Changes in Form 3CD for AY 2024-25

CBDT has notified certain changes in Form 3CD for AY 2024-25 vide Income-tax (Fourth Amendment) Rules, 2024 dated 5th March 2024. A tabular representation of amended clauses, before and after the notification, along with brief remarks is given below -

S.No.	Clause	Before Amendment	After Amendment	Remarks
1.	8a	Whether the assessee has opted for taxation under section 115BA / 115BAA / 115BAB / 115BAC / 115BAD?	Whether the assessee has opted for taxation under section 115BA / 115BAA / 115BAB / 115BAC / 115BAD/115BAE?	Form 3CD amended to give effect to Section 115BAE inserted in Finance Act, 2023 to provide a concessional tax rate of 15% to new manufacturing co-operative societies.
2.	12	Whether the profit and loss account includes any profits and gains assessable on a presumptive basis, if yes, indicate the amount and the relevant sections (44AD, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, Chapter XII-G, First Schedule or any other relevant section.)	Whether the profit and loss account includes any profits and gains assessable on a presumptive basis, if yes, indicate the amount and the relevant sections (44AD, 44ADA, 44AE, 44AF, 44B, 44BB, 44BBA, 44BBB, Chapter XII-G, First Schedule or any other relevant section.)	Previously Section 44ADA was covered under “any other relevant section”. Now it has been mentioned separately.
3.	18(ca)	Adjustment made to the written down value––  (i) under the proviso to sub-section (3) of section 115BAA (for assessment year 2020-21 only);  (ii) under the first proviso to sub-section (3) of section 115BAC or the proviso to sub-section (3) of 115BAD (for assessment year 2021-22 only)	Adjustment made to the written down value––  (i) under the proviso to sub-section (3) of section 115BAA (for assessment year 2020-21 only);  (ii) under the first proviso to sub-section (3) of section 115BAC or the proviso to sub-section (3) of 115BAD (for assessment year 2021-22 only) (iii) under the second proviso to sub-section (3) of section 115BAC (for assessment year 2024-25 only).	Since the deduction of unabsorbed depreciation is not allowed under the new scheme and since the new scheme is a default scheme from AY 2024-25 onwards, a one-time adjustment is allowed to be made to written down value of assets in AY 2024-25 in case of assessee who have never opted for new scheme till AY 2024-25.Corresponding amendment made in Form 3CD.
4.	19	Amounts admissible under sections: 32AC, 32AD, 33AB, 33ABA, 35(1)(i), 35(1)(ii), 35(1)(iia), 35(1)(iii), 35(1)(iv), 35(2AA), 35(2AB), 35ABB, 35AC, 35AD, 35CCA, 35CCB, 35CCC, 35CCD, 35D, 35DD, 35DDA, 35E	Amounts admissible under sections: 32AC, 32AD, 33AB, 33ABA, 35(1)(i), 35(1)(ii), 35(1)(iia), 35(1)(iii), 35(1)(iv), 35(2AA), 35(2AB), 35ABA, 35ABB, 35AC, 35AD, 35CCA, 35CCB, 35CCC, 35CCD, 35D, 35DD, 35DDA, 35E, any other relevant section	Section 35ABA provides for admissibility of capital expenditure for obtaining right to use spectrum for telecommunication. Section appeared on income tax website and in offline utility but was not mentioned in Form 3CD as per Act, which is now corrected.
5.	21(a)	Please furnish the details of amounts debited to the profit and loss account, being in the nature of ……. - ………… - Expenditure by way of penalty or fine for violation of any law for the time being force; - Expenditure by way of any other penalty or fine not covered above; -Expenditure incurred for any purpose which is an offence or which is prohibited by law	Please furnish the details of amounts debited to the profit and loss account, being in the nature of ……. - ………… - Expenditure for any purpose which is an offence or is prohibited by law or expenditure by way of penalty or fine for violation of any law (enacted in India or outside India) - Expenditure incurred to compound an offence under any law for the time being in force, in India or outside India - Expenditure incurred to provide any benefit or perquisite, in whatever form, to a person, whether or not carrying on a business or exercising a profession, and acceptance of such benefit or perquisite by such person is in violation of any law or rule or regulation or guideline, as the case may be, for the time being in force, governing the conduct of such person	Form 3CD amended as per Explanation 3 to Section 37 – Expression “expenditure incurred by an assessee for any purpose which is an offence or which is prohibited by law" under Explanation 1, shall include and shall be deemed to have always included the expenditure incurred by an assessee,— (i) for any purpose which is an offence under, or which is prohibited by, any law for the time being in force, in India or outside India; or (ii) to provide any benefit or perquisite, in whatever form, to a person, whether or not carrying on a business or exercising a profession, and acceptance of such benefit or perquisite by such person is in violation of any law or rule or regulation or guideline, as the case may be, for the time being in force, governing the conduct of such person; or (iii) to compound an offence under any law for the time being in force, in India or outside India.
6.	21(b)	Amounts inadmissible under section 40(a): (i) …. (ii) …  (B)…  (IV) Name and address of the payer	Amounts inadmissible under section 40(a): (i) …. (ii) …  (B)…  (IV) Name and address of the payee	Error corrected
7.	26	In respect of any sum referred to in clause (a), (b), (c), (d), (e), (f) or (g) of section 43B	In respect of any sum referred to in clause (a), (b), (c), (d), (e), (f), (g) or (h) of section 43B	Change made to give effect to clause h in Section 43B relating to the disallowance of delayed payment to micro and small suppliers.
8.	32	Details of brought forward loss or depreciation allowance, in the following manner, to the extent available: .. 5. All losses/ allowances not allowed under section 115BAA/ 115BAC/ 115BAD. 6. Amount as adjusted by withdrawal of additional depreciation on account of opting for taxation under section 115BAC / 115BAD^ .. ^ To be filled in for assessment year 2021-22 only	Details of brought forward loss or depreciation allowance, in the following manner, to the extent available: .. 5. All losses/ allowances not allowed under section 115BAA/ 115BAC/ 115BAD/115BAE. 6. Amount as adjusted by withdrawal of additional depreciation on account of opting for taxation under section 115BAC / 115BAD / 115BAE ^ .. ^ To be filled in for assessment year 2021-22 only and 2024- 25, as applicable.	Form 3CD amended to give effect to Section 115BAE inserted in Finance Act, 2023 to provide a concessional tax rate of 15% to new manufacturing co-operative societies..