Highlights of changes in Form 3CD for AY 2018-19


“Tax Audit Season” is on head and this tax audit season CBDT has made few important changes in tax audit report i.e. Form 3CD.  Everybody should take proper care that tax audit is completed keeping in mind the changes.

Here are the following additional clauses and the clause in which changes have been made in form 3CD:

  • Amendment in Clause 4 of Form 3CD

There is additional requirement to quote GST number in clause 4.

  • Insertion of Clause 29A and 29B of Form 3CD

Clause 29A is added to report Income from other sources as mentioned in section 56(2)(ix) of Income Tax Act 1961.

Clause 29B is added in form 3CD to report all the gifts chargeable to tax under head Income from other sources as mentioned in section 56(2)(x) of Income Tax Act 1961.

  • Insertion of Clause 30A and 30B and 30Cof Form 3CD

All these clauses are related to transfer pricing

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

  • Insertion of Clause 31(ba) to 31(bd)

This clause has been inserted after clause 31(b) to report receipts as specified in section 269ST

  • Insertion of Clause 42

In this clause 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.

  • Insertion of Clause 44

In this clause assessee is required to provide details of expenditure incurred during the year and the bifurcation of expenditure in respect of entities registered under GST and not registered under GST



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 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.


For detail refer article


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