CBDT Issues Clarification on Form 10CCB

Last Updated On: Jan. 14, 2022, 12:42 p.m.
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CBDT- ADVISORY ON FORM 10CCB TO AVOID ERRORS 

What is Form 10CCB?

Form 10CCB is a mandatory requirement to claim deduction under section 80(IB)10. It is compulsory form that has to be filed along with audit report with the return income to claim deduction under section 80(IB)10 of the act.

 

Income tax Department has issued clarification on Form 10CCB to avoid errors in form filing and verification.

 

Let us understand what are the clarifications that are issued by the Department.

To avoid errors in form filing and verification, kindly ensure that following points are considered:

1. Please assign Form 10CCB to respective Chartered Accountant(CA) from ‘My CA‘ functionality.

2. Once CA successfully submits the form, taxpayer can accept/reject the Form 10CCB under ‘Worklist‘ functionality.

3. In case a CA needs to file multiple forms for the same Assessment Year, taxpayer must assign the form to same CA from My CA’ functionality again. The assignment can only happen when there are no forms which are active for action either by CA or taxpayer.

4. In case taxpayer needs to assign Form 10CCB to different CAs for same Assessment Year, taxpayer must assign the form to different CA from “My CA” functionality again. The assignment can only happen when there are no forms which are active for action either by CA or taxpayer. (Same way as mentioned in point 3 must be followed)

 

 


 

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