Major Changes in revised form 3CD for FY 17-18 | AY 18-19

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CA Deepak Gupta

Jul 23, 2018

Last update on Jul 23, 2018

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.

Major Changes in revised form 3CD for 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 perclause (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 269STof Income Tax Act 1961.
Assessee is required to provide details of expenditure in form 3CD whereby they need to provideExpenditure in respect of entities registered under GST &entities not registered under GST.

5. 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 6. 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. 7. Also the assessee is now required to inform if hehas received any deemed dividend as persub-clause (e) of clause (22) of section 2 of Income Tax Act 1961 8. The form has further added a reporting requirement of Investment in new plant or machinery in notified backward areas in certain States as perSection 32AD of Income Tax Act 1961

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 3CA 3CB AND 3CD FOR FY 2017-18/ AY 2018-19 IN JAVA UTILITY

Name	Description	Utility
Form 1 (Equalisation levy)	Statement of Specified Services [Equalization levy Rules, 2016]	Download
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
Form 3CEAA	Report to be furnished under sub-section (4) of section 92D of the Income-tax Act, 1961	Download
Form 3CEAD	Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of sub-section (2) or sub-section (4) of section 286 of the Income-tax Act, 1961	Download
Form 3CEB	Report from an accountant to be furnished under section92E relating to international transaction(s)	Download

Above Form 3CD has been revised recently on 21 July 2018, which isapplicable w.e.f. 20 Aug. 2018

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.