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CBDT Extended The Timeline of the e-filling process of Income Tax

BNE ADMIN


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New Delhi: The decision has been taken In the e-filling process of income Tax Forms 15CA/15CB. The Central Board of Direct Taxes (CBDT) has extended the timeline in filling up forms online because of difficulties faced by the taxpayers in electronic filing.

As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA and 15CB electronically. Currently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorized dealer for any foreign remittance.

In view of the difficulties reported by taxpayers in electronic filing of Income Tax Forms 15CA/15CB on the portal www.incometax.gov.in, it had earlier been decided by CBDT that taxpayers could submit Forms 15CA/15CB in manual format to the authorized dealer till 30th June 2021.

It has now been decided to extend the aforesaid date to 15th July 2021. In view thereof, taxpayers can now submit the said Forms in manual format to the authorized dealers till 15th July 2021. Authorized dealers are advised to accept such Forms till 15th July 2021 for the purpose of foreign remittances. A facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generation of the Document Identification Number.

BNE ADMIN