CBDT defer third time the reporting requirement of clause 30 C pertaining to General Anti-Avoidance Rules (GAAR) and clause 44 pertaining to goods and service tax compliances (GST) in the Tax audit report (Form 3CD) till 31 st March 2021

Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July 2018 with effect from 20th August 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit. The report was kept in abeyance till 31st March 2019 vide Circular No. 6/2018 dated 17^th August 2018, which was subsequently extended to 31^st March 2020 vide Circular No. 9/2019.

CBDT has taken further steps this time to ease compliance for taxpayers due to COVID-19 pandemic and decided that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March 2021 vide order under section 119 of the Income Tax Act, 1961 in Circular No. 10/2020 dated 24^th April 2020.

Tag: CBDT