Deepak Gupta | Apr 17, 2017 |
Revised Form No. 3CD Tax Audit Report for A.Y 2017-18
Download Form 3CA 3CB 3CD In pdf and Java Format for AY 2017-18 applicable from 1st April 2017. On Social Media a Revised Format of Form 3D is circulating which is applicable from 01.04.2017 and users raised the query that when the same was released as there is no recent notification on the same.
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We would like to inform you that the from 3CD as applicable from 01.04.2017 is not been released now. Its been released by CBDT vide Notification No 88/2016, Income Tax , dated 29th September, 2016 and vide this notification following additional disclosures were required to be made in respect of Income Tax Computation Disclosure Standards (ICDS)
In clause 13 of D Report, for sub-clause (d), the following shall be substituted ,namely,
(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)
(e) If answer to (d) above is in the affirmative, give details of such adjustments:
(f) Disclosure as per ICDS:
B. Changes in new clause 31 of Form 3CDClause 31 of Form 3CD has been substituted to include within its fold, reporting requirements taking into consideration the amendments effected in section 269SS and 269T, including within its scope payments relating to immovable property transactions. Further, the scope of reporting in relation to section 269T, relating to repayment of loan or deposit or specified advance, has been increased to also require reporting by the recipient of such loan or deposit or specified advance which has been repaid. So far, such reporting was required only by the payer.
The last column of the following table explains the changes in new clause 31. Further the additions in New Clause 31 in column 2 have been marked in bold italics.
| 1 | 2 | 3 | ||
| Erstwhile Clause 31 | New Clause 31 | Changes in New Clause 31 | ||
| Reporting Requirement | Reporting Requirement | |||
| (a) | Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year | (a) | Particulars of each loan or deposit in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year | Sub-clause (a) of new clause 31 requires reporting on whether such loan or deposit is taken by cheque, bank draft or ECS. Thereafter, if the same is by cheque or bank draft, whether the same was taken or accepted by way of account payee cheque/bank draft has to be reported. Corresponding sub-clause (a) of erstwhile clause 31 directly required reporting of whether loan or deposit was taken or accepted otherwise than by account payee cheque or bank draft. |
| (b) | Particulars of each specified sum in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year | New reporting requirement: Consequent to substitution of section 269SS by the Finance Act 2015 including within its scope specified sum receivable in relation to transfer of an immovable property, sub-clause (b) of new clause 31 requires reporting of particulars of each specified sum in an amount exceeding the limit specified in section 269SS taken or accepted during the previous year. | ||
| (b) | Particulars of each repayment of loan or deposit in an amount exceeding the limit specified in section 269T made during the previous year | (c) | Particulars of each repayment of loan or deposit or specified advance in an amount exceeding the limit specified in section 269T made during the previous year | Sub-clause (c) of new clause 31 contains reporting requirement akin to sub-clause (b) of erstwhile clause 31. Sub-clause (c) of new clause 31 requires reporting on whether repayment is made by cheque, bank draft or ECS. Thereafter, if the same is by cheque or bank draft, then, whether the same is by way of account payee cheque/account payee bank draft has to be reported. Corresponding sub-clause (b) of erstwhile clause 31 directly required reporting of whether repayment was made otherwise than by account payee cheque or bank draft. |
| (c) | Whether the taking or accepting loan or deposit or repayment of the same were made by account payee cheque or account payee bank draft based on the examination of books of account and other relevant documents | – | There is no separate sub-clause in new clause 31 in line with sub-clause (c) of erstwhile clause 31. | |
| (d) | Particulars of repayment of loan or deposit or specified advance in an amount exceeding the limit specified in section 269T received otherwise than by a cheque or bank draft or use of ECS through a bank account during the previous year. (i) name, address and Permanent Account Number (if available with the assessee) of the payer; (ii) amount of loan or deposit or any specified advance received otherwise than by a cheque or bank draft or use of electronic clearing system through a bank account during the previous year. | New reporting requirement The reporting requirement in respect of section 269T was earlier required only in case of the person making the repayment of loan or deposit or any specified advance. Under the new clause 31, reporting is also to be done by the recipient. The recipient has to furnish the name, address and PAN (if available with him) of the payer and the amount of loan or deposit or any specified advance received – (1) under sub-clause (d), in case the repayment is received otherwise than by a cheque or bank draft or ECS (2) under sub-clause (e), in case repayment is received by a cheque or bank draft, which is not an account payee cheque or account payee bank draft | ||
| (e) | Particulars of repayment of loan or deposit or specified advance in an amount exceeding the limit specified in section 269T received by a cheque or bank draft which is not an account payee cheque or bank draft during the previous year. (i) name, address and Permanent Account Number (if available with the assessee) of the payer; (ii) amount of loan or deposit or any specified advance received by a cheque or a bank draft which is not an account payee cheque or account payee bank draft during the previous year. | |||
Forms (3CA-3CD, 3CB-3CD, 3CEB ) Utility Downloads:
| Form 3CA-3CD | Audit report under section 44AB of the Income-tax Act,1961 in a case where the accounts of the business or profession of a person have been audited under any other law | Download |
| Form 3CB-3CD | 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 | Download |
| Form 3CEB | Report from an accountant to be furnished under section 92E relating to international transaction(s) | Download |
Forms Utility other Downloads
| Name | Description | Utility |
| Form 1 (Equalisation levy) | Statement of Specified Services [Equalization levy Rules, 2016] | Download |
| Form V (PMGK) | Form for reporting under Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 | Download |
| Form 15CA | Information to be furnished for payments to a non-resident not being a company, or to a foreign company | Download |
| Form 29B | Report under Section 115JB of the Income-tax Act, 1961 for computing the book profits of the company | Download |
| Form 6B | Audit report under section 142(2A) of the Income-tax Act, 1961 | Download |
| Form 10B | Audit report under section 12A(b) of the Income-tax Act, 1961, in the case of charitable or religious trusts or institutions | Download |
| Form 10BB | Audit report under section 10(23C) of the Income-tax Act, 1961, in the case of any fund or trust or institution or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub- clause (v) or sub-clause (vi) or sub-clause (via) of section 10(23C). | Download |
| Form 64 | Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be furnished under section 115U of the Income-tax Act, 1961. | Download |
| Form 64A | Statement of income distributed by a Business Trust to be furnished under section 115UA of the Income-tax Act, 1961. | Download |
| Form 64D | Statement of income paid or credited by investment fund to be furnished under section 115UB of the Income-tax Act, 1961. | Download |
| Form 15CB | Certificate of an accountant as per rule 37BB | Download |
| Form 15CC | Quarterly statement as per rule 37BB | Download |
| Form 15G (Consolidated) | Statement of Declaration under section 197A (1) and section 197A (1A) by an individual or a person (not being a company or firm) claiming certain incomes without deduction of tax. | Download |
| Form 15H (Consolidated) | Statement of Declaration under section 197A(1C) by an individual who is of the age of sixty years or more claiming certain incomes without deduction of tax. | Download |
| Form 61 | Statement containing particulars of declaration received in Form No. 60 | Download |
| Form 61A | Statement of Specified Financial Transactions under section 285BA(1) of the Income-tax Act, 1961 | Download |
| Form 61B | Statement of Reportable Account under sub-section (1) section 285BA of the Income-tax Act, 1961 | Download |
| Form 61A (To be used only by Sub Registrar Offices) | Statement of Specified Financial Transactions under section 285BA(1) of the Income-tax Act, 1961 | Download |
| Form BB (AY 2014-15) | Return of Net Wealth | Download |
| Form BB (AY 2015-16) | Return of Net Wealth | Download |
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