Form 100: Audit report under section 268(5)
Source checked 21 October 2026 · Original author: Finin2min Editorial Desk
Purpose, person and period
Audit report under section 268(5).
The nominated accountant furnishes the section 268(5) special-audit report in Form 100 in response to the actual direction and scope; the assessee does not self-certify this report.
Period gate: This numbered form belongs to the Income-tax Rules, 2026, effective 1 April 2026. The predecessor 6B is a concordance, not permission to change an earlier-year filing into a new-law form. For earlier periods, use the applicable 1961 Act form and saved procedure.
Controlling rule and source pages
Rule 171; Section 268(5). Physical PDF pp 596-603; printed Gazette pp 2128-2135.
Rule 171 — connected rule text
171. Forms for report of audit or inventory valuation under section 268(5). — (1) The report of audit of the accounts of an assessee, which is required to be furnished under section 268(5)(i), shal l be in Form No. 100. (2) The report of inventory valuation of an assessee, which is required to be furnished under section 268(5)(ii), shall be in Form No. 101.
Completed field illustration
Fictional data, not for filing. A neutral special-audit field model reconciles a small trading inventory after an assumed AO audit direction.
| Form field / block | Completed fictional entry |
|---|---|
| Report paragraph: assessee / year / AO direction | Example Trading Ltd / 2026-27 / MODEL-AO-DIRECTION-100 dated 1 June 2028, not an actual direction |
| Annexure Part A: identity / address / PAN / contact | Example Trading Ltd / 10 Model Road, Pune / synthetic ZZZCE0000Z / audit@example.invalid, +91 0000000000 |
| Part B rows 1-6: books / method / changes | Sales, purchase, stock and bank ledgers at Pune / mercantile / no change in accounting method, assumed |
| Rows 7-9: stock valuation / changes | Lower of cost and NRV for model traded goods / no method change assumed |
| Row 11: traded item quantities | Opening 100 units + purchases 500 - sales 450 = closing 150 units; shortage nil |
| Opening / closing valuation | Rs 100 cost and Rs 120 NRV per unit; opening Rs 10,000 and closing Rs 15,000 |
| Rows 12-13: physical verification | Assumed count 150 units; discrepancy nil, supported only by model stock working |
| Other expenditure, partners, company-benefit and tax clauses | Not covered by this selected-field model; the complete official audit annexure must be completed from actual records |
| Report opinion / accountant details / signature | No audit opinion issued; MODEL ACCOUNTANT ROLE / NOT SIGNED / no UDIN |
This illustrates the named fields, not every possible schedule. Use the complete official extract for additional applicable fields, annexures and verification. “Not signed” means no professional certification or authority action has occurred.
Reconcile the example
- 100+500-450 = 150 units.
- 150 × min(100,120) = Rs 15,000 closing stock.
Form 100 is an AO-directed special-audit report, not a voluntary substitute for Form 26 tax audit. It requires the nominated professional’s real examination and every applicable annexure clause; the selected stock fields do not constitute a full audit.
Prepare, furnish and retain
- Use the form identity and period above, then determine the person who prepares, issues or verifies it from Rule 171. An authority-issued order is not an applicant filing.
- Collect the records that support the actual fields in the example; keep any mandatory schedules and annexures specified in the complete source form.
- Reconcile dates, amounts, units and identifiers to the underlying records. Preserve the applicable rule version and any later correcting notification.
- Where the rule prescribes electronic furnishing, use the current official utility/schema and authorised verification. A local PDF does not produce a portal acknowledgement.
- Retain the submitted version, supporting schedules and actual acknowledgement or issued certificate/order, as applicable. This fictional model supplies none of those evidential outcomes.
Download the correct documents
Official Form 100 source extract Filled sample — fictional field illustration
The official extract preserves source pages; later amendments are supplied with affected forms. Read the April corrigendum where its printed-page corrections apply. The filled field illustration is an educational model and cannot be filed.
Primary sources
Questions readers ask
Does this sample prove approval, filing or a professional conclusion?
No. It completes the named fields using synthetic facts. It has no real signature, DSC, approval or acknowledgement.
Can I use the legacy form number for a current tax-year obligation?
Establish the governing period first. A predecessor number is a cross-reference; earlier-year procedures and current-year forms must be kept distinct.