CBDT vide circular 10 of 2020 has kept clause number 30C and 44 of Tax audit report in abeyance till 31.03.2021.
The decision came after taking into consideration the recent situation of COVID – 19 pandemic across the country.
In the circular CBDT has stated that:
“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 Report was kept in abeyance till 31 st 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 yiew of the Global Pandemic due to COVID-19 virus and requested for deferring the applicability of the above provisions.”
Clause 30C relates to: Whether the assessee has entered into an impermissible avoidance arrangement, as referred to in section 96, during the previous year?
Clause 44 relates to: Break-up of total expenditure of entities registered or not registered under the GST.
To read the circular CLICK HERE.
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