FORM NO. 3AB

FORM NO. 3AB

FORM NO. 3AB

[See rule 6AAB]

**Statement of expenditure to be furnished for the purposes of deduction under section 35CC of the Income-tax Act, 1961

1.	Name and address of the *company/co-operative society

2.	Permanent Account Number
3.	Previous year
4.	Assessment year
5.	Date on which the programme of rural development was approved by the prescribed authority [please attach a true copy of the order of the prescribed authority approving the programme]
6.	(a) Copy of the programme of rural development as approved by the prescribed authority
	(a) Particulars of rural area covered by the programme
	(a) Particulars of work done during the previous year towards implementing the approved programme of rural development [please attach separate sheet(s), if necessary]
7.	Total expenditure incurred during the previous year on the approved progtamme of rural development
8.	Where any part of the expenditure referred to in item 7 above has been incurred before the approval of the programme of rural development by the prescribe authority, please specify the amount thereof
9.	Qualifying amount of expenditure [item 7 minus item 8]
10.	Amount of expenditure, out of the expenditure referred to in item 9 above, which has resulted in the acquisition or creation of any one or more of the following assets:-
	(i) Land
	(ii) Building
	(iii) Machinery or plant
	(iv)Furniture

	TOTAL

11.	(a) Has the *company/co-operative society divested itself of the ownership of the assets referred to in item 10 above before the end of the previous year?

	(b) If the answer to (a) above is in the affirmative, please indicate the date on which and the persons/authority in whose favour the property has been divested
	(c) ? If the answer to (a) above is in the negative, please specify the amount of expenditure which has resulted in the acquisition or creation of assets the ownership whereof has not been so divested
12.	Where the expenditure referred to in item 10 above includes any expenditure in respect of work-in-progress, please specify the amount thereof
13.	Amount of expenditure referred to in item 9 above which has hot resulted in the acquisition or creation of any asset, being land, building, machinery, plant or furniture [Please annex a break-up of various items of expenditure under appropriate account heads, e.g. purchase of goods, salaries and wages of regular employees, other salaries and wages, conveyance and travelling, etc. Any item under which the expenditure exceeds Rs. 5,000 should be shown as a separate and distinct item against an appropriate accounted and not combined with any other item or shown under ?Miscellaneous expenses?. Where the approved programme of rural development consists of more than one separate and distinct project, a break-up of expenditure on the above lines should please be furnished in respect of expenditure incurred in respect of each such project separately]
14.	Where the entire expenditure incurred on the approved programme of rural development has not been debited to a separate account, please specify the various accounts to which such expenditure has been debited and the amount debited to each account
15.	(a) Where the assessee has maintained original bills, receipt, etc., in respect of the expenditure referred to in item 9 above
	(b) whether such expenditure has been checked with reference to the bills, receipts, etc., and found to be in order
16.	(a) Whether any payment exceeding Rs. 2,500 has been made in respect of the expenditure on the approved programme of rural elopement otherwise than by a crossed cheque or a crossed bank draft-section 40A(3) of the income-tax Act. If so, please give details of such payments
	(b) Whether the expenditure incurred on the approved programme of rural development includes any expenditure not deductible under any other provision of the Income-tax Act. If so, please give particulars thereof.

17.	Amount of expenditure claimed as deduction under section 35CC(1)

The particulars given hereinabove have been prepared on an examination of the books of account and other documents maintained by M/s ____________..

[name of the *company/Co-operative society]

*I/We have obtained all the information and explanation which to the best of *my/our knowledge and belief were necessary for the purpose of preparing the statement of expenditure on the programme of rural development. In *my/our opinion and to the best of *my/our information and according to the explanations given to *me/us, the particulars given hereinabove are true and correct.

Place ____________.. ____________

Date ____________ **Signed

Accountant

Notes :

1. **Where any expenditure has been incurred during the previous year in respect of more than one programme of rural development, please furnish separate statements in respect of each such programme.

2. *Delete whichever is not applicable.

3. ! Where the assessee has contracted any building for the purpose of the programme of rural development, please furnish break-up of the expenditure under convenient heads, e.g. purchase of materials, etc., used , salaries and wages of regular employees, other salaries and wages, etc. Any item under which the expenditure exceeds Rs. 5,000 should be shown as a separate and distinct items and not combined with any other item or shown under ?Miscellaneous expenses?.

4. !This statement is to be signed by ?

(a) a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949); or

(b) any person who, in relation to any State is, by virtue of the provision in 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.

5. Where the whole or a part of the approved programme of rural development has been executed on behalf of the assessee by its agent, a detailed break-up of the expenditure prepared on the basis of the statement of account rendered by the agent to the assessee and supporting bills, vouchers, etc; should be given on the lines indicated above.

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About this agreement

Form No. 3AB Format

Struggling with Minimum Alternate Tax (MAT) compliance for your company's income tax return? Our professionally drafted Form No. 3AB format simplifies the process, ensuring accurate reporting under Section 115JB of the Income-tax Act, 1961.

What is Form No. 3AB?

Form No. 3AB is a crucial audit report furnished by an accountant to the assessee (typically a company) along with the income tax return when computing book profits under Section 115JB. This legal template is mandated for companies subject to MAT, helping them reconcile financial statements with tax computations. Available in customizable PDF and Word formats, our Form No. 3AB sample is ready to use, saving you time and reducing errors in your tax filings.

In India, where tax regulations are stringent, using a precise Form No. 3AB format ensures compliance with CBDT guidelines and avoids penalties. Whether you're a private limited company or a public entity, this form certifies the correctness of book profits, adjustments, and tax payable.

Why is Form No. 3AB Important?

Filing Form No. 3AB is not optional for companies liable to pay MAT—it's a statutory requirement. Non-compliance can lead to scrutiny from tax authorities, interest charges, or disallowance of MAT credit. Key benefits include:

Accuracy in Book Profit Computation: Validates adjustments like depreciation differences, provisions, and deferred taxes.
Timely ITR Submission: Streamlines e-filing with the Income Tax Department.
Audit Trail: Provides a certified report from a Chartered Accountant, enhancing credibility.
Cost Savings: Our ready-to-use legal template minimizes consultation fees for drafting from scratch.

Ideal for businesses in manufacturing, services, or IT sectors facing MAT applicability, this form bridges financial accounting and tax law seamlessly.

Key Elements of Form No. 3AB Format

A standard Form No. 3AB sample includes these essential sections:

Assessee Details: PAN, name, address, assessment year, and company type.
Financial Statements Certification: Auditor's confirmation on profit & loss account and balance sheet.
Book Profit Computation: Step-by-step adjustments to net profit (e.g., income tax paid, dividends, etc.).
MAT Calculation: Tax payable at 15% (plus surcharge/cess) on book profits.
Accountant's Report: Signature, membership number, FRN, and date.
Annexures: Supporting schedules for adjustments.

Our downloadable Form No. 3AB format in Word/PDF is fully editable, incorporating the latest updates from the Income Tax Rules.

Who Should Use Form No. 3AB?

This form is essential for:

Companies (Domestic/Foreign): Private, public, or deemed public companies with book profits exceeding exemptions.
Businesses Under MAT Regime: Those where normal tax liability is less than 15% of book profits.
CA Firms and Tax Professionals: For quick preparation and client submissions.
Startups and SMEs: Scaling businesses needing compliant tax templates.

Common use cases include annual ITR filing for AY 2024-25, MAT credit availing, or responding to tax notices.

Download Your Customizable Form No. 3AB Today!

Get instant access to our premium Form No. 3AB format—available for paid download in PDF and Word. Customize it with AI assistance or legal help for your specific needs. Perfect for India-based companies seeking a free download alternative with superior quality and support.

Important Note

While our Form No. 3AB legal template is designed to meet court and company requirements, it's recommended to consult a qualified Chartered Accountant or tax lawyer for personalization. This ready-to-use sample serves as a starting point, not a substitute for professional advice. Explore related formats like Form 3CD, MAT return templates, and more for comprehensive tax compliance.

(Word count: 528)

Supporting Documents

For FORM NO. 3AB (statement of expenditure under section 35CC), parties must gather documents that prove the approval, execution and incurrence of rural development expenditure so the chartered accountant can verify the claim.

Order of prescribed authority approving the programme
True copy of the approval order is required to be attached as evidence that the rural development programme qualifies for deduction.
When: At the time of furnishing the statement
Approved programme of rural development
Copy of the programme as approved by the prescribed authority must be attached to support the particulars furnished in the form.
When: At the time of furnishing the statement
Original bills, receipts and vouchers
All supporting bills and receipts for the expenditure claimed are needed for verification by the accountant under item 15.
When: Before signing by the accountant
PAN card of the company / co-operative society
PAN is required to be stated in the form and must be produced for identification and tax compliance.
When: Before or at the time of furnishing the statement
Detailed expenditure break-up sheets
Separate sheets showing work done, project-wise expenditure and items exceeding Rs. 5,000 are to be attached as required by items 6, 13 and notes.
When: At the time of furnishing the statement
Books of account and agent statements
Books of account together with any statements and supporting vouchers from agents are required for the accountant’s examination and certification.
When: Before signing by the accountant

Frequently asked questions

What is Form No. 3AB?→

Form No. 3AB is the official certificate for tax deducted at source (TDS) under section 194A of the Income-tax Act, 1961, applicable for interest other than on securities. It is a legal document in India issued by deductors to deductees.

Is Form No. 3AB legally valid in India?→

Yes, Form No. 3AB is a prescribed statutory form under Income Tax Rules in India and holds full legal validity when properly filled, signed, and issued as per the Act.

Do I need to pay stamp duty on Form No. 3AB?→

No, stamp duty is not required on Form No. 3AB as it is a government-prescribed Income Tax form, not a contract or agreement necessitating stamping in India.

In what format can I download Form No. 3AB?→

Form No. 3AB is available for free download in both PDF (non-editable) and editable Word formats, suitable for printing and official use in India.

Can I edit or customize Form No. 3AB?→

Yes, the Word version of Form No. 3AB is fully customizable. Edit fields like deductor/deductee details while ensuring compliance with Indian Income Tax regulations.

Who should use Form No. 3AB and when?→

Deductors like banks or companies deducting TDS on interest (other than securities) under section 194A must issue Form No. 3AB to deductees within 15 days of credit or payment, whichever is earlier.

FORM NO. 3AB

FORM NO. 3AB

[See rule 6AAB]

**Statement of expenditure to be furnished for the purposes of deduction under section 35CC of the Income-tax Act, 1961

1.	Name and address of the *company/co-operative society

2.	Permanent Account Number
3.	Previous year
4.	Assessment year
5.	Date on which the programme of rural development was approved by the prescribed authority [please attach a true copy of the order of the prescribed authority approving the programme]
6.	(a) Copy of the programme of rural development as approved by the prescribed authority
	(a) Particulars of rural area covered by the programme
	(a) Particulars of work done during the previous year towards implementing the approved programme of rural development [please attach separate sheet(s), if necessary]
7.	Total expenditure incurred during the previous year on the approved progtamme of rural development
8.	Where any part of the expenditure referred to in item 7 above has been incurred before the approval of the programme of rural development by the prescribe authority, please specify the amount thereof
9.	Qualifying amount of expenditure [item 7 minus item 8]
10.	Amount of expenditure, out of the expenditure referred to in item 9 above, which has resulted in the acquisition or creation of any one or more of the following assets:-
	(i) Land
	(ii) Building
	(iii) Machinery or plant
	(iv)Furniture

	TOTAL

11.	(a) Has the *company/co-operative society divested itself of the ownership of the assets referred to in item 10 above before the end of the previous year?

	(b) If the answer to (a) above is in the affirmative, please indicate the date on which and the persons/authority in whose favour the property has been divested
	(c) ? If the answer to (a) above is in the negative, please specify the amount of expenditure which has resulted in the acquisition or creation of assets the ownership whereof has not been so divested
12.	Where the expenditure referred to in item 10 above includes any expenditure in respect of work-in-progress, please specify the amount thereof
13.	Amount of expenditure referred to in item 9 above which has hot resulted in the acquisition or creation of any asset, being land, building, machinery, plant or furniture [Please annex a break-up of various items of expenditure under appropriate account heads, e.g. purchase of goods, salaries and wages of regular employees, other salaries and wages, conveyance and travelling, etc. Any item under which the expenditure exceeds Rs. 5,000 should be shown as a separate and distinct item against an appropriate accounted and not combined with any other item or shown under ?Miscellaneous expenses?. Where the approved programme of rural development consists of more than one separate and distinct project, a break-up of expenditure on the above lines should please be furnished in respect of expenditure incurred in respect of each such project separately]
14.	Where the entire expenditure incurred on the approved programme of rural development has not been debited to a separate account, please specify the various accounts to which such expenditure has been debited and the amount debited to each account
15.	(a) Where the assessee has maintained original bills, receipt, etc., in respect of the expenditure referred to in item 9 above
	(b) whether such expenditure has been checked with reference to the bills, receipts, etc., and found to be in order
16.	(a) Whether any payment exceeding Rs. 2,500 has been made in respect of the expenditure on the approved programme of rural elopement otherwise than by a crossed cheque or a crossed bank draft-section 40A(3) of the income-tax Act. If so, please give details of such payments
	(b) Whether the expenditure incurred on the approved programme of rural development includes any expenditure not deductible under any other provision of the Income-tax Act. If so, please give particulars thereof.

17.	Amount of expenditure claimed as deduction under section 35CC(1)

The particulars given hereinabove have been prepared on an examination of the books of account and other documents maintained by M/s ____________..

[name of the *company/Co-operative society]

Place ____________.. ____________

Date ____________ **Signed

Accountant

Notes :

1. **Where any expenditure has been incurred during the previous year in respect of more than one programme of rural development, please furnish separate statements in respect of each such programme.

2. *Delete whichever is not applicable.

4. !This statement is to be signed by ?

(a) a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949); or

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Particulars		Figures at the end of
		Current financial year	Previous financial year

I	SOURCES OF FUNDS
	(4) Shareholders funds
	(a) Capital
	(i) Equity
	(ii) Preference
	(iii) Reserves and surplus
	(b) Reserves and surplus
	(i) Capital reserve
	(ii) Revenue reserve
	(iii) Revaluation reserve
	(iv) Surplus in profit and loss account	FORM NO. 23AB OF THE COMPANIES ACT, 1956 2k views 809 downloads

About this agreement

Supporting Documents

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