CBDT on 20 July, 2018 Notifies Amendments in Form 3CD (Tax Audit Report), applicable from 20 August, 2018: Income-tax (8th Amendment) Rules, 2018
Summary of Amendments in Tax Audit Report. :
| Clause No | Amendments/Insertion |
|---|---|
| 4. (amended) | GSTIN to be Mentioned |
| 19. (amended) | Allowances under Section 32AD to be reported |
| 24. (amended) | Deemed gains u/s 32AD to be reported |
| 26. (amended) | Reporting of any sum payable to Railways u/s 43B(g) which is not allowable as deduction for non-payment |
| 29A. (new) | Reporting of amount chargeable u/s 56(2)(ix) as ‘income from other sources |
| 29B. (new) | Reporting of amount chargeable u/s 56(2)(x) as ‘income from other sources |
| 30A. (new) | Reporting details of Primary Adjustments to Transfer Price u/s 92CE(1) |
| 30B. (new) | Reporting details of interest expenditure incurred exceeding one crore rupees as referred u/s 94B(1) |
| 30C. (new) | Reporting details of impermissible avoidance arrangements, as referred to in section 96 |
| 31(ba),31(bb), 31(bc),31(bd) (new) | Reporting details of each cash receipt or payment in excess of the limit specified u/s 269ST |
| 34b. (amended) | Reporting details of transactions not disclosed in TDS/ TCS Returns |
| 36A. (new) | Reporting details of any dividend receipts u/s 2(22)(e) |
| 42. (new) | Reporting details of transactions not disclosed/ specified in Form No. 61/ 61A/ 61B |
| 43. (new) | Reporting whether assessee or its parent entity or alternate reporting entity is liable to furnish the report (CbCR) u/s 286(2) |
| 44. (new) | Reporting Break-up of total expenditure into expenditure with registered or not registered entities under the GST |