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27-04-2020
CBDT vide its order u/s 119 issued on 24.04.2020 vide circular no 10/2020 has kept clause 30C and Clause 44 in abeyance till 31.03.2021.
While deferring the requirement of the said clause CBDT stated that Several representations were received by the Board with regards to difficulty in implementation of reporting requirements under clause 30C and clause 44 of Form No. 3CD of the Income-tax Rules, 1962 in view of the Global Pandemic due to COVID-19 virus and requested for deferring the applicability of the above provisions.
The matter has been examined and in view of the prevailing situation due to COVID- 19 pandemic across the country, it has been decided by the Board that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2021.
Clause 30C :- WhetWhether the assessee has entered into an impermissible avoidance arrangement, as referred to in section 96, during the previous year (An impermissible avoidance arrangement would be an arrangement where the main purpose is to obtain a tax benefit and is not at arm’s length, results in tax evasion (directly or indirectly), lacks commercial substance or is carried out in a manner that does not otherwise occur if the arrangement was for bona fide purposes).
Clause 44 :- Break-up of the total expenditure of entities registered or not registered under the GST. |
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