The Central Board of Direct Taxes (CBDT) has notified the following changes in the Form 3CD and inserted a sub rule which are as follows:-
a. For the purpose of revising the Tax Audit Report, the same may be revised before the end of the relevant assessment year, if there is payment by such person after furnishing of report under sub rule (1) and (2) which necessitates recalculation of disallowance under section 40 or section 43B.
b. The Clause 8A shall be substituted and shall be read as under
“Whether the assessee has opted for taxation under section 115BA / 115BAA / 115BAB / 115BAC / 115BAD?
c. The clause 17 shall be substituted and shall be read as under:
Where any land or building or both is transferred during the previous year for a consideration less than value
adopted or assessed or assessable by any authority of a State Government referred to in section 43CAor 50C,
| Details of property | Consideration received or accrued | Value adopted or assessed or assessable | Whether provisions of second proviso to subsection (1) of section 43CA or fourth proviso to clause (x) of sub-section (2) of section 56 applicable? [Yes/No] |
d. The sub clauses (ca) and (cb) for clause 18 shall be substituted and shall be read as under
(ca) Adjustment made to the written down value under section 115BAC/115BAD (for assessment year 2021-2022 only)……
(cb) Adjustment made to written down value of Intangible asset due to excluding value of goodwill of a business or profession…..
e. The sub clause (a) in clause 32 shall be substituted and shall be read as under:-
(a) Details of brought forward loss or depreciation allowance, in the following manner, to the extent available
| Serial Number | Assessment Year | Nature of loss/ allowance (in rupees) | Amount as returned* (in rupees) | All losses/allowances not allowed under section 115BAA/ 115BAC/115BAD | Amount as adjusted by withdrawal of additional depreciation on account of opting for taxation under section 115BAC/115BAD^ | Amounts as assessed (give reference to relevant order) | Remarks |
f. The Clause 36 of the Form shall be omitted.
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