TaxTMI 
TaxTMI 
Income-tax (Eighth Amendment) Rules, 2025 - Tax Audit Report - Amends 3CD Statement of particulars required to be furnished under Section 44AB
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.... the powers conferred by section 44AB and section 295 of the Income-tax Act (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely :- 1. Short title and commencement.- (1) These rules may be called the Income-tax (Eighth Amendment) Rules, 2025. (2) They shall come into force on the 1st day of April, 2025. 2. In t....
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....and Medium Enterprises Development Act, 2006 (MSMED Act); or (ii) Total amount required to be paid to to a micro or small enterprise, as referred to in section 15 of the MSMED Act, during the previous year; (iii) Of amount referred to in (ii) above, amount - (a) paid up to time given under section 15 of the MSMED Act; (b) not paid up to time given under section 15 of the MSMED Act and inadmi....
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....se (c), for item (ii), the following item shall be substituted, namely :- "(ii) Amount of each repayment of loan or deposit or any specified advance and code of the nature of such amount, as given in Note 1; [Dropdown to be provided]"; (i) after clause (31), the following Note shall be inserted, namely:-- "Note 1. - The code for the nature of amount/ receipt/ repayment is as b....