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. 2. 3. 4. 5. 6. Name of the assessee Address Permanent Account Number Status Previous year ended Assessment year Kanta Rani (Prop): M/S Gupta Traders Partap Talkies Road,Rohtak ACXPR7264A Proprietorship Concern 31 March 2013 2013-14

Part B
7. a) If firm of Association of Persons, indicate Not Applicable names of partners/ members and their profitssharing ratios. If there is any change in the partners or Not Applicable members or in their profit sharing ratio, since the last date of the preceding year, the particulars of such change. Nature of business or profession (if more than Trading in Pipes one business or profession is carried on during the previous year, nature of every business or profession) If there is any change in the nature of business No or profession, the particulars of such change. Whether books of account are prescribed under No section 44AA, if yes, list of books so prescribed. Books of account maintained. (In case books of Cash Book, Journal, Ledger, Sales Register, account are maintained in a computer system, Purchases Register, Bank Book mention the books of account generated by such computer system.) List of books of account examined. As Above

b)

8. a)

b) 9. a) b)

c)

10.

Whether the profit and loss account includes NO any profits and gains assessable on presumptive basis, if yes indicate the amount and relevant section (44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB or any other relevant section). Method of accounting employed in the previous MERCANTILE year. Whether there has been any change in the No method of accounting employed vis-a-vis the method employed in the immediately preceding previous year. If answer to (b) above is in the affirmative, give Not Applicable details of such change, and the effect there of on the profit or loss. Details of deviation, if any, in the method of NO accounting employed in the previous year from accounting standards prescribed under section 145 and the effect thereof on the profit or loss. Method of valuation of closing stock employed FINISHED GOODS-COST OR NET in the previous year. REALIZABLE VALUE WHICHEVER IS LOWER. Details of deviation, if any, from the method of NO valuation prescribed under section 145A, and the effect thereof on the profit or loss. Give the following particulars of the capital asset converted into stock-in-trade:Description of capital asset. Date of acquisition. Cost of acquisition. NIL NIL NIL

11.a) b)

c)

d)

12.a)

b)

12A a) b) c) d) 13. a) b)

Amount at which the asset is converted into NIL stock-in-trade. Amounts not credited to the profit and loss account, being :The items falling within the scope of section 28; NO The proforma credits, drawbacks, refund of duty NO of customs or excise or service tax, or refund of sales tax or value added tax where such credits, drawbacks or refunds are admitted as due by the authorities concerned; escalation claims accepted during the previous NO year;

c)

d) e)

any other item of income; capital receipt, if any

NO NO

14.

Particulars of depreciation allowable as per the Nil Income-tax Act, 1961 in respect of each asset or block of assets, as the case may be, in the following form :Description of asset/block of assets. Rate of depreciation. Actual cost or written down value, as the case may be. Additions/deductions during the year with dates; in the case of any addition of an asset, date put to use; including adjustment on account of :Modified Value Added Tax credit claimed and allowed under the Central Excise Rules, 1944, in respect of assests acquired on or after 1st March, 1994. change in rate of exchange of currency, and Subsidy or grant or reimbursement, by whatever name called. Depreciation allowable. Written down value at the end of the year. Amounts admissible under sections 33AB, 33ABA, 33AC(wherever applicable), 35, 35ABB, 35AC, 35CCA, 35CCB, 35D, 35DD, 35DDA, 35E Debited to the profit and loss account (showing NO the amount debited and deduction allowable under each section separately); not debited to the profit and loss account. NO

a) b) c) d)

i)

ii) iii) e) f) 15.

a)

b) 16.a)

Any sum paid to an employee as bonus or NO commission for services rendered, where such sum was otherwise payable to him as profits or dividend. [Section 36(1) (ii)] Any sum received from employees towards NO 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)

b)

17. a) b) c)

Amount debited to the profit and loss account, being :expenditure of capital nature; expenditure of personal nature; NIL NIL NIL

expenditure on advertisement in any souvenir, NIL brochure, tract, pamphlet or the like, published by a political party; expenditure incurred at clubs,as entrance fees and subscriptions; as cost for club services and facilities used; NIL NIL

d) i) ii) e)i) ii) iii) f) g)

expenditure by way of penalty or fine for NIL violation of any law for the time being in force; NIL any other penalty or fine; NIL

expenditure incurred for any purpose which is NIL an offence or which is prohibited by law; amounts inadmissible under section 40(a); NIL

interest, salary, bonus, commission or NIL remuneration inadmissible under section 40(b)/40(ba) and computation thereof; Whether a certificate has been obtained from the assessee regarding payments relating to any expenditure covered under section 40 A(3) that the payments were made by account payee cheques drawn on bank or account payee bank draft, as the case may be , (YES /NO) amount inadmissible under section 40(A)(3), NIL read with rule 6DD (with break-up of inadmissible amounts) provision for payment of gratuity not allowable NIL under section 40A(7); any sum paid by the assessee as an employer not NIL allowable under section 40A(9);

h)(A)

(B)

i) j)

k) l)

particulars of any liability of a contingent NIL nature. amount of deduction inadmissible in terms of Section 14A in respect of the expenditure incurred in relation to income which does not form part of the total income. amount inadmissible under the proviso to Section 36 (1)(iii) Amount of interest inadmissible under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006. Particulars of payments made to persons NIL specified under section 40A(2)(b). Amounts deemed to be profits and gains under NIL section 33AB or 33ABA or 33AC. Any amount of profit chargeable to tax under NIL section 41 and computation thereof. In respect of any sum referred in clauses (a) ,(b), (c), (d), (e) or (f) of Section 43 B, the liability for which pre-existed on the first day of the previous year but was not allowed in the assessment of any preceding previous year and was :paid during the previous year; not paid during the previous year. was incurred in the previous year and was paid on or before the due date for furnishing the return of income of the previous year under section 139(1) not paid on or before the aforesaid date. State whether sales tax, custom duty excise duty or any other indirect tax, levy, cess, impost etc. is passed through the profit and loss account. NIL

m) 17A.

18. 19. 20. 21.i)

A)

a) b) B) a)

b)

22.a)

Amount of Modified Value Added Tax credits N.A availed of or utilised during the previous year and its treatment in the profit and loss account and treatment of outstanding Modified Value Added Tax credits in the accounts. Particulars of income or expenditure of prior NIL period credited or debited to the profit and loss account.

b)

23.

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

24.a)

Particulars of each loan or deposit in an amount NIL exceeding the limit specified in section 269SS taken or accepted during the previous year:name, address and permanent account number (if available with the assessee) of the lender or depositor; amount of loan or deposit taken or accepted; whether the loan or deposit was squared up during the previous year; maximum amount outstanding in the account at any time during the previous year; whether the loan or deposit was taken or accepted otherwise than by an account payee cheque or an account payee bank draft. Particulars of each repayment of loan or deposit NIL in an amount exceeding the limit specified in section 269T made during the previous year:(These particulars needs not be given in the case of a Goverment company, a banking company or corporation established by a Central, State or Provincial Act.)

i)

ii) iii) iv) v)

b)

i) ii) iii) iv)

name, address and permanent account number (if available with the assessee) of the payee; amount of the repayment; maximum amount outstanding in the account at any time during the previous year; whether the repayment was made otherwise than by account payee cheque or account payee bank draft 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.

c)

25.a)

Details of brought forward loss or depreciation NIL allowance, in the following manner, to the extent available: A. Y. Nature of loss/ allowance (In Rs.) Amount as Amount as Returned assessed(give reference (In Rs.) to relevant order) Remarks

S. No.

b)

Whether a change in shareholding of the NA 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. Section-wise details of deductions, if any, NIL admissible under Chapter VI-A. Whether the assessee has complied with the The Assesse is individual so the provisions of provisions of Chapter XVII-B regarding chapter XVII-B do not apply. deduction of tax at source and regarding, the payment thereof to the credit of Central Government. (YES / NO) If the provisions of Chapter XVII-B have not NIL been complied with, please give the following details*, namely:Tax deductible and not deducted at all Shortfall on account of lesser deduction than required to be deducted. tax deducted late tax deducted but not paid to the credit of the Central Government Please give the details of cases covered in (i) to (iv) above;

26.

27.a)

b)

b)(i) (ii) (iii) (iv)

28.a)

In the case of a trading concern, give NIL quantitative details of principal items of goods traded: Opening Stock; Purchases during the previous year; Sales during the previous year; Closing stock; Shortage/excess,if any

i) ii) iii) iv) v)

b)

In the case of a manufacturing concern, give NA quantitative detail of the principal items of raw materials, finished products and by-products ;

A. i) ii) iii) iv) v) vi) vii) viii) B. i) ii) iii) iv) v) vi) 29.

Raw Materials : Opening Stock; Purchases during the previous year; Consumption during the previous year; Sales during the previous year; Closing stock; yield of finished products; percentage of yield; Shortage/excess, if any Finished products / By products : Opening Stock; Purchases during the previous year; quantity manufactured during the previous year; Sales during the previous year; Closing stock; Shortage/excess, if any In the case of a domestic company, details of tax on distributed profits under section 115-O in the following form :total amount of distributed profits; total tax paid thereon; dates of payment with amounts. NA NA NA N.A. N.A

a) b) c) 30.

Whether any cost audit was carried out , if N.A. yes, enclose a copy of the report of such audit [See section 139(9)]. Whether any audit was conducted under the N.A. Central Excise Act, 1944, if yes, enclose a copy of the report of such audit.

31.

32. a) b) c) d)

Accounting ratios with calculations as follows:- As per Annexure 'A' Gross profit/Turnover; Net Profit/Turnover; Stock-in-trade/Turnover; Material consumed/Finished goods Produced. For ASR & Co. Chartered Accountants

(LALIT GUPTA) PARTNER Membership No. : 512048 Place: - Rohtak Date: - 08/09/2013

Annexure 'A' Accounting Ratio 1. Gross Profit / Turnover Ratio = Gross Profit Turnover 770482 19621115 x 100

x 100 = 3.93%

2. Net Profit / Turnover Ratio =

Net Profit Turnover 535000 19621115

x 100

x 100 = 2.73%

3. Stock In Trade / Turnover Ratio =

Closing Stock Turnover 2039188 19621115

x 100

x 100 = 10.39%

4. Material Consumed / Finished Goods Produced Ratio =

Not Applicable

Annexure-I
Part A
1. 2. 3. 4. 5. 6. Name of the assessee Address Permanent Account Number Status Previous year ended Assessment year Kanta Rani (Prop): M/S Gupta Traders Partap Talkies Road,Rohtak ACXPR7264A Proprietorship Concern 31 March 2013 2013-14

Part B
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): Trading in pipes (Wholesalers) S. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Parameters Paid-up share capital / Capital of partner / proprietor Share Application Money/ Current Account of Partner or Proprietor, if any, Reserves and Surplus / Profit and Loss Account. Secured Loans Unsecured Loans Current Liabilities & provisions Total of Balance sheet Gross Turnover / Gross Receipts Gross Profit Commission received Commission Paid Interest Received Interest Paid Depreciation as per books of account Net Profit (or loss) before tax as per Profit and Loss Account. Taxes on income paid/provided for in the books Code : 0204

Current Year 3522 NIL NIL NIL NIL 5230 8753 19621 770 NIL NIL NIL NIL NIL 535 NIL

(Rs. In 000) Preceding Year 3311 NIL NIL NIL NIL 3039 5901 11790 490 NIL NIL NIL NIL NIL 346 NIL

For ASR & Co. Chartered Accountants

(LALIT GUPTA) PARTNER Membership No. : 512048 Place: - Rohtak Date: - 08/09/2013