Major Changes in New Form 3CD (Tax Audit) | Revised Form 3CD FY 17-18 | AY 18-19

Major Changes in revised form 3CD for FY 17-18 | AY 18-19 : Some of the major changes in revised form 3CD are given below for reference. Cha

Pratibha Goyal

Jan 30, 2016

Last update on Jan 30, 2016

Major Changes in revised form 3CD for FY 17-18 | AY 18-19 : Some of the major changes in revised form 3CD are given below for reference.

Changes in New Form 3CD (Tax Audit) | Revised Form 3CD FY 17-18 | AY 18-19

Taxpayer to give GSTN number along with details of other indirect Tax registrations like Sales Tax, Service Tax etc.
The New form 3CD seeks for information of Gifts that are chargeable to tax as per clause (x) of sub-section (2) of section 56 of Income Tax Act 1961.
The revised form 3CD seeks for particulars of payment in amount exceeding limit specified in Section 269ST of Income Tax Act 1961.
Assessee is required to provide details of expenditure in form 3CD whereby they need to provide Expenditure in respect of entities registered under GST & entities not registered under GST.
The new form 3CD will incorporate further reporting requirement related to Transfer pricing as per Section 92 CE and 94 B of Income Tax Act inserted vide Finance Act 2017
Further the assessee is required to inform that whether he is required to furnish Statement of Financial Transactions i.e. Form No.61 or Form No. 61A or Form No. 61B as per Income Tax Act.
Also the assessee is now required to inform if he has received any deemed dividend as per sub-clause (e) of clause (22) of section 2 of Income Tax Act 1961
The form has further added a reporting requirement of Investment in new plant or machinery in notified backward areas in certain States as per Section 32AD of Income Tax Act 1961

The Central Board of Direct Taxes (CBDT) has revised the Form no. 3CD vide notification number G.S.R. 666(E) dated 20th July 2017, and expanded the scope of reporting/ verification requirements relating to GST, SFT, Cash Transactions, Transfer Pricing, etc., Revised Form 3CD will be applicable w.e.f. 20 Aug. 2018, for FY 2017-18/ AY 2018-19.

Later on CBDT has decided that reporting under the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31^st March, 2019. Therefore, for Tax Audit Reports to be furnished on or after 20^th August, 2018 but before 1^st April, 2019, the tax auditors will not be required to furnish details called for under the said clause 30C and clause 44 of the Tax Audit Report. (Click Here to Read Circular)

Download Revised Form 3CA 3CB and 3CD For FY 2017-18/ AY 2018-19 in Pdf/Word

Form Name	Description	Download PDF	Download Word
Form No. : 3CA	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 3CA in PDF	Download Form 3CA in WORD
Form No. : 3CB	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 3CB in PDF	Download Form 3CB in WORD
Form No. : 3CD	Statement of particulars required to be furnished under section 44AB of the Income tax Act, 1961	Download Form 3CD in PDF	Download Form 3CD in WORD

Download Revised Form 3CD for FY 2017-18/ AY 2018-19 in Offline Java Utility

Name	Description	Utility
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-taxAct,1961, in the case of a person referred to in clause (b) of sub-rule (1) of rule 6G	Download