Where to submit form 27C for non-TCS deduction i.e Comm of Income Tax or Comm of TDS Circle.
by CA Pracheta Shirish Deshmukh on 06 February 2013
FORM 27C SHOULD BE SUBMITTED TO THE COMM OF INCOME TAX ACT.
This form is relevant for the buyer of goods specified (liquor,tendu leaves,timber, other forest produce or scrap) in section 206C (1) of the act in cases where the buyer intends to utilise the goods for the purpose of manufacturing,processing or producing articles or things,and not for trading purposes. Without collection of TCS by the seller.
The form is in two parts. Part -I must be filled and signed by the buyer of goods , and the buyer must handover the form to the seller.
The seller is to fill in and sign Part -II , and then forward one copy of the declaration to the Chief Commissioner / Commissioner to whom the Assessing Officer having jurisdiction to assess the seller is subordinate.
For new format of form 27c give ur email id. I will mail you