Clause wise discussion on form 3CD Clause 30

[Tax Audit Report]

Whether any cost audit was carried out, if yes, enclose a copy of the report of such audit [See section 139(9)].

[Clause 30]

[Tax Audit Report]

The tax auditor should ascertain from the management whether cost audit was carried out and if yes enclose the copy of the report of such audit.

Even though the tax auditor is not required to make any detailed study of such report, he has to take note of any material observation made in such cost audit report which may have relevance to the tax audit conducted by him.

The tax auditor need not express any opinion in a case where such audit has been ordered but the same has not been carried out.

[Tax Audit Report]

where cost audit which might have been ordered is not completed by the time the tax auditor gives his report, he has to state the same in this report.

[Tax Audit Report]

The tax auditor should examine the time period for which the cost audit if any has been required to be carried out.

Information is required to be given only in respect of such cost audit report the time period of which falls within the relevant previous year.