Income Tax Form 3CD
BOCW Act Registration β Secure Workers’ Rights & Get Compliance Done
April 1, 2025
Revised TDS / TCS Rates effective from 01st April 2025
April 2, 2025
π¨ Income Tax Form 3CD β Major Changes from 1st April 2025! π¨
Are you a CA, CFO, or Business Owner? You NEED to know this!
Here’s what’s NEW in Form 3CD as per Income-tax (8th Amendment) Rules, 2025:
Clause 12 β Presumptive Taxation for Cruise Operators π’
Section 44BBC added β 20% of gross receipts taxed for non-resident cruise businesses! No need to maintain expense records!
Clause 19 β Deleted Old Sections π§Ή
Removed 32AC, 32AD, 35AC, 35CCB β Bye-bye outdated deductions!
Clause 21 β Settlement Expenses Disclosure β
Now mandatory to report expenses made for settling legal contraventions! No more silent deductions!
Clause 22 β MSME Payment Rules Updated π§Ύ
Late payments to MSEs?
β‘ Interest NOT deductible
β‘ Principal also disallowed under Section 43B(h) if not paid on time!
Clause 26 β Only βAllowableβ Expenses Count β
Clarification made: Only those liabilities paid on time will be allowed under Section 43B.
Clauses 28 & 29 β Removed β
No more separate reporting for:
Underpriced share transfers
Angel Tax-related issues
Clause 31 β Loans & Deposits Classification π°
Dropdown menu added!
Now report each loan or deposit clearly under Section 269SS & 269T.
βΏ¨ NEW: Clause 36B β Share Buyback Reporting π
Report amounts received under Section 2(22)(f) + cost of acquisition!
No escape for unfair buyback tax savings!
Why this Matters to YOU?
Timely compliance = Smart Business
Late compliance = Penalties & Tax Disallowances!
Need Help with the New Form 3CD?
Let Dhan Tax handle your compliance like a pro!
β Tax Audits | β MSME Compliance | β Presumptive Taxation | β Buyback Reporting
π Call/WhatsApp: βͺ+91 76784 56921β¬
π Visit: www.dhantax.com
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