karkar3CB/3CA

FORM NO. 3CB

[See rule 6G(1)(b)]
Audit report under section 44AB of the Income-tax Act 1961, in the
case of a person referred to in clause (b) of sub-rule (1) of rule 6G

I have examined the balance sheet as on, 31-Mar-2018, and the profit & loss account for the period
beginning from 01-Apr-2016 to ending on 31-Mar-2018, attached herewith, of
M/s Prime Industries
B-4 Shed ,Udyambag, Government Industrial Area , Belagavi - 590008
AAFFP3464N.
I certify that the balance sheet and the profit & loss account are in agreement with the books of account
maintained at the head office at Belagavi and 0 branches.
3. (a) I report the following observations/comments/discrepancies/inconsistencies; if any:NIL
(b) Subject to above,-
(A) I have obtained all the information and explanations which, to the best of my knowledge and belief,
were necessary for the purposes of the audit.
(B) In my opinion, proper books of account have been kept by the head office and branches of the
assessee so far as appears from my examination of the books.
(C) In my opinion and to the best of my information and according to the explanations given to me, the
said accounts, read with notes thereon, if any, give a true and fair view:-
in the case of the balance sheet, of the state of the affairs of the assessee as at 31-Mar-2018;
(i)
and
(ii) in the case of the profit & loss account of the of the assessee for the year ended on that date.

4. The statement of particulars required to be furnished under section 44AB is annexed herewith in Form No.
3CD.

5. In my opinion and to the best of my information and according to explanations given to me, the particulars
given in the said Form No. 3CD are true and correct subject to following observations/qualifications, if
any:NIL

(Signature and stamp/seal of the signatory)

Place: Belgaum Name of the signatory: Nikhil M Shevade
Date: Partner M. No. 217379
Firm reg. No. 101118W
Full Address: Block No. 104, “Ashirwad Landmark”Roy
Road, Tilakwadi Belgaum 590006
3CD

FORM NO. 3CD

[See rule 6G(2)]

Statement of particulars required to be furnishedunder section 44AB of the Incometax Act, 1961

PART – A
1 Name of the assessee : M/s Prime industries
B-4 Shed, Udyambag, Government Industrial
2 Address :
Area, Begaum 590008

3 Permanent Account Number (PAN) : AAFFP3464N

4 Whether the assessee is liable to pay indirect tax like
excise duty, service tax, sales tax, customs duty, etc. if As per sch.4
:
yes, please furnish the registration number or any
other identification number allotted for the same
5 Status : PARTNERSHIP FIRM
6 Previous year : 01-Apr-2017 to 31-Mar-2018
7 Assessment year : 2018-19
Indicate the relevant clause of section 44AB under
8 : 44AB(d)
which the audit has been conducted

PART – B
9 (a) If firm or Association of Persons, indicate names of partners/members
and their profit sharing ratios.
As per sch. 9a
(b) If there is any change in the partners or members or in their profit
sharing ratio since the last date of the preceding year, the particulars of No
such change.
10 (a) Nature of business or profession (if more than one business or profession
is carried on during the previous year, nature of every business or
profession). As per sch. 10
(b) If there is any change in the nature of business or profession, the
particulars of such change.
11 (a) Whether books of account are prescribed under section 44AA, if yes, list
of books so prescribed. No
(b) List of books of account maintained and the address at which the books As per sch. 11b
of accounts are kept.
(In case books of account are maintained in a computer system, mention the
books of account generated by such computer system. If the books of
accounts are not kept at one location, please furnish the addresses of
locations along with the details of books of accounts maintained at each
location.)
(c) List of books of account and nature of relevant documents examined. As per sch. 11c
12 Whether the profit and loss account includes any profits and gains assessable on
presumptive basis, if yes, indicate the amount and the relevant sections (44AD,
44ADA, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, Chapter XII-G, First Schedule or
No
any other relevant section.)
13 (a) Method of accounting employed in the previous year. Mercantile system
(b) Whether there had been any change in the method of accounting employed
vis-a-vis the method employed in the immediately preceding previous year.
No
(c) If answer to (b) above is in the affirmative, give details of such change, and NA
the effect thereof on the profit or loss.
Increase in profit
Serial number Particulars Decrease in profit (Rs.)
(Rs.)
(d) Whether any adjustment is required to be made to the profits or loss for
complying with the provisions of income computation and disclosure standards
notified under section 145 (2)

1
 (e) If answer to (d) above is in the affirmative, give details of such adjustments

Increase in Decrease in Net Effect

profit (Rs.) profit (Rs.) (Rs.)
ICDS I - Accounting Policies
ICDS II - Valuation of Inventories
ICDS III - Construction Contracts
ICDS IV - Revenue Recognition
ICDS V - Tangible Fixed Assets
ICDS VI - Changes in Foreign
Exchange Rates
As per Sch 13(e)
ICDS VII - Governments Grants
ICDS VIII – Securities
ICDS IX - Borrowing Costs
ICDS X - Provisions, Contingent
Liabilities and Contingent Assets

(f) Disclosure as per ICDS:

ICDS I - Accounting Policies
ICDS II - Valuation of Inventories
ICDS III - Construction Contracts
As per Sch 13(f)
ICDS IV - Revenue Recognition
ICDS V - Tangible Fixed Assets
ICDS VII - Governments Grants
ICDS IX - Borrowing Costs
ICDS X - Provisions, Contingent Liabilities and Contingent Assets
14 Raw Material-lower of
(a) Method of valuation of closing stock employed in the previous year.
Cost /Market Rate
Finished goods- lower of
Cost/Market Rate
(b) In case of deviation from the method of valuation prescribed under section No Deviation
145A, and the effect thereof on the profit or loss, please furnish:
Increase in profit
Serial number Particulars Decrease in profit (Rs.)
(Rs.)
15 Give the following particulars of the capital asset converted into stock-in-trade: - NIL
(a) Description of capital asset;
(b) Date of acquisition;
(c) Cost of acquisition;
(d) Amount at which the asset is converted into stock-in-trade.
16 Amounts not credited to the profit and loss account, being,-
(a) the items falling within the scope of section 28; NIL
(b) the pro forma credits, drawbacks, refund of duty of customs or excise or
service tax, or refund of sales taxor value added tax, where such credits, NIL
drawbacks or refunds are admitted as due by the authorities concerned;
(c) escalation claims accepted during the previous year; NIL
(d) any other item of income; NIL
(e) capital receipt, if any. NIL
17 Where any land or building or both is transferred during the previous year for a NIL
consideration less than value adopted or assessed or assessable by any authority
of a State Government referred to in section 43CA or 50C, please furnish:
Details of property Consideration received or Value adopted or assessed or
accrued assessable
18 Particulars of depreciation allowable as per the Income-tax Act, 1961 in respect of As per sch. 18
each asset or block of assets, as the case may be, in the following form :-
(a) Description of asset/block of assets.
(b) Rate of depreciation.
(c) Actual cost or written down value, as the case may be.
(d) Additions/deductions during the year with dates; in the case of any addition
of an asset, date put to use; including adjustments on account of—

2
 (i) Central Value Added Tax credits claimed and allowed under the Central
Excise Rules,1944, in respect of assets acquired on or after 1st March,
1994,
(ii) change in rate of exchange of currency, and
(iii) subsidy or grant or reimbursement, by whatever name called.
(e) Depreciation allowable.
(f) Written down value at the end of the year.
19 Amounts admissible under sections-
(a) 32AC, (b) 33AB, (c) 33ABA, (d) 35(1)(i), (e) 35(1)(ii), (f) 35(1)(iia), (g) 35(1)
(iii), (h) 35(1)(iv), (i) 35(2AA), (j) 35(2AB), (k) 35ABB, (l) 35AC, (m)35AD,
(n)35CCA, (o)35CCB, (p)35CCC, (q) 35CCD, (r) 35D, (s) 35DD, (t)35DDA,
(u)35E:
NIL
Amount debited to profit and loss account
Amounts admissible as per the provisions of the Income Tax Act, 1961 and also
fulfils the conditions, if any specified under the relevant provisions of Income Tax
Act, 1961 or Income Tax Rules,1962 or any other guidelines, circular, etc., issued
in this behalf.
20 (a) Any sum paid to an employee as bonus or commission for services
rendered, where such sum was otherwise payable to him as profits or NIL
dividend. [Section 36(1)(ii)]
(b) Details of contributions received from employees for various funds as
referred to in section 36(1)(va):
As per sch. 20b
Serial Nature of Sum Due date The The actual date of
numb fund received for actual payment to the
er from payment Amount concerned authorities
employees paid
21 (a) Please furnish the details of amounts debited to the profit and loss account,
being in the nature of
Capital expenditure
Personal expenditure
Advertisement expenditure in any souvenir, brochure, tract, pamphlet or the like,
published by a political party
Expenditure incurred at clubs being entrance fees and subscriptions NIL
Expenditure incurred at clubs being cost for club services and facilities used
Expenditure by way of penalty or fine for violation of any law for the time being
force
Expenditure by way of any other penalty or fine not covered above
Expenditure incurred for any purpose which is an offence or which is prohibited by
law
(b) Amounts inadmissible under section 40(a):-
(i) as payment to non-resident referred to in sub-clause (i)
(A) Details of payment on which tax is not deducted: NIL
(I) date of payment
(II) amount of payment
(III) nature of payment
(IV) name and address of the payee
(B) Details of payment on which tax has been deducted but has not been NIL
paid during the previous year or in the subsequent year before the expiry
of time prescribed under section 200(1)
(I) date of payment
(II) amount of payment
(III) nature of payment
(IV) name and address of the payee
(V) amount of tax deducted
(ii) as payment referred to in sub-clause (ia)
(A) Details of payment on which tax is not deducted:
(I) date of payment
(II) amount of payment
3
 (III) nature of payment
(IV) name and address of the payee
(B) Details of payment on which tax has been deducted but has not been NIL
paid on or before the due date specified in sub- section (1) of section
139.
(I) date of payment
(II) amount of payment
(III) nature of payment
(IV) name and address of the payer
(V) amount of tax deducted
(VI) amount out of (V) deposited, if any
(iii) under sub-clause (ic) [Wherever applicable] NIL
(iv) under sub-clause (iia) NIL
(v) under sub-clause (iib) NIL
(vi) under sub-clause (iii) NIL
(A) date of payment
(B) amount of payment
(C) name and address of the payee
(vii) under sub-clause (iv) NIL
(viii) under sub-clause (v) NIL
(c) Amounts debited to profit and loss account being, interest, salary, bonus,
commission or remuneration inadmissible under section 40(b)/40(ba) and NIL
computation thereof;
(d) Disallowance/deemed income under section 40A(3):
(A) On the basis of the examination of books of account and other relevant
documents/evidence, whether the expenditure covered under section
40A(3) read with rule 6DD were made by account payee cheque drawn
on a bank or account payee bank draft. If not, please furnish the details: Yes
Serial Date of Nature of Amount Name and Permanent Account
number payment payment Number of the payee, if
available
(B) On the basis of the examination of books of account and other relevant
documents/evidence, whether the payment referred to in section
40A(3A) read with rule 6DD were made by account payee cheque drawn
on a bank or account payee bank draft If not, please furnish the details
of amount deemed to be the profits and gains of business or profession Yes
under section 40A(3A);
Serial Date of Nature of Amount Name and Permanent Account
number payment payment Number of the payee, if
available
(e) provision for payment of gratuity not allowable under section 40A(7); NIL
(f) any sum paid by the assessee as an employer not allowable under section
40A(9);
NIL
(g) particulars of any liability of a contingent nature; NIL
(h) amount of deduction inadmissible in terms of section 14A in respect of the
expenditure incurred in relation to income which does not form part of the NIL
total income;
(i) amount inadmissible under the proviso to section 36(1)(iii) NIL
22 Amount of interest inadmissible under section 23 of the Micro, Small and Medium
Enterprises Development Act, 2006.
NIL
23 Particulars of payments made to persons specified under section40A (2)(b). As per sch. 23
24 Amounts deemed to be profits and gains under section 32AC or 33AB or 33ABA or
33AC.
NIL
25 Any amount of profit chargeable to tax under section 41 and computation thereof. NIL
26 In respect of any sum referred to in clauses (a), (b), (c), (d), (e)or (f) of
section 43B, the liability for which:-
As per sch. 26

4
 (A pre-existed on the first day of the previous year but was not allowed in the
) assessment of any preceding previous year and was
(a) paid during the previous year;
(b) not paid during the previous year.
(B Was incurred in the previous year and was
)
paid on or before the due date for furnishing the return of income of
(a)
the previous year under section 139(1);
(b) not paid on or before the aforesaid date.
(State whether sales tax, customs duty, excise duty or any other indirect tax,
levy, cess, impost, etc., is passed through the profit and loss account.)
Yes
27 (a) Amount of Central Value Added Tax credits availed of or utilised during the
previous year and its treatment in the profit and loss account and treatment of As per sch. 27a
outstanding Central Value Added Tax credits in the accounts.
(b) Particulars of income or expenditure of prior period credited or debited to the
profit and loss account.
NIL
28 Whether during the previous year the assessee has received any property, being
share of a company not being a company in which the public are substantially
interested, without consideration or for inadequate consideration as referred to in
No
section 56(2)(viia), if yes, please furnish the details of the same.
29 Whether during the previous year the assessee received any consideration for
issue of shares which exceeds the fair market value of the shares as referred to in No
section 56(2)(viib), if yes, please furnish the details of the same.
30 Details of any amount borrowed on hundi or any amount due thereon (including
interest on the amount borrowed) repaid, otherwise than through an account NIL
payee cheque [Section 69D].
31 * (a) Particulars of each loan or deposit in an amount exceeding the limit specified
in section 269SS taken or accepted during the previous year
name, address and permanent account number (if available with the As per sch. 31a
(i)
assessee) of the lender or depositor;
(ii) amount of loan or deposit taken or accepted;
(iii) whether the loan or deposit was squared up during the previous year;
maximum amount outstanding in the account at any time during the
(iv)
previous year;
whether the loan or deposit was taken or accepted otherwise than by
(v)
an account payee cheque or an account payee bank draft.
*(These particulars needs not be given in the case of a Government company, a
banking company or a corporation established by a Central, State or Provincial Act.)
(b) Particulars of each repayment of loan or deposit in an amount exceeding the
limit specified in section 269T made during the previous year :—
(i) name, address and permanent account number (if available with the As per sch. 31b
assessee) of the payee;
(ii) amount of the repayment;
(iii) maximum amount outstanding in the account at any time during the
previous year;
(iv) whether the repayment was made otherwise than by account payee
cheque or account payee bank draft.
(c) Whether the taking or accepting loan or deposit, or repayment of the same Yes
were made by account payee cheque drawn on a bank or account payee bank
draft based on the examination of books of account and other relevant
documents
(The particulars (i) to (iv) at (b) and comment at (c) above need not be given in the
case of a repayment of any loan or deposit taken or accepted from Government,
Government company, banking company or a corporation established by a Central,
State or Provincial Act)
32 (a) Details of brought forward loss or depreciation allowance, in the following As per sch. 32a
manner, to the extent available:
Serial Assess Nature of Amount as Amount as assessed Remarks
Numbe ment loss/allow returned (in (give reference to
r Year ance (in rupees) relevant order)
rupees)

5
 (b) Whether a change in shareholding of the company has taken place in the
previous year due to which the losses incurred prior to the previous year NA
cannot be allowed to be carried forward in terms of section 79
(c) Whether the assessee has incurred any speculation loss referred to in section
73 during the previous year, If yes, please furnish the details of the same.
NIL
(d) Whether the assessee has incurred any loss referred to in section 73A in
respect of any specified business during the previous year, if yes, please NIL
furnish details of the same.
(e) In case of a company, please state that whether the company is deemed to be
carrying on a speculation business as referred in explanation to section 73, if
yes, please furnish the details of speculation loss if any incurred during the
NA
previous year.
33 Section-wise details of deductions, if any, admissible under Chapter VIA or
Chapter III (Section 10A, Section 10AA).
Section under Amounts admissible as per the provision of the Income Tax Act, 1961 NIL
which and fulfils the conditions, if any, specified under the relevant provisions
deduction is of Income Tax Act, 1961 or Income Tax Rules,1962 or any other
claimed guidelines, circular, etc, issued in this behalf.
34 (a) Whether the assessee is required to deduct or collect tax as per the provisions Yes, As per sch. 34a
of Chapter XVII-B or Chapter XVII-BB, if yes please furnish:
1 Tax deduction and collection Account Number (TAN)
2 Section
3 Nature of payment
4 Total amount of payment or receipt of the nature specified in column (3)
5 Total amount on which tax was required to be deducted or collected out of (4)
6 Total amount on which tax was deducted or collected at specified rate out of (5)
7 Amount of tax deducted or collected out of (6)
8 Total amount on which tax was deducted or collected at less than specified
rate out of (5)
9 Amount of tax deducted or collected on (8)
10 Amount of tax deducted or collected not deposited to the credit of the
Central Government out of (6) and (8)
(b) Whether the assessee has furnished the statement of tax deducted or tax Yes
collected within the prescribed time. If not, please furnish the details:
Tax deduction Whether the statement of tax
Due Date of
and collection deducted or collected contains
Type of date for furnishing,
Account information about all
Form furnishin if
Number transactions which are required
g furnished
(TAN) to be reported
(c) Whether the assessee is liable to pay interest under section 201(1A) or No
section 206C(7). If yes, please furnish:
Tax deduction and Amount of interest under Amount paid out of column (2)
collection Account Number section 201(1A)/206C(7) along with date of payment.
(TAN) is payable
35 (a) In the case of a trading concern, give quantitative details of principal items of NA
goods traded:
(i) opening Stock;
(ii) purchases during the previous year;
(iii) sales during the previous year;
(iv) closing Stock;
(v) shortage/excess, if any.
(b) In the case of manufacturing concern, give quantitative details of the principal As per sch. 35b-A
items of raw materials, finished products and by-products:
A Raw materials :
(i) opening stock;
(ii) Purchases during the previous year;
(iii) consumption during the previous year;
(iv) sales during the previous year;
(v) closing stock;

6
 (vi) yield of finished products;
(vii) percentage of yield;
(viii) shortage/excess, if any.
B Finished products/By-products : Nil
(i) opening stock;
(ii) purchases during the previous year;
(iii) quantity manufactured during the previous year;
(iv) sales during the previous year;
(v) closing stock;
(vi) shortage/excess, if any.
36 In the case of a domestic company, details of tax on distributed profits under NA
section 115-O in the following form: -
(a) total amount of distributed profits;
(b) amount of reduction as referred to in section 115-O(1A)(i);
(c) amount of reduction as referred to in section 115-O(1A)(ii);
(d) total tax paid thereon;
(e) dates of payment with amounts.
37 Whether any cost audit was carried out, if yes, give the details, if any, of
disqualification or disagreement on any matter/item/value/quantity as may be NA
reported/identified by the cost auditor.
38 Whether any audit was conducted under the Central Excise Act, 1944, if yes, give
the details, if any, of disqualification or disagreement on any NA
matter/item/value/quantity as may be reported/identified by the auditor.
39 Whether any audit was conducted under section 72A of the Finance Act,1994 in
relation to valuation of taxable services, Finance Act,1994 in relation to valuation
of taxable services, if yes, give the details, if any, of disqualification or NA
disagreement on any matter/item/value/quantity as may be reported/identified by
the auditor.
40 Details regarding turnover, gross profit, etc., for the previous year and preceding As per sch. 40
previous year:
1. Total turnover of the assessee
2. Gross profit/turnover
3. Net profit/turnover
4. Stock-in-trade/turnover
5. Material Consumed/finished goods produced
(The details required to be furnished for principal items of goods traded or
manufactured or services rendered)
41 Please furnish the details of demand raised or refund issued during the previous
year under any tax laws other than Income Tax Act, 1961 and Wealth tax Act, No
1957 alongwith details of relevant proceedings.

(Signature and stamp/seal of the signatory)

Place: Belgaum Name of the signatory: Nikhil M Shevade
Date: Partner M. No. 217379
Firm reg. No. 101118W
Full Address: Block No. 104, “Ashirwad Landmark”Roy
Road, Tilakwadi Belgaum 590006

7
 Schedules to Form 3CD A.Y. 2017-18
Schedules

4: Indirect tax Reg. Numbers

Indirect Tax law details Reg. No.
1 VAT Act- Karnataka 29950348447
2 Central Excise Act AAFFP3464NEM001
3 Customs Act 0714011410
4 Service Tax(Finance Act 1994) AAFFP3464NSD002
5 Other: Import Export Code 0714011410
6 GSTIN 29AAFFP3464N1ZN

9a: Details of Profit Sharing Ratio

Name Profit share %

1. Rahul G. Phadke 80
2. Mayur G. Phadke 10
3. Govind N. Phadke 10
Total 100

11b: Books maintained

Address
B-4 Shed, Government Industrial Area, Udyambag, Belgaum- 590008,
1 Bank book
Karnataka
2 Cash book -do-
3 Journal -do-
4 Ledger -do-
5 Purchase register -do-
6 Sales register -do-
7 Debtors register -do-
8 Creditors register -do-

8
 Schedules to Form 3CD A.Y. 2017-18
10: Details of business \ profession
Nature of Business \ profession Code Particulars of change
1 Manufacturing Industry- Engineering Goods 0107 No Change

9
 Schedules to Form 3CD A.Y. 2017-18
11c: Books / documents examined
1 Bank book
2 Cash book
3 Journal
4 Ledger
5 Purchase register
6 Sales register
7 Debtors Ledger
8 Creditors Ledger
9 Vouchers
10 Bills
11 Reciepts
12 Challans
13 Debit Notes
14 Agreements

10
 Schedules to Form 3CD A.Y. 2017-18
20b: PF and ESI contributions from employees

18 (i): Depreciation allowable under the Act

Block of Assets Rate W.D.V. as on Additions Up Additions Deletion Tota
Nature of fund - EPF Sum received01.04.17 to
Due date for 3.10.17 after 3.10.17
The actual The actual date of payment
4- Furniture ,fittings& electrical fittings from
10% employees 73461 payment Amount
0 paid to the0 concerned authorities
0 7346
1 EPF 7869 15-May-2017 7869 12/05/2017
5- Plant &2machinery,
EPF motor cars etc 15% 8696 1848655
15-Jun-2017 15920 8696 36311 09/06/2017 0 190088
3 EPF 9755 15-Jul-2017 9755 10/07/2017
10- Computers, software, books etc. 40% 78 15000 0 0 1507
4 EPF 9807 15-Aug-2017 9807 10/08/2017
Total 5 EPF 9769 15-Sep-2017 9769 11/09/2017
6 EPF 12251 15-Oct-2017 12251 09/10/2017
7 EPF 12209 15-Nov-2017 12209 08/11/2017
8 EPF 12209 15-Dec-2017 12209 08/12/2017
9 EPF 11249 15-Jan-2018 11249 11/01/2018
10 EPF 12702 15-Feb-2018 12702 06/02/2018
11 EPF 12972 15-Mar-2018 12972 08/03/2018
12 EPF 13059 15-Apr-2018 13059 11/04/2018
Total 132547 132547

Sum received Due date for The actual The actual date of payment
Nature of fund -ESI
from employees payment Amount paid to the concerned authorities
1 ESI 1921 21-May-2017 1921 12/05/2017
2 ESI 1852 21-Jun-2017 1852 09/06/2017
3 ESI 2223 21-Jul-2017 2223 10/07/2017
4 ESI 2405 15-Aug-2017 2405 10/08/2017
5 ESI 2411 15-Sep-2017 2411 11/09/2017
6 ESI 2764 15-Oct-2017 2764 09/10/2017
7 ESI 2846 15-Nov-2017 2846 08/11/2017
8 ESI 2916 15-Dec-2017 2916 08/12/2017
9 ESI 2919 15-Jan-2018 2919 11/01/2018
10 ESI 3432 15-Feb-2018 3432 06/02/2018
11 ESI 3080 15-Mar-2018 3080 08/03/2018
12 ESI 3033 15-Apr-2018 3033 10/04/2018
Total 31802 31802

20b:
Other welfare
Funds

The actual date of

Nature of fund Sum Recd Due Date for The actual payment
to the concerned
from employees payment amount paid authorities
Other .00 15.01.2018 .00

21c: Inadmissible expenses u/s 40(b)/40(ba)

Amount Debited Admissible Inadmissible
Particulars Section Remarks
to P/L A/C Amount Amount

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 Schedules to Form 3CD A.Y. 2017-18

23: Payments to specified persons u/s 40A(2)(b)

Nature of
Name Amount Relation PAN
Transaction
Managing
1. M/s S.G.Phadke & Sons 3735 AADFS9068H Factory Rent
Partner

26.Payments referred to in section 43B

(A)Liabilities pre-existed on the first day of previous year

Liabilities pre-existed on the first day of pevious year

S.no Section Description Paid during NOT paid

the year during the year
1 43BF Leave 27041 NIL
salary
2 43BC Bonus 80583 NIL
3 Bank 36544 NIL
Interest

(B) Liabilities incurred during previous year

Paid before due

Section Description date NOT paid within due date
43Bc Bonus / Commission to employees ------- 92015
43Bb Employer's contribution to PF 13059
43Ba GST Payable 109004
43Bb Employer's contribution to ESI 3033
43Bf Leave Salary 36489.61
43Ba Entry Tax 0
43Be Interest to banks

27a: CENVAT Credits

Amount Treatment in a/cs
Opening Balance 98030.00 Balance with Revenue Authorities

12
 Schedules to Form 3CD A.Y. 2017-18
CENVAT Availed 9315.00 Reduced from respective items of
Purchases and expenses.
CENVAT Utilized 31205.00 Utilized for Excise Duty and
Service Tax payment
Closing Balance 76140.00 Balance transferred to Trans 1

GST Credits

Opening Balance 76140.00 Balance with Revenue Authorities

CENVAT Availed 218562.00 Reduced from respective items of
Purchases and expenses.
CENVAT Utilized 291462.00 Utilized for Excise Duty and
Service Tax payment
Closing Balance 3240.00 Balance transferred to Trans 1

31a: Loans/ Deposits/ sums accepted u/s 269SS

Accepted Accepted
Maximum by by A/c
Amount of squared
Name Address PAN Amount o/ Cheque/D payee
deposit/ loan up
s D/ECS Cheque/D
D
B-4 Shed,
Government
M/s S.G.Phadke & Industrial Estate, By By
1. AADFS9068H No 30,88,665
Sons Udyambag, Cheque Cheque
Belgaum- 590008,
Karnataka

31b: Specified sums accepted u/s 269SS

Accepted by Accepted by
Amount of
Name Address PAN Cheque/DD/ A/c payee
Specified sum ECS Cheque/DD

31c: Loans/ Deposits/ sums repaid u/s 269T

Maximum Repaid by Repaid by
Amount of
Name Address PAN Amount Cheque/DD/ A/c payee
repayment ECS Cheque/DD
o/s
Smt. Rashmi R. SUYOG, Angol Road, By
1. AZYPP3864E 2500 500 By Cheque
Phadke Tilakwadi, Belgaum Cheque
B-4 Shed,
Government
M/s S.G.Phadke Industrial Estate, By
2. AADFS9068H 871332 3136729 By Cheque
& Sons Udyambag, Cheque
Belgaum- 590008,
Karnataka

31d: Repayments u/s 269T- accepted otherwise than by Cheque/DD/ECS

Amount of
Name Address PAN
repayment

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 Schedules to Form 3CD A.Y. 2017-18
31e: Repayments u/s 269T- accepted byCheque/DD (not A/c payee)

Amount of
Name Address PAN
repayment

32a: Brought forward Loss

Amount
Amount as
Asst.Ye as assesse Asst.
ar Nature of Loss returned d Asst.Order No. order date Remarks
As per Returned
filed & intimation
CPC/1112/15/120268256 u/s 143(1) As per
2011-12 Orinary business loss 89370 89370 2 8 Jun 12 Return
As per Returned
filed & intimation
CPC/1213/P5130463155 u/s 143(1) As per
2012-13 Orinary business loss 529266 529266 1 23 May 13 Return
As per Returned
filed & intimation
CPC/1415/A5/14215921 u/s 143(1) As per
2014-15 Orinary business loss 516204 516204 16 22 Nov 14 Return
As per Returned
filed & intimation
Depreciation u/s 143(1) As per
2004-05 Allowance 31890 31890 143 (1) 23 Mar 05 Return
As per Returned
filed & intimation
Depreciation u/s 143(1) As per
2010-11 Allowance 5776 5776 143 (1) 1 Aug 11 Return
As per Returned
filed & intimation
Depreciation CPC/1112/15/120268256 u/s 143(1) As per
2011-12 Allowance 523180 523180 2 8 Jun 12 Return
As per Returned
filed & intimation
Depreciation CPC/1213/P5130463155 u/s 143(1) As per
2012-13 Allowance 685559 685559 1 23 May 13 Return
As per Returned
filed & intimation
Depreciation u/s 143(1) As per
2013-14 Allowance 398906 398906 26 Oct 13 Return
As per Returned
filed & intimation
Depreciation CPC/14/15/A5/14215921 u/s 143(1) As per
2014-15 Allowance 526716 526716 16 22 Nov 14 Return
As per Returned
filed & intimation
u/s 143(1) As per
2015-16 Orinary business loss 126590 126590 Return
As per Returned
filed & intimation
Depreciation u/s 143(1) As per
2015-16 Allowance 470536 470536 Return
As per Returned
filed & intimation
u/s 143(1) As per
Depreciation Return
2016-17 Allowance 384230 384230 16 Oct 16

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 Schedules to Form 3CD A.Y. 2017-18
As per Return filed
& intimation u/s
Ordinary Business 143(1)As per
2016-17 Loss 659987 659987 Return

TOTAL 4948210 4948210

34a: Deduction or collection of tax as per the provisions of Chapter XVII-B or Chapter XVII-BB
To
Total amount on
Total amount of Total amount on on
which tax was Amount of
Tax deduction and payment or which tax was wa
Sectio deducted or tax deducted
collection Account Nature of payment receipt of the required to be or
n collected at or collected
Number (TAN) nature specified in deducted or
specified rate out of (6)
column (3) collected out of (4) sp
out of (5)

(1) (2) (3) (4) (5) (6) (7)

BLRP16283B 192 Salary 1239712 NIL NIL NIL
BLRP16283B 194C Payment to Contractors 342747 NIL NIL NIL
BLRP16283B 194I Rent 3600 NIL NIL NIL
BLRP16283B Fees for Professional and
194J Technical Services
32342 NIL NIL NIL
BLRP16283B 206C Scrap 8564 8564 8564 87
Total 1626965 8564 8564 87

34b: Delay in filing TDS/TCS return

Whether the statement of tax
Tax deduction and Date of
Type of Due date for deducted or collected contains
collection Account Number furnishing, if
Form furnishing information about all transactions
(TAN) furnished
which are required to be reported

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 Schedules to Form 3CD A.Y. 2017-18

35b-A: Raw Materials Details

Shortag
e/ %Of
Description Units Opening Stock Purchases Consumption Sales Closing Stock Yield
Excess Yield
(-)
1. Main Poppet Numbers 729 5250 5698 - 281 - - -
2. Decom Poppet Numbers 470 5172 5465 - 177 - - -
3. Hex Head Pipe 1/4’’ NPT Numbers 2867 8720 11587 - 0 - - -
4. Oil Liters 40 822 826 - 36 - - -
5. Grinding /ID Wheel Numbers 259 310 278 - 291 - - -
6. CNC Insert Numbers 131 809 790 - 150 - - -

35b-B: Details of Finished Products

Quantity Shortage/
Units Opening Stock Purchases Sales Closing Stock
Manufactured Excess(-)

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 Schedules to Form 3CD A.Y. 2017-18

40: Accounting Ratios

Current year Ratio to Last year Last year
amount turnover(%) amount %
1 Total turnover of the assessee 4512600 2694243
2 Gross profit/turnover 1291959 29% -98972 -4%
3 Net profit/turnover 127328 3% -1071919.62 -40%
4 Stock-in-trade/turnover 0 0 0 0
5 Material consumed to Finished goods 26% 51%
Material consumed 836812 301168
Finished goods 3214841 586355

41: Indirect tax Demands / refunds

Financial Demand /
Relevant Tax law Type Amount Remarks
Year Refund Date

(Signature and stamp/seal of the signatory)

Place: Belgaum Name of the signatory: Nikhil M Shevade
Date: Partner, M. No. 217379
Firm reg. No.101118W
Full Address: Block No.104, "Ashirwad Landmark" Roy
Road, Tilakwadi, Belgaum 590 006

17