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

Earlier Central Board of Direct Tax (CBDT) issued Notification No. 03/2022 dated 16^th 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 12^th, 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 31^st 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 31^st March 2023 in manual form, as was being done prior to issuance of the Notification No. 03/2022 dated 16^th July 2022.

Last updated: 19/12/2022

Article contributed by:

Gaurav Paliwal

Associate Director - Taxation Advisory & Compliance Services

MBG Corporate Services