Online Filing requirement of Form 10F is extended to 30/09/2023
IT-Department provides an exemption for non-residents without PAN to use electronic Form 10F filing
The income tax department has given non-residents who do not have PANs and are not required to have them under the requirements of the Income-tax Act, 1961, a partial reprieve from having to manually file Form 10F until the end of March 2023.
The same has now been extended till September 30, 2023.
In accordance with the authority granted by Rules 131(1) and (2) of the Income-tax Rules, the Directorate of Income Tax (Systems) of New Delhi issued Notification No. 03/2022 on July 16, 2022, mandating, among other things, the electronic submission of Form 10F.
Due to the practical difficulties in enforcing compliance with the aforementioned notification, the competent authority exempted non-resident (NR) taxpayers who did not have a PAN and were not required to have one under the applicable provisions of the Income-tax Act of 1961 read with the Income-tax Rules of 1962 from the requirement to electronically file Form 10F until the end of March 2023.
In order to lessen the genuine hardship being experienced by this category of taxpayers and in light of the ongoing practical obstacles,
