Clarification in respect of CBDT Notification No. 33 of 2018 amending Form No. 3CD Clarification in respect of CBDT Notification No. 33 of 2018 amending Form No. 3CD Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

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Clarification in respect of CBDT Notification No. 33 of 2018 amending Form No. 3CD

August, 17th 2018
Circular No. 6/2018 F. No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division **** New Delhi, Dated the 17th of August, 2018 Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 (`the Act') read with rule 6G of the Income-tax Rules, 1962 (`the Rules') requires prescribed persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July, 2018 with effect from 20th August, 2018. Representations have been received by the Board that the implementation of reporting requirements under the proposed clause 30C (pertaining to General Anti-Avoidance Rules (GAAR)) and proposed clause 44 (pertaining to Goods and Services Tax (GST) compliance) of the Form No. 3CD may be deferred. The matter has been examined and it has been decided by the Board that reporting under the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2019. Therefore, for Tax Audit Reports to be furnished on or after 20th August, 2018 but before 1st 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. (Sanyam Suresh Joshi) DCIT (OSD) (TPL)-III Copy to: 1. PS to FM/OSD to FM/PS to MoS(F)/OSD to MoS(F) 2. PS to Secretary (Revenue) 3. Chairman, CBDT 4. All Members, CBDT 5. All Pr. DGsIT/Pr. CCsIT 6. All Joint Secretaries/CsIT, CBDT 7. Directors/Deputy Secretaries/Under Secretaries of CBDT 8. DIT (RSP&PR)/Systems, New Delhi 9. The C&AG of India (30 copies) 10. The JS & Legal Adviser, Ministry of Law & Justice, New Delhi 11. The Institute of Chartered Accountants of India 12. All Chambers of Commerce 13. CIT (M&TP), Official Spokesperson of CBDT 14. O/o Pr. DGIT (Systems) for uploading on official website 15. JCIT (Database Cell) for uploading on departmental website