Partial relaxation for electronic filing of form 10F
CBDT wide notification no 03/2022 dated 16th July 2022 had notified filing of form 10F [Information to be provided under sub-section (5) of section 90 or sub-section (5) of section 90A of the Income-tax Act, 1961] electronically on income tax portal. Which required PAN based income tax login. Mandatory electronic filling of 10F created hurdle for non-resident payees and resident payers, as in certain cases, a non-resident payee is not required to obtain PAN under the Act. As mandatory obtaining PAN in India created unnecessary burden on NRIs. And without PAN income tax login is not possible.
On consideration of the practical challenge being faced by non-resident (NR) taxpayers not having PAN in making compliance as per the notification 03/2022, and with a view to mitigate genuine hardship to such taxpayers, it has been decided by the CBDT that
- Non-resident taxpayers who are not having PAN and
- not required to have PAN as per relevant provisions of the Income-tax Act,1961,
are exempted from mandatory electronic filing of Form l0F till 31st March 2023.**
** this period of exemption for electronic filing of form 10F further extended up to 30th September 2023
To clarify, taxpayers in above mentioned category were allowed to file Form 10F manually until 31st March 2023, as they did before the DGIT(Systems) Notification No. 3 of 2022 was issued.
Enclosed herewith notification 03/2022 giving relaxation in electronic filing of 10F
