Filing of form 29C

Hi Abhay,

For Form 29C (which is the report of an accountant in respect of an audit under section 92E of the Income Tax Act related to Transfer Pricing), the due date depends on the due date of filing the income tax return of the assessee.

Key points:

• The due date for filing Form 29C is the due date of filing the income tax return (ITR) of the assessee under the Income Tax Act.

• For LLPs and companies requiring Transfer Pricing audit (Section 92E), the due date for filing the ITR is generally 30th November following the end of the financial year (if audit under section 44AB is applicable).

• Since your LLP is subject to Transfer Pricing, it is required to file ITR by 30th November.

• Therefore, Form 29C must be filed on or before 30th November of the relevant assessment year.

Summary:

• Due date for filing Form 29C = Due date of filing ITR (generally 30th November for LLP with TP audit).

• It is not 30th September or 31st October unless the ITR is filed earlier.