FORM NO. 3BA for Report under section 36(1) (xi) of the Income-tax Act, 1961. FORM NO. 3BA is applicable to an assessee who claims deduction on expenditure incurred by him on making a non-y2k compliant computer system owned by him into a y2k compliant computer system.
FORM NO. 3BA
[See rule 6ABB]
Report under section 36(1) (xi) of the Income-tax Act, 1961
I/We have examined the accounts and records of M/s. _________(mention name and address of the assessee with permanent account number) relating to the expenditure incurred by the assessee in respect of non-Y2K compliant computer system during the previous year ended on
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 the amount of expenditure incurred by the assessee wholly and exclusively in respect of non-Y2K compliant computer system, owned by the assessee and used for the purposes of his business or profession, so as to make such computer system Y2K compliant computer system.
3. I/We certify that the deduction claimed by the assessee under clause (xi) of sub-section (1) of section 36 of the Income-tax Act, 1961 in respect of the assessment year_______is Rs._________and such deduction has been correctly claimed in accordance with the provisions of the said clause.
4. The details of the deduction are given in the Annexure to this Form. In my/our
opinion and to the best of my/our
information and according to the explanations given to me/us, the particulars given in the Annexure are true and correct.
ANNEXURE TO FORM NO. 3BA
Details relating to deductions claimed under section 36(1)(xi) of the Income-tax Act, 1961
- Name and Address of the Assessee
- Nature of Business
- Permanent Account Number
- Details of existing non-Y2K compliant computer system owned by the assessee
Date of purchase
Cost of purchase (Rs.)
Nature of use
- Expenditure incurred during the previous year ended on _______ wholly and exclusively to make the computer system mentioned at item 4 above Y2K compliant computer system:
Description and make of the computer system
Total expenditure incurred (Rs.)
Revenue expenditure (Rs.)
Capital expenditure (Rs.)
Name and address of the person to whom the amount is payable/paid in respect of such expenditure
- Deduction under section 36(1)(xi) to which the assessee is entitled Rs.______________
- Remarks, if any