New Changes in Tax Audit Report Form 3CD from 1st April 2025

MINISTRY OF FINANCE

(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 28th March, 2025
INCOME-TAX

G.S.R. 207(E).––In exercise of the powers conferred by section 44AB and section 295 of the Income-tax Act (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. Short title and commencement.– (1) These rules may be called the Income-tax (Eighth Amendment) Rules, 2025.

(2) They shall come into force on the 1 st day of April, 2025.

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(a) in clause (12), after the figures and letters “44BBB,”, the figures and letters “44BBC” shall be inserted;

(b) in clause (19), the rows labelled as “32AC”, “32AD”, “35AC” and “35CCB” shall be omitted;

(c) in the table, in clause (21), in sub-clause (a), after the row starting with the words “Expenditure incurred to provide any benefit or perquisite”, a row with the words “Expenditure incurred to settle proceedings initiated in relation to contravention under such law as notified by the Central Government in the Official Gazette in this behalf” shall be inserted;

(d) for clause (22), the following clause shall be substituted “

"22.   (i) Amount of interest inadmissible under section 23 of the
       Micro, Small and Medium Enterprises Development Act, 2006
       (MSMED Act); or

       (ii) Total amount required to be paid to to a micro or small
       enterprise, as referred to in section 15 of the MSMED Act,
       during the previous year;

       (iii) Of amount referred to in (ii) above, amount -

       (a) paid up to time given under section 15 of the MSMED
       Act;

       (b) not paid up to time given under section 15 of the
       MSMED Act and inadmissible for the previous year.";

(e) in clause (26), –

(i) the words, brackets and letters “clause (a), (b), (c), (d), (e), (f) or (g) of shall be omitted;

(ii) in sub-clause (A), for the word “allowed”, the word “allowable” shall be substituted;

(iii) in sub-clause (B), for the words “and was”, the words, brackets, letters and figures, “and (for clauses other than clause (h) of section 43B) was,” shall be substituted;

(f) clauses (28) and (29) shall be omitted;

(g) in clause (31), in sub-clauses (a) and (b), for item (ii), the following item shall be substituted, namely :-

"(ii)   Amount of each loan or deposit taken or accepted and
        code of the nature of such amount, as given in Note 1;
        [Dropdown to be provided]";

(h) in clause (31), in sub-clause (c), for item (ii), the following item shall be substituted, namely :-

"(ii)   Amount of each repayment of loan or deposit or any
        specified advance and code of the nature of such
        amount, as given in Note 1;  [Dropdown to be
        provided]";

(i) after clause (31), the following Note shall be inserted, namely:-

“Note 1. The code for the nature of amount/receipt/ repayment is as below –

Okay, here’s the table from the document you uploaded (262076 notificaiton 28.03.2025.pdf), as it appears on page 4 and 5:

S. No	Nature of amount or receipt or repayment	Code
(1)	(2)	(3)
1.	Cash payment	A
2.	Cash receipt	B
3.	Payment through non account payee cheque	C
4.	Receipt through non account payee cheque	D
5.	Transfer of asset	E
6.	Transfer of liability	F
7.	Conversion of assets	G
8.	Conversion of liabilities	H
9.	Journal entry [Debit]	I
10.	Journal entry [Credit]	J
11.	Any other mode [Debit]	K
12.	Any other mode [Credit]	L

“36B. a) Whether the assessee has received any amount for buyback of shares as referred to in sub-clause (f) of clause (22) of section 2? (Yes/No)

b) If yes, please furnish the following details:

(i) Amount received (in Rs.)

(ii) Cost of acquisition of shares bought back”.

[Notification No. 23/2025/F. No. 370142/10/2025-TPL]

ASHISH KUMAR AGRAWAL, Dy. Secy.

Note: The principal rules were published in the Gazette of India Extraordinary, Part III, section 3, sub-section (ii), vide notification number S.O. 969 (E), dated the March, 1962 and last amended vide notification number G.S.R. 195(E) dated the March, 2025

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SARVESH KUMAR SRIVASTAVA}