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Informative

CBDT Updates Form 3CD: New Disclosure Rules for MSME Payments, Share Buybacks, and Loans

Update / Judgement Date

30 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

The CBDT has updated Form 3CD with new disclosure rules for MSME payments, share buybacks, and loans. These updates aim to enhance transparency in financial reporting. The changes will impact how businesses disclose their transactions. This update ensures compliance with tax laws.