Download 3CD Form for AY 2021-22: Step by Step Process and Checklist
How to Download 3CD Form for AY 2021-22
If you are an individual or a Hindu Undivided Family (HUF) who is not eligible to file Form ITR-1 (Sahaj) and who is not having any income under the head Profits or gains of business or profession, you may need to file Form 3CD along with your tax audit report. Form 3CD is a statement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961. It contains various information and disclosures related to your income, expenses, assets, liabilities, taxes, and transactions that need to be reported to the Income Tax Department. In this article, we will explain how to download 3CD form for AY 2021-22 and what are the benefits and common errors of filing it.
Step 1: Visit the Income Tax Department website and log in
The first step to download 3CD form is to visit the official website of the Income Tax Department at and log in with your user ID and password. If you are a new user, you need to register yourself by providing your PAN, name, date of birth, mobile number, email ID, and other details.
download 3cd form for ay 2021-22
Step 2: Go to the Downloads section and select Income Tax Forms
After logging in, you need to go to the Downloads section on the homepage and select Income Tax Forms from the drop-down menu. You will see a list of various forms available for download in PDF or e-file format. You can also search for a specific form by entering its name or number in the search box.
Step 3: Find Form 3CD under Frequently Used Forms and click on PDF or e-file
Form 3CD is one of the frequently used forms by taxpayers who are subject to tax audit under section 44AB. You can find it under the heading Frequently Used Forms (Income tax Rules) on the Income Tax Forms page. You can download it in PDF format by clicking on the PDF link or fill it online by clicking on the e-file link. You will need Adobe Acrobat Reader software to open and print the PDF form.
Step 4: Save the form on your computer or fill it online
If you choose to download the form in PDF format, you need to save it on your computer and open it with Adobe Acrobat Reader. You can then fill it manually by entering the required details in each clause and sub-clause. Alternatively, you can fill it online by clicking on the e-file link. You will be redirected to a web portal where you can enter your details online and submit them electronically. You will need a digital signature or an electronic verification code ( EVC) to authenticate your submission. You can also preview and print the form before submitting it.
Step 5: Attach the form to your tax audit report and submit it electronically or by post
Once you have filled and verified the form, you need to attach it to your tax audit report prepared by a chartered accountant. You can submit the form and the report electronically through the e-filing portal of the Income Tax Department or by post to the designated address. You will receive an acknowledgement of your submission on your registered email ID or mobile number. You should keep a copy of the form and the report for your records.
Benefits of Filing 3CD Form
Filing 3CD form has several benefits for taxpayers who are subject to tax audit under section 44AB. Some of them are:
Compliance with tax laws and avoidance of penalties: Filing 3CD form is mandatory for taxpayers who are required to get their accounts audited under section 44AB. If they fail to do so, they may face penalties ranging from 0.5% to 1.5% of their turnover or gross receipts, subject to a maximum of Rs. 1.5 lakh.
Disclosure of relevant information and transactions for tax assessment: Filing 3CD form helps the taxpayers to disclose various information and transactions that are relevant for their tax assessment. For example, they can report their income from foreign sources, deductions claimed under various sections, depreciation on assets, loans and advances, investments, etc. This helps the tax authorities to verify their income and tax liability.
Claiming deductions and allowances under various sections of the Income Tax Act: Filing 3CD form also enables the taxpayers to claim deductions and allowances under various sections of the Income Tax Act, such as section 80C, section 80D, section 80G, etc. These deductions and allowances can reduce their taxable income and tax liability.
Common Errors to Avoid While Filling 3CD Form
While filling 3CD form, taxpayers should be careful and avoid some common errors that may lead to rejection or scrutiny of their form. Some of these errors are:
Incorrect or incomplete details of the assessee, auditor, and tax audit: The taxpayers should ensure that they provide correct and complete details of their name, address, PAN, status, previous year, assessment year, etc. They should also provide correct and complete details of their auditor, such as name, membership number, address, etc. They should also mention the date and nature of their tax audit.
Mismatch between the financial statements and the form particulars: The taxpayers should ensure that there is no mismatch between their financial statements (such as balance sheet, profit and loss account, cash flow statement, etc.) and the particulars given in the form. For example, they should report the same figures of turnover, gross profit, net profit, assets, liabilities, etc. in both places.
Omission or misreporting of any clause or sub-clause of the form: The taxpayers should ensure that they do not omit or misreport any clause or sub-clause of the form. For example, they should not skip any clause that is applicable to them or report any clause that is not applicable to them. They should also provide accurate and relevant information in each clause or sub-clause.
Inconsistency with other forms or reports filed by the assessee: The taxpayers should ensure that there is no inconsistency between their 3CD form and other forms or reports filed by them. For example, they should not report different figures of income or expenses in their ITR form and their 3CD form. They should also not contradict any information given in their audit report or other certificates.
Frequently Asked Questions
Here are some frequently asked questions about 3CD form:
What is the due date for filing 3CD form?The due date for filing 3CD form is the same as the due date for filing ITR form for taxpayers who are subject to tax audit under section 44AB. For AY 2021-22, the due date is September 30, 2023.
What are the consequences of not filing 3CD form?If a taxpayer fails to file 3CD form along with his/her tax audit report within the due date, he/she may face penalties under section 271B of the Income Tax Act. The penalty may range from 0.5% to 1.5% of his/her turnover or gross receipts, subject to a maximum of Rs. 1.5 lakh.
How to verify the authenticity of 3CD form?The taxpayer can verify the authenticity of 3CD form by checking the digital signature or the EVC of the form. The digital signature or the EVC should match with the one used by the taxpayer while filing the form. The taxpayer can also check the status of the form on the e-filing portal of the Income Tax Department.
Can I revise or rectify 3CD form after filing?Yes, the taxpayer can revise or rectify 3CD form after filing, if he/she discovers any mistake or omission in the form. The taxpayer can file a revised or rectified form online through the e-filing portal of the Income Tax Department. The revised or rectified form should be filed before the completion of the assessment or before the expiry of one year from the end of the relevant assessment year, whichever is earlier.
Where can I get help or guidance for filling 3CD form?The taxpayer can get help or guidance for filling 3CD form from various sources, such as:
The instructions and guidelines given in the form itself.
The official website of the Income Tax Department at .
The helpline numbers and email IDs provided by the Income Tax Department.
The chartered accountant who is conducting the tax audit.
The online forums and blogs related to income tax and tax audit.
I hope this article has helped you to understand how to download 3CD form for AY 2021-22 and what are its benefits and common errors. If you have any queries or feedback, please feel free to comment below. Thank you for reading!
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