CBDT has issued notification no. 36/2009 dated 13-4-2009 [Income-tax (Tenth Amendment) Rules, 2009] to amend form 3CD (Statement of particulars required to be furnished under Section 44AB of the Income Tax Act, 1961).

Accordingly a new entry no. 17A has been inserted as:

"17A. Amount of interest inadmissible under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006."

Click here to download amended form 3CD in word format

Interest inadmissible under MSMED Act: now required to be reported in tax audit form as a new entry. The Income-tax (Tenth Amendment) Rules, 2009 add entry 17A to Form 3CD requiring assessees to disclose the amount of interest inadmissible under the Micro, Small and Medium Enterprises Development Act, 2006, creating an express audit reporting obligation in the particulars furnished under the tax audit statement.