The Central Board of Direct Tax (CBDT) on March 28, 2023, issued a notification regarding Partial relaxation concerning the electronic submission of Form 10F by a select category of taxpayers by the DGIT (Systems).
On consideration of the practical challenge being faced in making compliance as per the above notification, that non-resident (NR) taxpayers who were not having PAN and were not required to have PAN as per relevant provisions of the Income-tax Act,1961 read with Income-tax Rules, 1962, were exempted from mandatory electronic filing of Form 10F till 31st March 2023 by the competent authority.
it has been decided by the competent authority to extend the above-mentioned partial relaxation further till September 30, 2023. For the sake of clarity, it is reiterated that such a category of taxpayers may make statutory compliance of filing Form 10F till September 30, 2023, in manual form as was being done before issuance of the DGIT(Systems).
[Notification No. DGIT(S)-ADG(S)-3/e-Filing Notification/Forms/2023/ 13420]
