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Direct Tax Alert

Relaxation in Online Furnishing of Form 10F in Respect to Certain Tax Payers for Claiming the Benefits of DTAA

December 19, 2022

Earlier Central Board of Direct Tax (CBDT) issued Notification No. 03/2022 dated 16th July 2022 under the Income Tax Act (ITA) mandated furnishing of Form 10F electronically. However in this case practical challenges were faced by the Non-Resident Taxpayers who are not having PAN in India.

Therefore to remove the genuine hardship to such taxpayers, the CBDT through a notification issued 12th, December 2022,  that Non-Resident taxpayers who are not having PAN and are not required to have PAN as per Income Tax provision are exempted from mandatory electronic filing of Form 10F till 31st March 2023.

It was also clarified, through this notification that “such category of taxpayers (i.e. not having PAN in India) may file the Form 10F till 31st March 2023 in manual form, as was being done prior to issuance of the Notification No. 03/2022 dated 16th July 2022.

Last updated: 19/12/2022

Article contributed by:

Gaurav Paliwal

Associate Director - Taxation Advisory & Compliance Services

MBG Corporate Services

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