The Central Board of Direct Txe has vide Circular No.10 /2020 dated 24th April, 2020 stated that in view of the prevailing situation due to COVID-19 pandemic across the country, the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till 31 st March, 2021.
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 20th July, 2018 with
effect from 20th August, 2018.
Let us understand the Clause 30C and Clause 44 of the Tax Audit Report.