Income tax e-filing portal has issued a clarification in relation to filing of Form 10CCB to avoid any issues in filing Form 10CCB and same is as under:
Clarification on Form 10CCB
To avoid errors in form filing and verification, kindly ensure that following points are considered:
1. Please assign Form 10CCB to respective Chartered Accountant(CA) from “My CA” functionality.
2. Once CA successfully submits the form, taxpayer can accept/reject the Form 10CCB under “Worklist” functionality.
3. In case a CA needs to file multiple forms for the same Assessment Year, taxpayer must assign the form to same CA from “My CA” functionality again. The assignment can only happen when there are no forms which are active for action either by CA or taxpayer.
4. In case taxpayer needs to assign Form 10CCB to different CAs for same Assessment Year, taxpayer must assign the form to different CA from “My CA” functionality again. The assignment can only happen when there are no forms which are active for action either by CA or taxpayer. (Same approach as mentioned in point 3 must be followed).
To read more on Income tax e-filing website CLICK HERE.
Let’s understand the basic of who needs to file Form 10CCB:
Rule 18BBB deals with filing of Form 10CCB which is as under:
Form of audit report for claiming deduction under section 80-I or 80-IA or 80-IB or section 80-IC.
“18BBB. (1) The report of the audit of the accounts of an assessee, which is required to be furnished under sub-section (7) of section 80-IA or sub-section (7) of section 80-I, except in the cases of multiplex theatres as defined in sub-section (7A) of section 80-IB or convention centres as defined in sub-section (7B) of section 80-IB [or hospitals in rural areas as defined in sub-section (11B) of section 80-IB], shall be in Form No. 10CCB.
(2) A separate report is to be furnished by each undertaking or enterprise of the assessee claiming deduction under section 80-I or 80-IA or 80-IB [or 80-IC] and shall be accompanied by the Profit and Loss Account and Balance Sheet of the undertaking or enterprise as if the undertaking or the enterprise were a distinct entity.
(3) In the case of an enterprise carrying on the business of developing or operating and maintaining or developing, operating and maintaining an infrastructure facility, the form shall be accompanied by a copy of the agreement of the enterprise with the Central Government or the State Government or the local authority for carrying on the business of developing or operating and maintaining or developing, operating and maintaining the infrastructure facility.
(4) In any other case, the form shall be accompanied by a copy of the agreement, approval or permission, as the case may be, to carry on the activity signed or issued by the Central Government or the State Government or the local authority for carrying on the eligible business.”
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