FORM NO. 3AD

PART I

A further report as required under the proviso to section 33ABA(2) is furnished in Part III of this Form.

In ⁺my/our opinion and to the best of ⁺my/our information and according to the explanations given to ⁺me/us, the particulars given in Part III of this Form are true and correct.

..............................................................

     Signature ⁺⁺
Accountant

         (i) a Chartered Accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949): or
        (ii) any person who, in relation to any State, is, by virtue of the provisions of 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; or
       (iii) any person who is, by virtue of any other law, entitled to audit the accounts of the assessee for the relevant previous year.      

Part II

⁺I/We have obtained all the information and explanations which to the best of ⁺my/our knowledge and belief were necessary for the purposes of the audit.  In ⁺my/our opinion, proper books of account have been kept by the head office and the branches of the assessee so far as appears from ⁺my/our examination of books, subject to the comments given below :

In ⁺my/our opinion and to the best of ⁺my/our information and according to the explanations given to ⁺me/us, the said accounts give a true and fair view-

       (i) in the case of the balance sheet, of the state of the abovenamed assessee's affairs as at ............................; and
      (ii) in the case of the +profit and loss account/income and expenditure statement, of the profit or the income or loss of 
           the abovenamed assessee for the year ended on ....................................

The particulars required for verification of the claim for deduction under section 33ABA(2) are given in Part III of this Form.  In ⁺my/our opinion and to the best of ⁺my/our information and according to the explanations given to ⁺me/us, the particulars given in Part III hereof are true and correct.

2. Where any of the matters stated in this report is answered in the negative or with a qualification, the report shall state the 
    reason therefor.

3. ⁺⁺This report has to be given by-

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

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

Part III

2. Method of accounting employed (please indicate whether there is any change from the method of accounting employed in the immediately preceding previous year).

3. Whether separate accounts are maintained in respect of business consisting of the prospecting for, or extraction or production of , petroleum or natural gas or both in India.

4. If the answer to item 3 above is in the affirmative please indicate the profits of such business, computed under the head "Profits and gains of business or profession" before making any deduction under section 33ABA. 

5. In case separate accounts are not maintained or are not available, please indicate-

   (i) total sales or turnover of business consisting of the prospecting for, or extraction or production of, petroleum or natural gas or both 
        in India;

   (ii) total sales or turnover of assessee's business;

   (iii) total profits of the assessee's business computed under the head "Profits and gains of business or profession" before making any 
         deduction under section 33ABA; and
 
   (iv) the proportionate profit of the business consisting of the prospecting for, or extraction or production of, petroleum or 
          natural gas or both in India.

6. The amount deposited before the end of the previous year with the State Bank of India in accordance with the Scheme.  (Please indicate 
    the account number of the branch of the concerned State Bank of India and the dates and the amount of deposits).

7. Amount of interest credited to the account under the scheme during the previous year.

8. Withdrawals made from the account referred to in item 6 with the dates and amounts of withdrawals.

9. Purposes for which withdrawals referred to in item 8 were made. [Please indicate whether it is for the purposes specified in the scheme.]

10. The amounts utilised out of the withdrawals referred to in item 8 above with details regarding the purpose for which and the dates on 
      which the amounts were utilised.

11. Please indicate whether any amount has been utilised for  the purchase of any item referred to in section 33ABA(4) or has been 
      claimed as an allowance in computing the income chargeable to tax under the head "Profits and gains of business or profession".

12. The amounts withdrawn from the State Bank of India but not utilised during the previous year for the purposes specified in the 
      Scheme.

13. Whether any assets acquired in accordance with the provisions of the Scheme are sold or otherwise transferred during the previous 
      year.  If the answer is in the affirmative, please indicate separately in respect of each asset, the date of acquisition, cost of acquisition, 
      date of sale or transfer, consideration for sale or transfer and the name(s) of the person(s) to whom the asset was sold or transferred.

14. The amount of deduction permissible in accordance with the provisions of section 33ABA.

2. ⁺This part of the report is to be signed by the person signing Part I or Part II of the report.

3. Please attach the profit and loss account/income and expenditure statement and the balance sheet to this report.  If separate accounts are maintained for business consisting of the prospecting for, or extraction or production of, petroleum or natural gas or both in India, the profit and loss account/income and expenditure statement and balance sheet may be attached separately for such business.

Check List

2. The Notes provided in the form should be followed.

3.The assessee is required to obtain this Report from the designated person and furnish it along with the return of income in which the aforesaid deduction is claimed.  This report is to be obtained and filed for each year for which the deduction is claimed.  Assessees whose accounts are required to be  audited under any other law should also furnish the statutory audit report.

5. All the Parts must be filled up, verified and signed by the  person designated in this behalf.