Requirement for filing form 3ceb

Tax queries 13047 views 5 replies

Can anybody provide me a clarification regarding requirement of filing Form 3CEB with the IT Deptt under transfer pricing rules of Income Tax Act with respect to the following-

1) Is there a need to file the report under form 3CEB even if the transaction value with the related enterprise during the concerned F.Y is below the Rs.1 Crore limit.

2) If there is a need as above then what is the last date of filing?

3) What is the mode of filing - whether manual accompanied with a covering letter to the concerned ITO?

4) If the answer to above is negative then, Is there any need to keep the necessary documentation on record?

Kindly answer with the relevant rule/section.

Thanks in anticipation,

CA Rahul Jain

Replies (5)

Can anybody provide me a clarification regarding requirement of filing Form 3CEB with the IT Deptt under transfer pricing rules of Income Tax Act with respect to the following-

1) Is there a need to file the report under form 3CEB even if the transaction value with the related enterprise during the concerned F.Y is below the Rs. 1 Crore limit.

2) If there is a need as above then what is the last date of filing?

3) What is the mode of filing - whether manual accompanied with a covering letter to the concerned ITO?

4) If the answer to above is negative then, Is there any need to keep the necessary documentation on record?

Kindly answer with the relevant rule/section.

Thanks in anticipation,

CA Rahul Jain

The last date for submission of 3CEB is 30th November 2011 this year, the due date of return under 139(1) where there are international transactions with associated enterprises.

It has to be filed manually. I cannot comment on other doubts raised by your goodself.

No to your Q 1.

Originally posted by : CA.Rahul Jain


Can anybody provide me a clarification regarding requirement of filing Form 3CEB with the IT Deptt under transfer pricing rules of Income Tax Act with respect to the following-

1) Is there a need to file the report under form 3CEB even if the transaction value with the related enterprise during the concerned F.Y is below the1 Crore limit.

YES


2) If there is a need as above then what is the last date of filing?

30th NOVEMBER


3) What is the mode of filing - whether manual accompanied with a covering letter to the concerned ITO?

MANUAL


4) If the answer to above is negative then, Is there any need to keep the necessary documentation on record?

N.A.

Anuj

+91-9810106211

femaquery @ gmail.com

 

i think all of your doubts have been cleared by CA. Anuj Gupta well answered

and your answer to last question ie.e. 4) If the answer to above is negative then, Is there any need to keep the necessary documentation on record?

yes please keep records for future assessmets etc if any...

this is not a waste document. it is important one.


CCI Pro

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