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Amendment of Tax Audit Report Form 3CD || Inserted New Serial Number in Tax Audit Report Form 3CD|| CBDT Notification-33-2018 ||Changes in form 3CD for AY 2018-19

[highlight txtcolor=”#1e73be”][/highlight]Amendment and  Inserted New Serial Number  in  Tax Audit Report Form 3CD

[highlight txtcolor=”#1e73be”][/highlight]Amendment and  Inserted New Serial Number  in  Tax Audit Report Form 3CD

CBDT issues Notification on amendment of Tax Audit Report.Notification-33-2018 shall come into force from the 20th day of August, 2018. In the Income-tax Rules, 1962, in Appendix II, in Form No. 3CD,-

  1. Amendment in serial number 4,-

         (a) after the words “sales tax,”, the words “goods and services tax,” shall be inserted;

       (b) after the words “registration number or”, the words “GST number or” shall be inserted;

      2. Amendment in serial number 19, in the table, after the row with entry “32AC”, the           row  with  entry “32AD” shall be inserted;

  1. Amendment in serial number 24, after the words “32AC or”, the words “32AD or” shall be inserted;
  2. Amendment in serial number 26, for the words “or (f)”, the words “, (f) or (g)” shall be substituted;
  3. Amendment in serial number 31 (C) to 31 (E) 

in serial number 31 (c), in sub-item (v), for the words “taken or accepted”, the word “repaid” shall be substituted;
  in serial number 31 (d), in sub-item (ii), after the words “amount of”, the words “repayment of” shall be inserted;
in serial number 31 (e), in sub-item (ii), after the words, “amount of”, the words “repayment of” shall be inserted;
  1. Amendment in serial number 34 (b)

whether the assessee is required to furnish the statement of tax deducted or tax collected. If yes, please furnish the details:

Tax deduction and collection Account Number (TAN) Form Type of Form Due date for furnishing Date of furnishing, if furnished Whether the statement of tax deducted or collected  contains  information  about  all details/transactions which are  required to be  reported.  If  not,  please  furnish  list  of details/transactions      which      are      not reported.”;

Inserted New Serial Number in Form 3CD

  1. Inserted serial number 29 A [section 56(2)(ix)]

          after serial number 29 and the entries relating thereto, the following shall be inserted, namely:-

         (a  )Whether any amount is to be included as income chargeable under the head ‘income from other sources’ as referred   to in [highlight txtcolor=”#1e73be”]clause (ix) of sub-section (2) of section 56? (Yes/No)[/highlight]

         (b) If yes, please furnish the following details: (i) Nature of income: (ii) Amount thereof:

  1. Inserted serial number 29 B [section 56(2)(X)]

         (a)  Whether  any amount  is  to  be included as  income  chargeable  under  the  head  ‘income  from  other sources’ as referred to [highlight txtcolor=”#1e73be”]in clause (x) of sub-section  (2) of section 56[/highlight]? (Yes/No)

        (b) If yes, please furnish the following details:

              (i) Nature of income:

             (ii) Amount (in Rs.) thereof:”;

         (vi) after serial number 30 and the entries relating thereto, the following shall be inserted, namely:-

  1. Inserted serial number 30 A [(section 92CE(1)]

          (a) Whether primary adjustment to transfer price, as referred to in [highlight txtcolor=”#1e73be”]sub-section (1) of section 92CE,[/highlight] has been made during the previous year? (Yes/No)

           (b) If yes, please furnish the following details:-

                 (i).  Under which clause of sub-section (1) of section 92CE primary adjustment is made?

                   (ii).  Amount (in Rs.) of primary adjustment:

                  (iii).  Whether the excess money available with the associated enterprise is required to be repatriated to India as per the provisions of sub-section (2) of  section 92CE?  (Yes/No)

                  (iv).  If yes, whether the excess money has been repatriated within the prescribed time (Yes/No)

                (v).   If  no,  the  amount  (in  Rs.)  of  imputed  interest  income  on  such  excess  money  which  has  not  been repatriated within the prescribed time: 

  1. Inserted serial number 30 B  [ Section 94(1)]

         (a)  Whether  the  assesses has  incurred expenditure  during  the  previous  year  by way of  interest  or  of similar nature exceeding 1  crore (one) rupees as  referred to in[highlight txtcolor=”#1e73be”] sub-section (1) of section 94[/highlight]B? (Yes/No)

         (b) If yes, please furnish the following details:-

               (i).   Amount (in Rs.) of expenditure by way of interest or of similar nature incurred:

             (ii).   Earnings before interest, tax, depreciation and amortization (EBITDA) during the previous year (in Rs.):

            (iii).  Amount (in Rs.) of expenditure by way of interest or of similar nature as per (i) above which exceeds 30% of EBITDA as per (ii) above:

               (iv).  Details of interest expenditure brought forward as per sub-section (4):of section94B

               (v).    Details of interest expenditure carried forward as per sub-section (4) of section 94B.

A.Y. Amount (in Rs.)
  1. Inserted Serial number 30 C (Section  96)

(a) Whether the assesses has entered  into an impermissible avoidance arrangement, as [highlight txtcolor=”#1e73be”]referred to in section  96,[/highlight] during the previous year? (Yes/No)

         (b) If yes, please specify: –

              (i) Nature of the impermissible avoidance arrangement:

             (ii)  Amount  (in  Rs.)  of  tax  benefit  in  the  previous  year  arising,  in  aggregate,  to  all  the  parties  to  the arrangement:”;

  1. Inserted Serial number 31 (ba) (bb) (bc) (bd) (Section 269ST)

 (A) after clause (b), the following clauses and entries relating thereto shall be inserted, namely:-

“(ba) Particulars of each receipt in an [highlight txtcolor=”#1e73be”]amount exceeding the limit specified in section 269ST[/highlight], in aggregate from a person  in  a  day  or  in  respect  of  a  single  transaction  or  in  respect  of  transactions  relating  to  one  event  or occasion from a person, during the previous year, where such receipt is otherwise than  by a cheque or bank draft or use of electronic clearing system through a bank account:-

               (i).  Name, address and Permanent Account Number (if available with the assesses) of the payer;

               (ii). Nature of transaction;

              (iii). Amount of receipt (in Rs.); (iv) Date of receipt;

(bb) Particulars of each receipt in an amount exceeding the limit specified in section 269ST, in aggregate from a person  in  a  day  or  in  respect  of  a  single transaction  or  in  respect  of  transactions  relating  to  one  event  or occasion from a person, received by a cheque or bank draft, not being an account payee  cheque or an account payee bank draft, during the previous year:—

            (i).  Name, address and Permanent Account Number (if available with the assessee) of the payer;

           (ii).  Amount of receipt (in Rs.);

  (bc) Particulars of each payment made in an amount exceeding the limit specified in section 269ST, in aggregate to a person in a  day or in respect  of  a single  transaction  or  in respect  of transactions relating to one event  or occasion to a person, otherwise than by a cheque or bank draft or use of electronic  clearing system through a bank account during the previous year:-

            (i).  Name, address and Permanent Account Number (if available with the assessee) of the payee;

           (ii).  Nature of transaction;

          (iii).  Amount of payment (in );

           (iv).  Date of payment;

(bd) Particulars  of each payment in an amount exceeding  the limit specified in section  269ST, in aggregate to a person  in  a  day  or  in  respect  of  a  single   transaction  or  in  respect  of  transactions  relating  to  one  event  or occasion to a person, made by a cheque or bank draft, not being an account payee   cheque  or an account payee bank draft, during the previous year:—

            (i). Name, address and Permanent Account Number (if available with the assessee) of the payee;

          (ii).  Amount of payment (in ); (Particulars  at  (ba),  (bb),  (bc)  and  (bd)  need  not  be  given  in  the  case  of  receipt  by  or  payment  to  a Government  company, a banking Company, a post office savings bank, a cooperative bank or in the case of transactions  referred  to  in  section  269SS  or  in  the  case  of   persons  referred  to  in  Notification  No.  S.O. 2065(E) dated 3rd  July, 2017)”;

  1. Inserted Serial number 36 (A ) [(Section 2 (22)(e)]

  after serial number 36 and the entries relating thereto, the following shall be inserted, namely:-

         (a)  Whether  the  assessee has  received any amount in the  nature  of  dividend as   referred to in  [highlight txtcolor=”#1e73be”]sub-clause (e)  of clause (22) of section 2[/highlight]? (Yes/No)

          (b) If yes, please furnish the following details:-

                (i). Amount received (in Rs.):

               (ii).  Date of receipt:”;

  1. Inserted Serial number 42 (Form  No.61,61a, or 61b)

 after serial number 41 and the entries relating thereto, the following shall be inserted, namely:-

        (a).   Whether  the  assessee  is  required  to  furnish  statement  in  [highlight txtcolor=”#1e73be”]Form  No.61  or  Form  No.  61A  or  Form  No.  61B?[/highlight] (Yes/No)

        (b).   If yes, please furnish:

Income-tax Department Reporting   Entity Identification Number

 

Type of Form Due      date      for

furnishing

Date            of furnishing,         if furnished Whether   the   Form   contains information  about  all  details/ transactions        which        are required to be reported. If not, please    furnish    list    of    the details/transactions  which  are not reported.
  1. Inserted Serial number 43 ( Section 286 (2)

          (a).  Whether the assessee or its parent entity or alternate reporting entity is liable to furnish the report as referred to in [highlight txtcolor=”#1e73be”]sub-section (2) of section 286[/highlight]  (Yes/No)

             (b).  if yes, please furnish the following details:

               (i).  Whether report has been furnished by the assessee or its parent entity or an alternate reporting entity

                (ii).   Name of parent entity

                (iii).  Name of alternate reporting entity (if applicable) (iv) Date of furnishing of report

  1. Inserted Serial number 44

   Break-up of total expenditure of entities registered or not registered under the GST:

Sl. No.

 

Total amount  of Expenditure incurred   during the year Expenditure in respect of entities registered under GST Expenditure   relating to       entities        not registered under GST
Relating  to goods     or services exempt

from GST

Relating to entities       falling under composition scheme Relating to other registered entities Total  payment to     registered entities
(1) (2) (3) (4) (5) (6) (7)

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क्या 3 वर्ष से ज्यादा अवधि से बकाया चल रहे, क्रेडिटर्स (Creditors) के बैलेंस को आयकर अधिकारी द्वारा करदाता की आय में जोड़ा जा सकता है ?

तलाशी के दौरान कितने आभूषण और गहनों को जब्त नहीं किया जा सकता है

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