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Income-Tax: Relaxation with Respect to Electronic Submission of Form 10F by Select Category Of Taxpayers
Written by Gagandeep Arora - Printed on - Date - 15th Dec 2022
Reference is invited to Notification No. 03/2022 dated 16th July 2022 issued by
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 by non-resident (NR) taxpayers
not having PAN in making compliance as per the above notification, and with a view to
mitigate genuine hardship to such taxpayers, it has been decided by the Competent
Authority that such 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, are exempted from mandatory electronic filing of Form 10F till
31st March 2023. For the sake of clarity, it is reiterated that such category of
taxpayers may make statutory compliance of filing Form 10F till 31st March 2023 in
manual form as was being done prior to issuance of the DGIT(Systems) Notification No. 3
of 2022.