1199. ABC is a partnership firm and has incurred
capital expenditure for scientific research assets
and has debited it to P & L
. Whether the tax auditor is required to report the
same in Form No. 3CD, identify the relevant
clause of Form No. 3CD under which the tax
auditor is required to report?
a) Yes, under Clause 19 of Form 3CD
b) Yes, under Clause 20 of Form 3CD
c) Yes, under Clause 18 of Form 3CD
d) Yes, under Clause 21 of Form 3CD”
Answer: d) Yes, under Clause 21 of Form 3CD”
 
MCQ revised for better understanding
“ABC is a partnership firm and has incurred capital expenditure and has debited it to p& l .Whether the tax auditor is required to report the same in Form No. 3CD, identify the relevant clause of Form No. 3CD under which the tax auditor is required to report?
a)Yes,under Clause 19 of Form 3CD
b)Yes,under Clause 20 of Form 3CD
c)Yes,under Clause 18 of Form 3CD
d)Yes,under Clause 21 of Form 3CD”
Answer:
d)Yes,under Clause 21 of Form 3CD”