Form 3AA, Download Income Tax Form 3AA in PDF Format

FORM NO. 3AA for Report Relating To the Business of Manufacture or Production. FORM NO. 3AA is given by chartered account or any person who in relation to any state is by virtue of provision on sub sec (2) of sec 226 of the companies act, 1956 actual cost shall have same meaning as clause (1) of sec 43 of income tax act, 1956.

In the case of any new machinery or plant (other than ships and aircraft), which has been acquired and installed after the 31st day of March, 2005, by an assessee engaged in the business of manufacture or production of any article or thing or in the business of generation or generation and distribution of power, a further sum equal to twenty per cent of the actual cost of such machinery or plant shall be allowed as deduction under clause (ii).

Provided that no deduction shall be allowed in respect of—

(A)  any machinery or plant which, before its installation by the assessee, was used either within or outside India by any other person; or

(B)  any machinery or plant installed in any office premises or any residential accommodation, including accommodation in the nature of a guest-house; or

(C)  any office appliances or road transport vehicles; or

(D)  any machinery or plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or otherwise) in computing the income chargeable under the head “Profits and gains of business or profession” of any one previous year;


FORM NO. 3AA

[See rule 5A]

Report under section 32(1) (iia) of the Income-tax Act, 1961

1. I/We have examined the accounts and records of
[name and address of the assessee with permanent account number] relating to the business of manufacture or production of
during the year ended on 31st day of March,

2. 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 ascertaining the amount of expenditure incurred by the assessee for acquiring and installing new plant and machinery in the new industrial undertaking/existing industrial undertaking.

3. (a) I/We certify that the deduction to be claimed by assessee under the provisions of clause (A) of the first proviso to clause (iia) of sub-section (1) of section 32 of the Income-tax Act, 1961, in respect of the assessment year
is Rs.
Which has been determined on the basis of new plant and machinery acquired and installed after the 31st day of March, 2002 by the assessee in the new industrial undertaking? The said amount has been worked out on the basis of the details given in Annexure A to this Form.

(b) I/We certify that the deduction to be claimed by the assessee under the provisions of clause (B) of the first proviso to clause (iia) of sub-section (1) of section 32 of the Income-tax Act, 1961, in respect of the assessment year
is Rs.
which has been determined on the basis of new machinery and plant acquired and installed by the assessee during the course of substantial expansion by way of increase in installed capacity of the industrial undertaking existing before the 1st day of April, 2002. The said amount has been worked out on the basis of the details in the Annexure B to this Form.

4. I/We, therefore, certify that the total deduction to be claimed by the assessee under clause (iia) of sub-section (1) of section 32 in respect of the assessment year
is Rs.
In my/our opinion and to the best of my/our information and according to the information given to me/us, the particulars given above are true and correct.

Signed

Chartered Accountant

 

ANNEXURE A

[See paragraph 3(a) of Form No. 3AA]

Details relating to the claim by the assessee in case of new
industrial undertaking under clause (
A) of the first proviso
to section 32(1)(
iia) of the Income-tax Act, 1961

1. Name of the assessee
2. Assessment year
3. Business relating to manufacture or production of
4. Date of commencement of production
5. Remarks

Details of new plant and machinery acquired and installed in a new industrial undertaking

Sl. No.Name and address of the person from whom plant/ machinery was acquiredDetails of plant or machineryDate on which purchasedDate of installationActual cost of the asset

1

2

3

4

5

6

ANNEXURE B

[See paragraph 3(b) of Form No. 3AA]

Details relating to the claim by the assessee in cases of substantial
expansion by way of increase in installed capacity in case
of an industrial undertaking existing before the
1st day of April, 2002

Part A

1. Name of the assessee
2. Assessment year
3. Business relating to manufacture or production of
4. Total installed capacity as on 31st day of March, 2002
5. Year in which substantial expansion by way of increase in installed capacity achieved
6. Remarks

Part B

Details of new plant and machinery acquired and installed in an undertaking existing before the 1st day of April, 2002

Sl. No.Name and address of the person from whom plant/ machinery was acquiredDetails of plant or machineryDate on which purchasedDate of installationActual cost of the asset

1

2

3

4

5

6

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