Overview
The Central Board of Direct Taxes vide notification dated 28.03.2023 has further extended the relaxation provided to a selected category of taxpayers from the mandatory electronic submission of form 10F.
What is Form 10F?
In order to claim the benefit of Double Taxation Avoidance Agreement (DTAA) under section 90 of the Income Tax Act (the Act), there is a requirement of furnishing Tax residency certificate (TRC) which must contain certain specified information such as Status, Nationality, Tax identification number, Tax Period and Address of Assessee. If the specified information is missing in the TRC, then Form 10F has to be furnished duly depicting all such missing information in order to claim the benefits of DTAA. The CBDT added the Form 10F to the list of forms that are to be furnished electronically vide the Notification No. 03 2022.
Timelines for relaxation in filing of form
| Erstwhile Relaxation | Extended Relaxation |
| Earlier vide Notification dated 12.12.2022, the CBDT provided relaxation to those category of Non-resident taxpayers who are 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, and exempted them from mandatory electronic filing of form 10F till 31.03.2023. Such category of taxpayers could make statutory compliance in manual form only till 31.03.2023. | Through this notification, the timeline for making statutory compliance in Manual Form 10F has been further extended till 30.09.2023. |
