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

Last updated: 30 April 2020

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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
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New Delhi, dated 24^th April, 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. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20^th July, 2018 with effect from 20^th August, 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till 31st March, 2019 vide Circular No. 6/2018 dated 17.08.2018, which was subsequently extended to 31.03.2020 vide Circular No. 9/2019.

Several representations were received by the Board with regards to difficulty in implementation of reporting requirements under clause 30C and clause 44 of the Form No. 3CD of the Income-tax Rules, 1962 in view of the Global Pandemic due to COVID-19 virus and requested for deferring the applicability of the above provisions.

The matter has been examined and in view of the prevailing situation due to COVID-19 pandemic across the country, it has been decided by the Board that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2021.

(Ankit Jain)

Dy. Commissioner of Income Tax (OSD)

TPL Division

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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Notification No : Income Tax Circular No. 10/2020
Published in Income Tax
Source : https://www.incometaxindia.gov.in/communications/circular/circular_no_10_2020.pdf

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