Summary of Amendments in 3CD FORM for AY 2018-19

_*6 Amendments + 9 Insertions = Total 15 Changes*_

*Summary of Amendments:*

1. *sl 4* - GSTIN to be mentioned.

2. *sl 19* - Allowance under Section 32AD is to be reported.

3. *sl 24* - Deemed gains under Section 32AD to be reported.

4. *sl 26* - Clause (g) of Section 43B (sum payable to Indian Railways for use of assets) is to be reported.

5. *sl 31* - *scope widened. Cash receipts more than INR 2,00,000 under Section 269ST is to be reported now.*

6. *sl 34* - *Details with respect to transactions not disclosed in TDS Return/ TCS Return is to be mentioned.*

*Summary of Insertions:*

1. *sl 29A* - *Advance received on capital asset forfeited to be reported here {Section 56(2)(ix)}.*

2. *sl 29B* - Income of gifts exceeding INR 50,000 to be reported here {Section 56(2)(x)}.

3. *sl 30A* - Details about "Primary Adjustments" in transfer pricing to be reported here as per Section 92CE.

4. *sl 30B* - Limitation of Interest deductions for borrowings from a AE upto 30% of EBITDA is to be furnished here.

5. *sl 30C* - Details of Impermissible Avoidance Agreement to be furnished as referred to in Section 96.

6. *sl 36A* - *Dividend received under Section 2(22)(e) is required to be reported here.*

7. *sl 42* - Details w.r.t. Form 61 (details of no PAN Form 60 received), Form 61A (SFT) and Form 61B (SRA) is to be provided here.

8. *sl 43* - *Details w.r.t. CbC Reporting as referred to in sub section 2 of Section 286 is required to be reported.*

9. *sl 44* - *BREAK UP of total expenditure in respect of GST Registered and Unregistered Entities is required to be given.*

*Notification 33/2018 dated 20.07.2018 (effective from 20.08.2018).*

Advise to Complete Tax Audit before 20th Aug 18