Order under section 119 of the Income-tax Act, 1961 regarding reporting requirement under clause 30C and clause 44 of the Form 3CD 


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The Central Board of Direct Taxes (CBDT) has issued an order under Section 119 of the Income-tax Act, 1961, deferring the reporting requirements under Clause 30C and Clause 44 of Form 3CD. This decision, prompted by difficulties arising from the COVID-19 pandemic, extends the suspension of these reporting clauses until March 31, 2021. Previously, these requirements were extended to March 31, 2020.

Income Tax Circular No. 10/2020 F.No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division **** New Delhi, dated 24thApril, 2020 Order under section 119 of the Income-tax Act, 1961 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.
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FAQ :

This notification defers the reporting requirements under Clause 30C and Clause 44 of Form 3CD until March 31, 2021.

The reporting requirements under Clause 30C and Clause 44 of Form 3CD are affected.

The reporting has been deferred due to difficulties in implementation caused by the global COVID-19 pandemic.

The reporting requirements were previously extended to March 31, 2020.

The reporting under these clauses has been kept in abeyance until March 31, 2021.

 

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