CBDT extended Form 10F e-filing exemption for Non-residents without PAN till September 30, 2023

CBDT extended Form 10F e-filing exemption for Non-residents without PAN till September 30, 2023

Mar 30, 2023

The CBDT vide F. No. DGIT(S)-ADG(S)-3/e-Filing Notification/Forms/2023/ 13420 dated March 28, 2023 extended Form 10F e-filing exemption for Non-residents without PAN till September 30, 2023.

Reference is invited to Notification No. 03/2022 dated July 16, 2022 issued by the Directorate of Income Tax (Systems) New Delhi in exercise of powers conferred under Rule 131(1)/(2) of the Income-tax Rules mandating, inter alia, furnishing of Form 10F electronically.

On consideration of the practical challenge being faced in making compliance as per the above notification, those non-resident (NR) taxpayers who were not having PAN and not required to have PAN as per relevant provisions of the Income-tax Act, 1961 read with Income-tax Rules, 1962, were exempted from mandatory electronic filing of Form 10F till March 31, 2023 by the competent authority.

In view of the continued practical challenges and to mitigate the genuine hardship being faced by such category of taxpayers, it has been decided by the competent authority to extend the above mentioned partial relaxation further till September 30, 2023. For the sake of clarity, it is reiterated that such category of taxpayers may make statutory compliance of filing Form 10F till September 30, 2023 in manual form as was being done prior to issuance of the DGIT(Systems) Notification No. 3 of 2022.

The Notification can be accessed at: https://incometaxindia.gov.in/communications/notification/partial-relaxation-extention-form-10f.pdf