List of key amendments made by CBDT in Form No. 3CD notified vide Notification No. 23/2025 which had been introduced with effect from April 1, 2025.

Key amendments

1. Clause (22)

Clause (22) of Form 3CD, which earlier read as (a) Amount of interest inadmissible under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006 and (b) Any other amount not allowable under clause (h) of section 43B of the Income-tax Act, 1961 has been substituted as below:

• (i) Amount of interest inadmissible under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act); or
• (ii) Total amount required to be paid to to a micro or small enterprise, as referred to in section 15 of the MSMED Act, during the previous year;
• (iii) Of amount referred to in (ii) above, amount –
  • (a) paid up to time given under section 15 of the MSMED Act;
  • (b) not paid up to time given under section 15 of the MSMED Act and inadmissible for the previous year.

2. Clause (36B)

A new clause (36B) has been inserted after clause (36A) which mandates reporting on share buyback. The clause reads as follows:

• a) Whether the assessee has received any amount for buyback of shares as referred to in sub-clause (f) of clause (22) of section 2? (Yes/No)
• b) If yes, please furnish the following details:
  • (i) Amount received (in Rs.)
  • (ii) Cost of acquisition of shares bought back.

3. Other changes

• The inclusion of expenditures related to the settlement of legal proceedings for contraventions notified by the Central Government in Clause 21.
• Removal of certain redundant section references, clauses, etc.