Form 3CD Clause 30A–33 Analysis | Revised Guidance Note 2025 (Part 9) | Income Tax Audit Explained

In this video, we explain in detail the Particulars to be furnished in Form No. 3CD – Clause 30A to Clause 33, as per the Revised Guidance Note 2025 (Part 9). This is part of the Tax Audit Report under Section 44AB of the Income Tax Act, 1961. 📌 Clause-wise Explanation (AY 2025–26): 🔹 Clause 30A – Primary Adjustments to Transfer Pricing Deals with disclosure of any primary adjustment to transfer pricing made by the assessee as per Section 92CE. Requires reporting whether such adjustment leads to excess money receivable from associated enterprises, and whether repatriation or secondary adjustments have been made. 🔹 Clause 30B – Secondary Adjustments to Transfer Pricing Requires details of secondary adjustments arising from primary adjustments under Section 92CE. The auditor must report whether funds have been repatriated to India, and if not, whether deemed advances have been recognized and interest computed. 🔹 Clause 30C – Impermissible Avoidance Agreement (IAA) Reporting requirement under Section 96 of GAAR provisions. Assessee must disclose whether they have entered into any arrangement declared as an impermissible avoidance arrangement, which results in tax benefit. 🔹 Clause 31 – Cash Transactions Deals with acceptance/repayment of loans, deposits, and specified sums in cash above prescribed limits. Covers compliance with Sections 269SS, 269ST, 269T etc., and reporting of violations. 🔹 Clause 32 – Details of Brought Forward Losses & Unabsorbed Depreciation Requires detailed reporting of losses and unabsorbed depreciation carried forward under the Act. Includes year-wise breakup, whether allowed to be carried forward, and if revised return impacts such figures. 🔹 Clause 33 – Chapter VIA Deductions Reporting of deductions claimed under Chapter VIA (Sections 80C to 80U). Categorized into: A. Deduction in respect of certain payments (e.g., LIC, PPF, tuition fees, etc.) B. Deduction in respect of certain incomes (e.g., 80IA, 80IB, 80JJAA, etc.) C. Other Deductions. ⚖️ This video will help CAs, tax professionals, and businesses understand the latest reporting requirements for AY 2025–26. 👉 Stay tuned till the end for practical insights and compliance tips! 🔔 Subscribe to @personaltax for regular updates on Income Tax, GST, Personal Finance, and Compliance. #IncomeTax #Form3CD #Clause30A #Clause30B #Clause30C #Clause31 #Clause32 #Clause33 #TaxAudit #GuidanceNote2025 #IncomeTaxAudit #ITR #TaxAuditReport #CAStudents #GST #IncomeTaxUpdates #personaltax