Product 1
Product 2
Product 3

Total

SPARES AND STORES

Product 1
Product 2
Product 3
Total

CAPITAL GOODS

Product 1
Product 2
Product 3

Total

4. The following expenditure were incurred in Foreigh currency during the year

Expenditure

Royalty
Know How acquisition
Professional fees & Consultation fees
Interest
Other Expenses

Total

5. Amount Remitted in Foreign Currency during the year are as follows

6. The Following earnings were received in foreign currency during the year

Date Particulars

- Export of Goods (FOB) Value


- Royalty
- Know How
- Professional & Consultation Fees
- Interest and Dividend
- Other Income

Total

7. Dividend Details

Dividends Proposed to be Paid during the year


Less : TDS Deductable on the above
Net Dividend Payable during the succeeding year

Net Dividends Paid during the year


TDS on the Above
Total dividends Paid during the year

8. Profits U/S 349 and Calculation of Commission to Managing Agents

PARTICULARS

Net Profit Earned During the year

Add :

Income Tax Provided


Super Tax Payable if Included in other Indian Taxes in Schedule
Directors Remuneration
ABC: Voluntary Damages paid otherwise than by way of Legal liablity
Bought forward sec 349
loss
Less :

Excess of Expenditure over income in computation of profits


under this section of previous year(s)

Other Profits of Capital Nature considered in P&L Account


due to accounting policy

Profits U/S 349 of Companies Act

REMUNERATION DETAILS

Maximum Remenuration To Managing Agents other than Directors


being an employee

Ceiling on a Director on Per Head Basis for WHOLE TIME DIRECTORS / MD


Ceiling on a Director on Over - all Basis for WHOLE TIME DIRECTORS / MD

Ceiling on DIRECTORS OTHER THAN WTD's / MD's

If the company contains WTD / MD


If the company does not contain WTD / MD

Other Commission based on Net profits (Sec 349 is compulsory)

To Mr X
To Mr Y
NOTES TO BALANCE SHEET

Sl No Contingent Liablities

1 Claims against the company not acknowledged as Debts


2 Uncalled Liablity on shares Partly paid up
3 Arrears of Fixed Cumulative Dividends
4 Estimated Amount of Contract remaining to be executed of capital Nature and
Not Provided for
5 Other Contingent Liablities
AMOUNT

-
-

-
-
-
-

PROVIDED TO VALUE THEREOF

- -
- -

- -

CIF VALUE

-
-
-

CIF VALUE

-
-
-
-

CIF VALUE

-
-
-

Amount Currency

- -
- -
- -
- -

- -

Amount in Foreign Amount recorded


Currency in Books

- -
- -
- -
- -
- -
- -

- -

-
-
-

-
-
-

ABC:
To be keyed in since
AMOUNT AMOUNT formula will lead to
circular ref

-
-
-
- -

- -

ACTUAL AMOUNT MAXIMUM CEILING

- -
- -

- -
- -

- NA
- NA
-
-
-
-
-
-
VICTORIA FRESH SEAFOODS ( P ) LTD
3, 3RD FLOOR, GOKUL ARCADE
NO 2, SP ROAD, CHENNAI - 20

Calculation of FBT for the Assessment Year 2007-2008

Amount
Particulars (In Rs)

Food & Beverages other than those provided in office &


Through non transferrable paid vouchers -
Conference expenses other than conference fees -
Hotel , Boarding & Lodging facilities -
Telephone expenses -
Travelling expenses -
Staff Welfare -
Conveyance -
Entertainment Expenses -
Vehicle Maintenance and Depreciation thereof -
Sales promotion expenses other than for free samples -

Fringe benefit -
Fringe benefit value is 20% on above -

Free or Concessional Ticket to Employee -


Contribution by Employer to Approved Super Annution
Fund which exceeds Rs 100000 per employee -
Fringe benefit -
Fringe benefit value is 100% on above -

Gifts -
Scholarships -
Club and similar facilities -
Pooja expenses -
Expenses liable for 50 % FBT -
FBT value on above -

Aggregate of Fringe benefit value -

Fringe benefit tax @33.66% on above -


Add : Interest U/s 115 WJ (3) (Note 1) -
Total FBT payable -
Less : Advance FBT -
FBT payable -

###
###
###

Note 1

Advance tax shall be paid as under :

Quarter Ended Fringe Fringe benefit Fringe benefit


Benefit Value Tax

30-6-06 - - -
30-9-06 - - -
31-12-06 - - -
31-3-07 - - -

Total - - -

Interest Calculation U/s 115 WJ (3)

Quarter Ended Advance Advance tax Shortfall Delay in Interest


tax payable paid months @1%

30-6-06 - - - - -
30-9-06 - - - - -
31-12-06 - - - - -
31-3-07 - - - - -

Total - - -
Quarter wise FBT break up for the Financial year 2006 - 2007

Particulars Q1 Q2 Q3 Q4 Total

Free or Concessional Ticket to Employee - - - - -


Contribution by Employer to Approved Super Annution
Fund which exceeds Rs 100000 per employee - - - - -
Expenses Liable for 100 % FBT - - - - -
FBT on above @ 33.66 % - - - - -

Food & Beverages other than those provided in office & Through
non transferrable paid vouchers - - - - -
Conference expenses other than conference fees - - - - -
Hotel , Boarding & Lodging facilities - - - - -
Telephone expenses - - - - -
Travelling expenses - - - - -
Staff Welfare - - - - -
Conveyance - - - - -
Entertainment Expenses - - - - -
Vehicle Maintenance and Depreciation thereof - - - - -
Sales promotion expenses other than for free samples - - - - -
Expenses liable for 20 % FBT - - - - -
FBT value on above - - - - -
FBT on the above @ 33.66% - - - - -

Gifts - - - - -
Scholarships - - - - -
Club and similar facilities - - - - -
Pooja expenses - - - - -
Expenses liable for 50 % FBT - - - - -
FBT value on above - - - - -
FBT on the above @ 33.66% - - - - -

Total FBT Value for Quarter - - - - -


Total Fringe benefits for quarter - - - - -
ABC:
Should be as per Cost
accounting standards

QUANTITATIVE DETAILS FOR THE YEAR 1-4-06 TO 31-3-07

CAPACITY DETAILS FOR THE YEAR

PARTICULARS PRODUCT 1 PRODUCT 2 PRODUCT 3


(In Units) (In Units) (In Units)

Licenced Capacity under xxxx Act - - -


Installed Capacity - - -
Actual Production - - -

SALES DURING THE YEAR

CURRENT YEAR PREVIOUS YEAR


PARTICULARS
QUANTITY AMOUNT QUANTITY AMOUNT
( IN UNITS) ( IN UNITS)

Product 1 - - - -
Product 2 - - - -

TOTAL - - - -

RAW MATERIALS CONSUMED DURING THE YEAR (TOTAL)

CURRENT YEAR PREVIOUS YEAR


PARTICULARS
QUANTITY AMOUNT QUANTITY AMOUNT
( IN UNITS) ( IN UNITS)

OPENING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (A) - - - -

PURCHASES DURING THE YEAR

Product 1 - - - -
Product 2 - - - -

TOTAL (B) - - - -

TOTAL (C) (A+B) - - - -

LESS : CLOSING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (D) - - - -

RAW MATERIALS CONSUMED - - - -


DURING THE YEAR ( C ) - ( D )

RAW MATERIALS CONSUMED DURING THE YEAR (IMPORTED)


CURRENT YEAR PREVIOUS YEAR
PARTICULARS
QUANTITY AMOUNT QUANTITY AMOUNT
( IN UNITS) ( IN UNITS)

OPENING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (A) - - - -

IMPORTS DURING THE YEAR

Product 1 - - - -
Product 2 - - - -

TOTAL (B) - - - -

TOTAL (C) (A+B) - - - -

LESS : CLOSING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (D) - - - -

IMPORTED RAW MATERIALS CONSUMED


- - - -
DURING THE YEAR ( C ) - ( D )
ABC:
PERCENTAGE OF IMPORTED RAW MATERIAL Since 0 / 0 it shows
#DIV/0! #DIV/0! #DIV/0! #DIV/0! error
CONSUMPTION TO TOTAL CONSUMPTION

STORES CONSUMED DURING THE YEAR ( TOTAL )

CURRENT YEAR PREVIOUS YEAR


PARTICULARS
QUANTITY AMOUNT QUANTITY AMOUNT
( IN UNITS) ( IN UNITS)

OPENING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (A) - - - -

PURCHASES DURING THE YEAR

Product 1 - - - -
Product 2 - - - -

TOTAL (B) - - - -

TOTAL (C) (A+B) - - - -

LESS : CLOSING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (D) - - - -
STORES CONSUMED - - - -
DURING THE YEAR ( C ) - ( D )

STORES CONSUMED DURING THE YEAR ( IMPORTED)

CURRENT YEAR PREVIOUS YEAR


PARTICULARS
QUANTITY AMOUNT QUANTITY AMOUNT
( IN UNITS) ( IN UNITS)

OPENING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (A) - - - -

PURCHASES DURING THE YEAR

Product 1 - - - -
Product 2 - - - -

TOTAL (B) - - - -

TOTAL (C) (A+B) - - - -

LESS : CLOSING STOCK

Product 1 - - - -
Product 2 - - - -

TOTAL (D) - - - -

IMPORTED STORES CONSUMED - - - -


DURING THE YEAR ( C ) - ( D )

PERCENTAGE OF IMPORTED SPARES


#DIV/0! #DIV/0! #DIV/0! #DIV/0!
CONSUMPTION TO TOTAL CONSUMPTION

GOODS PRODUCED DURING THE YEAR

CURRENT YEAR PREVIOUS YEAR


PARTICULARS
QUANTITY AMOUNT QUANTITY AMOUNT
( IN UNITS) ( IN UNITS)

Product 1 - - - -
Product 2 - - - -
Product 3 - - - -

TOTAL - - - -
ANNEXURE TO FORM 3CD : FIXED ASSETS

As per Income Tax Act

Opening WDV Additions % of Closing WDV


Particulars Deletions Total Depreciation
As on 1-4-06 Above 180 days Below 180 days Depreciation as on 31-3-07

Goodwill - - - - - 25 - -
Land - - - - - 25 - -
Buildings - - - - - 20 - -
Leaseholds - - - - - 25 - -
Railway Sidings - - - - - 10 - -
Plant & Machinery - - - - - 10 - -
Furniture & Fittings - - - - - 10 - -
Property Development - - - - - 10 - -
Patents & Trade marks - - - - - 60 - -
Livestock - - - - - 10 - -
Vehicles - - - - - 25 - -

Total - - - - - -
SCHEDULE 3 : FIXED ASSETS

DEPRECIATION AS PER COMPANIES ACT

Gross Block Accumlated Net Block Additions Deletions % of Current year Gross Block Accumlated Net Block
Particulars Due to Increase Due to Decrease Total Depreciation / Depreciation / Depreciation /
as on 1-4-06 Depreciation As on 1-4-06 Other Additions Other Deletions as on 31-3-07 As on 1-4-06
in Forex Liablity in Forex Liablity Amortisation Amortisation Amortisation

Goodwill - - - - - - - - - - - - -
Land - - - - - - - - - - - - -
Buildings - - - - - - - - - - - - -
Leaseholds - - - - - - - - - - - - -
Railway Sidings - - - - - - - - - - - - -
Plant & Machinery - - - - - - - - - - - - -
Furniture & Fittings - - - - - - - - - - - - -
Property Development - - - - - - - - - - - - -
Patents & Trade marks - - - - - - - - - - - - -
Livestock - - - - - - - - - - - - -
Vehicles - - - - - - - - - - - - -

Total - - - - - - - - - -
DEPRECIATION CALCULATOR (As per Companies Act 1956)
© 2007
INSTRUCTIONS
* The appropriate Depreciaton rate should be keyed-in in the Rate Rows *
* Just copy the formulae to extend to other assets and key in the months put to u
* Key in the amount of purchase of the asset corresponding to month of purchas
* Opening balance should be keyed-in in the "April " row *
* Don’t delete any cells containing formulae *

Assets
Asset 1 Asset 2 Asset 3 Asset 4
Months
April / Opening Balance - 12 - 12 - 12 -
May - 11 - 11 - 11 -
Jun - 10 - 10 - 10 -
Jul - 9 - 9 - 9 -
Aug - 8 - 8 - 8 -
Sep - 7 - 7 - 7 -
Oct - 6 - 6 - 6 -
Nov - 5 - 5 - 5 -
Dec - 4 - 4 - 4 -
Jan - 3 - 3 - 3 -
Feb - 2 - 2 - 2 -
Mar - 1 - 1 - 1 -

Total - - - - -
-
Rate (In points) - - - -

Amount - - - -
DESIGNED BY
nies Act 1956) 1. B.KARTHIKEYAN. B.Com, PE II
2. ARUMUGAM NAINAR B.Com, PE II
3. ABHIJIT RAJA. AISSCE, CPT.
4. SANTHOSH B.Com, PEII.

n the Rate Rows *


the months put to use *
o month of purchases *
pril " row *
ae *

Asset 5 Asset 6 Asset 7 Asset 8 Asset 9 Asset 10


12 - 12 - 12 - 12 - 12 - 12 - 12
11 - 11 - 11 - 11 - 11 - 11 - 11
10 - 10 - 10 - 10 - 10 - 10 - 10
9 - 9 - 9 - 9 - 9 - 9 - 9
8 - 8 - 8 - 8 - 8 - 8 - 8
7 - 7 - 7 - 7 - 7 - 7 - 7
6 - 6 - 6 - 6 - 6 - 6 - 6
5 - 5 - 5 - 5 - 5 - 5 - 5
4 - 4 - 4 - 4 - 4 - 4 - 4
3 - 3 - 3 - 3 - 3 - 3 - 3
2 - 2 - 2 - 2 - 2 - 2 - 2
1 - 1 - 1 - 1 - 1 - 1 - 1

- - - - - -

- - - - - -

- - - - - -
Asset 11
- 12
- 11
- 10
- 9
- 8
- 7
- 6
- 5
- 4
- 3
- 2
- 1

-
Tax calculator for A.Yr 07-08 (Others)

Particulars Amount

Income from Salary . -


Income from HP . -
Income from Bus&Proff . -
Capital gain -
Income from Other sources . -

Gross Total Income -


Chapter VI A.
80 C -
80 D -
80 G -
80 GGA -

Total Income -

Total Tax Payable -

Interest 234 A,B,C -

Total Tax Payable on above -

Surcharge -
Total Tax Payable -
E.Cess. -

Net tax payable -

Use goal Seek to find out income for a given amount of tax , VI A deduction
Tax calculator for A.Yr 07-08 (Women)

Particulars Amount

Income from Salary . -


Income from HP . -
Income from Bus&Proff . -
Capital gain -
Income from Other sources . -

Gross Total Income -


Chapter VI A.
80 C -
80 CC -
80 G -
80 GGA -
-
Total Income -

Total Tax Payable -

Interest 234 A,B,C -

Total Tax Payable -

Surcharge -
Total Tax Payable -
E.Cess. -
Net tax payable -
Tax calculator for A.Yr 07-08 (Sr Citizens)

Particulars Amount

Income from Salary . -


Income from HP . -
Income from Bus&Proff . -
Capital gain -
Income from Other sources . -

Gross Total Income -

Chapter VI A.
80 C -
80 CC -
80 G -
80 GGA -

Total Income -

Total Tax Payable -

Interest 234 A,B,C -

Total Tax Payable -

Surcharge -
Total Tax Payable -
E.Cess. -
Net tax payable -
FORM NO. 3CA
[See rule 6G(1)(a)]
Audit report under section 44AB 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 report that the statutory audit of M/s. _________________ ( Name & Address of the Asseessee
with PAN No. ) 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
date _______________________along with a copy of 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, _____; and

(c) documents declared by the said Act to be part of, or annexed to, the *profit and loss account /
income and expenditure account and balance sheet.

2. The Statement of particulars required to be furnished under section 44AB is annexed here - with in
Form No. 3CD.

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.3 CD and annexure thereto are true and correct.

Place : PANAJI GOA


Date : ______________
FORM NO. 3CB
[SEE RULE 6G(1)(b)]

Audit report under section 44AB of the Income - tax Act 1961,

in the case of a person referred to in clause (b) of sub - rule (1) of rule 6G

1. *I / we have examined the balance sheet as on 31st March, ____, and the *profit and loss
account / income and expenditure account for the year ended on that date, attached herewith,
of ______________________________( Name ), _______________(Address),
____________(PAN No.).

2. *I / we certify that the Balance Sheet and the *profit and loss / income and expenditure
account are in agreement with the books of account maintained at the head office at
_____________ and ** ___________ branched

3. (a) *I / we report the following observations / comments / discrepancies / inconsistencies; if


any:

(b) Subject to above -


A. *I / we have obtained all the information and explanations which, to the best of *my / our
knowledge and belief, were necessary for the purpose of the audit.
B. In *my / our opinion, proper books of account have been kept by the head office and
branches of the assessee so far as appears from*my / our examination of the books.

C. In *my / our opinion and to the best of *my / our information and according to the
explanations given to *me / us, the said accounts, read with notes thereon, if any, give a true
and fair view :-

(i) In the case of the balance sheet, of the state of the affairs of the assessee as at 31st March,
,and

(ii) In the case of the *profit and loss account / income and expenditure account, of the *profit /
loss or *surplus / deficit of the assessee for the year ended on that date.

4. The statement of particulars required to be furnished under section 44AB is annexed


herewith in Form No.3CD and annexure thereto.
5. 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.

Place : PANAJI GOA


Date : ___________

Notes :
1. *Delete whichever is not applicable.
2. **mention the total number of branches.
3. ***This report has to be signed by -

(I) a Chartered Accountant within the meaning of the Charted 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.

4. The person, who signs this audit report, shall indicate reference of his memebership number / certificate of
prctice number / authority under which he is entitled to sign this report..
FORM NO.3CD
[See rule 6G(2)]
Statement of particulars required to be furnished under Section 44AB of the Income – tax Act, 1961

PART – A

1 Name of the assessee :

2 Address :

3 Permanent Account Number :

4 Status :

5 Previous Year ended : 31 st March 2007

6 Assessment year : 2006-07

PART - B
7. (a) If firm or Association of Persons, indicate
names of partners / members and their profit : Not Applicable
sharing ratios.

(b)
If there is any change in the partners/members
or their profit sharing ratios since the last date
: Not Applicable
of preceding year, the particulars of such
change.

8. (a)
Nature of business or profession (if more than
one business or profession is carried on during
:
the previous year, nature of every business or
profession)

(b)
If there is any change in the nature of Business As reported to us there is no change in the nature of business as
:
or profession, the particulars of such change. compared to last year.

9. (a) Whether books of account are prescribed


under section 44AA. If yes, list of books so : No
prescribed.

(b)
Books of account maintained (In case
books of account are maintained in a computer Sale and Purchase Register, Cash and Bank book, Ledger, General
:
system, mention the books of account Ledger and Journal Ledger (All Computerised) and Vouchers
generated by such computer system).

(c) List of books of account examined. : Same as above

34 / 43
10 Whether the profit and loss account includes
any profits and gains assessable on
presumptive basis, if yes, indicate the amount
: Not Applicable
and the relevant section (44AD, 44AE, 44B,
44BB, 44BBA, 44BBB or any other relevant
section).

11(a) Method of accounting employed in the


: Mercantile basis of accounting.
previous year.

(b) Wherter there has been any change in the


method of accounting employed vis-à-vis the
: As reported to us there is no change as compared to last year.
method employed in the immediately
preceding previous year.

(c) If answer to (b) above is in the affirmative,


give details of such change, and the effect : NA
thereof on the profit or loss.

(d) Details of deviation, if any, in the method of


accounting employed in the previous year
from accounitng standards prescribed under : Nil
section 145 and the effect thereof on the profit
or loss.

12.(a) Method of valuation of closing stock


: Cost
employed in the previous year.

(b)
Details of deviation, if any, from the method
of valuation prescribed under section 145A, : Nil
and the effect thereof on the profit or loss.

12A.
Give the following particulars of the capital
: Nil
asset converted into stock-in-trade:-

a) Description of capital asset,


b) Date of acquisition;
c) Cost of acquisition;
d) Amount at which the asset is converted into
stock-in-trade.,

13 Amounts not credited to the profit and loss


:
account, being -

(a) the items falling within the scope of section


: Nil
28;

(b)
The Performa credits, drawbacks, words
refund of duty of customs or excise or service
tax, or refund of sales tax or value added tax, : Nil
where such credits, drawbacks or refunds are
admitted due by the authorities concerned.

35 / 43
(c) escalation claims accepted during the previous
: Nil
year;

(d) any other item of income; : Nil

(e) capital receipt, if any. : Nil

14 Particulars of depreciation allowable as per the


Income-tax act, 1961 in respect of each asset
:
or block of assets, as the case may be, in the
following form :-

(a) Description of asset / block of assets. :

(b) Rate of depreciation. :

(c) Actual cost or written down value, as the case


:
may be.

(d) Additions / deductions during the year with

annexure
As per
dates; in the case of any addition of an asset,
:
date put to use; including adjustments on
account of -

(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.

(ii)
Change in rate of exchange of currency, and :

(iii) Subsidy or grant or reimbursement, by


:
whatever name called.

(e) Depreciation allowable. :

(f) Written down value at the end of the year. :

15
Amount 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

(a)
debited to the profit and loss account (showing
the amount debited and deduction allowable :
under each section separately );

(b) not debited to the profit and loss account. :

16.(a) Any sum paid to an employee as bonus or


commision for services rendered, where such
:
sum was otherwise payable to him as profits
or dividend.[Section 36(1)(ii)]

36 / 43
(b) Any sum received from employees towards
contributions to any provident fund or
superannuation fund or any other fund
mentioned in section 2(24)(x); and due date :
for payment and the actual date of payment to
the concerned authorities under section 36(1)
(va).

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) expendutre by way of penalty or fine for


violation of any law for the time being in :
force;

(ii) any other penalty or fine; :

(iii)
expenditure incureed for any purpose which is
:
an offence or which is prohibited by law;

(f) amounts inadmissible under section 40(a); :

(g) interest, salary, bonus, commision or


remuneration inadmissible under section 40(b) :
/ 40(ba) and computation therof;

(h)
a) whether a certificate has been obtained from
the assessee regarding payments relating to
any expenditure covered under section 40A(3)
that the payments were made by account Yes
payee cheques drawn on a bank or account
payee bank draft, as the case may be,
[Yes/No]

Nil. However wherever amounts are paid by cheque/DD, it is not


b) amount inadmissible under section 40A(3)
possible for us to verify that the amount has been paid by Account
read with rule 6DD [with break-up of :
Payee Cheque/ DD, because necessary evidence are not in the
inadmissible amounts];
possession of the assessee.

37 / 43
(i) provision for payment of gratuity not
: Nil
allowbale under section 40A(7);

(j)
Any sum paid by the assessee as an employer
: Nil
not allowable under section 40A(9);

(k) particulars of any liability of a contingent


: Nil
nature.

(l)
amount of deduction inadmissible in terms of
section 14A in respect of the expenditure
Nil
incurred in relation to income which does not
form part of the total income,

(m) amount inadmissible under the proviso to


Nil
section 36(1)(iii).;
di
18 Particulars of payments made to persons
:
specified under section 40A(2)(b).

19 Amounts deemed to be profits and gains under


:
section 33AB or 33ABA or 33AC.

20 Any Amount of profit chargeable to tax under


:
section 41 and computation thereof.

21
*i) In respect of any sum referred to in clause
(a), (b),(c),(d), (e) or (f) of section 43B, the :
liability for which;-

(A)
Pre-existed on the first day of the previous
year but was not allowed in the assessment of :
any preceding previous year and was

(a) Paid during the previous year ; :

(b) Not paid during the previous year :


(ii) ***
* state whether sales tax, customs duty, excise
duty or any other indirect tax, levy, cess,
impost, tec., is passed through the profit and
loss account.

(B)
Was incurred in the previous year and was :

(a) Paid on or before the due date for furnishing


the return of income of the previous year :
under section 139(1);

(b)
Not paid on or before the aforesaid date. :

38 / 43
Note: The information given under 21 (B) is
only upto the date of singning this report.

22.(a) Amount of the Modified Value Added Tax


credit availed of or utilise during the previous
year and its treament in the profit & loss
:
account and treatment of outstanding
Modified Value Added Tax credits in the
accounts.

(b) Particulars of income or expenditure of prior


period credited or debited to the profit & loss :
account.

23
Details of any amount borrowed on hundi or
any amount due thereon (including interest on
the amount borrowed) repaid, othewise than :
through an account payee cheque [Section 69
D].

24.(a) Particulars of each loan or deposit in an


amount exceeding the limit specified in
:
section 269SS taken or accepted during the
pervious year :-

(i) name, address and permanent account number


(if available with the assessee) of the lender or :
depositor;

(ii)
amount of loan or deposit taken or accepted. :

(iii) Whether the loan or deposit was squared up


:
during the previous year;

(iv) iv) Maximum amount outstanding in the


account at any time during the year. (These
particulars need not be given in the case of a
:
Govt. Company , a banking company or a
corporation established by a Central, State or
Provincial Act)

(b) Particulars of each repayment of loan or


deposit in an amount exceedng the limit
:
specified in section 269 T made during the
pervious year;

(i) Name , address and permanent account


number (if available with the assessee.) of the :
payee;

39 / 43
(ii) Amount of repayment; :

(iii)
Maximum amount outstanding in the account
:
at any time during the pervious year ;

(iv) Whether thr repayment was made otherwise


than by account payee cheque or accont payee :
bank draft.
( 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. [Yes/No]

The particulars (i) to (iv) at (b) and the


Certificate at (c) above need not be given in
the case of a repayment of any loan or deposit
taken or accepted from Government,
Government company, banking company or a
corporation established by a Central, State or
Provincial Act,

25. a)
Details of brought forward loss or depreciation
allowance in the following manner, to the :
extent avaliable ;

Sl. No.
Amount as
Nature of loss / Amount as
assesed (give
Assessment Year allowance (in returned (in Remarks
refrence to
rupees) rupees)
relevant order)

Nil

(b)
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.;

26 Section-wise details of deductions, if any,


:
admissible under Chapter VIA.

40 / 43
27.(a) 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 the Central
Government. [Yes/No]

(b) If the provisions of Chapter XVII-B have not


been complied with, please give the following :
details*, namely:-

Amount
(i) Tax deductible and not deducted at all
(ii) Shortfall on account of lesser deduction than required to be deducted
(iii) Tax deducted late
(iv) Tax deducted but not paid to the credit of the Central Government

* Please give the details of cases covered in (i) to (iv) above.

28 (A) In the case of a trading concern, give


quantitative details of principal items of goods :
traded :

(i) Opening Stock :

(ii) Purchases during the previous year :

Sales during the previous year :

Closing Stock :

Shortage / excess, if any :

(B) In the case of a manufactruing concern,give


quantitative details of the principal items of
:
raw materials, finished products and by
-products.

(a) Raw Materials :

(i) Opening Stock :

(ii) Purchases during the previous year :

(iii) Consumption during the previous year :

(iv) Sales during the previous year :

(v) Closing Stock :

(vi) *yield of finished products :

(vii) * percentage of yield :

(viii) *shortage / excess, if any :

(b) Finished products / By-products :

(i) Opening Stock :

41 / 43
(ii) Purchases during the previous year :

(iii) Quantity manufactured during the previous


:
year

(iv) Sales during the previous year :

(v) Closing Stock :

(vi) Shortage / excess, if any :

* Information may be given to the extent


available

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 theron :

(c) dates of payment with amounts :

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.

32 Report the following major ratios: :

(a) Gross profit / Turnover :

(b) Net profit / Turnover :

(c) Stock - in - trade / Turnover

(d)
Material consumed / Finished goods produced

Place :

Date :

42 / 43
ANNEXURE

PART A
1 Name of the assessee:
2 Address:
3 Permanent Account Number:
4 Status:
5 Previous year ended:
6 Assessement year

PART B
Nature of business or profession in respect of every business carried CODE
on during the previous year

Sr. No. Parameters Current year Previous year


1 Paid up share capital/capital of partner/proprietor
2 Share application money/Current Account of Partner or
Proprietor
3 Reserve and surplus/Profit and Loss Account
4 Secured loans
5 Unsecured loans
6 Current liabilities and provisions
7 Total of Balance Sheet
8 Gross turnover/gross receipts
9 Gross profit
10 Commission received
11 Commission paid
12 Interest received
13 Interest paid
14 Depreciation as per books of accounts
15 Net Profit (or loss) before tax as per Profit and Loss Account
16 Taxes on incomepaid/provided for in the books

PLACE: PANAJI GOA


DATE

Note: Please enter the relevent code pertaining to the main area of your business activity.