Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Income-tax Rules Amended: Form 3CD Gets Major Overhaul with New Reporting Requirements Under Section 44AB

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The CBDT has issued the Income-tax (Eighth Amendment) Rules, 2025, effective April 1, 2025, significantly modifying Form 3CD used for tax audit reports under Section 44AB. Key amendments include: insertion of Section 44BBC references; removal of obsolete deduction rows; addition of reporting requirements for settlement expenditures related to contraventions; comprehensive restructuring of MSME payment reporting requirements; modifications to Section 43B reporting; elimination of clauses 28 and 29; introduction of coded classifications for loan/deposit transactions with a detailed 12-category coding system; and new disclosure requirements for share buyback transactions, including amounts received and acquisition costs of shares bought back.....