Central Board of Direct Taxes (CBDT) has issued Notification No. 33/2018 dated 20th July, 2018 to amend tax audit report in Form No. 3CD as contained in Appendix II in the Income Tax Rules,1962.

Major reporting amendments made in the Form 3CD are highlighted below:

1. The GST Number to be mentioned
2. Allowances under section 32AD to be reported
3. Reporting of amount chargeable under section 56(2) (ix) and 56(2) (x) as Income from Other Sources
4. Reporting details of primary adjustments to transfer pricing under section 92 CE(1)
5. Reporting details of interest expenditure incurred during the previous year exceeding rupees one crore as referred under section 94B(1)
6. Reporting the details of each cash receipts or payments in excess of the limit specified under section 269ST
7. Reporting the details of the transactions not disclosed in TDS/TCS returns
8. Details relating to country-by-country reporting as referred under section 286 is required to be reported
9. Reporting the break-up of total expenditure of entities registered or not registered under the GST

The amended Form 3CD shall come into force from 20th day of August , 2018.

For further details please refer the attached Notification.

Source: Central Board of Direct Taxes

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