Home Income tax Individual Income Tax Income Tax Department released FAQs for filling Form 10B

Income Tax Department released FAQs for filling Form 10B

Income Tax Department released FAQs for filling Form 10B

Revenue Tax Division launched FAQs for filling Type 10B

The Revenue Tax Division has launched Often Requested Questions (FAQs) on filling of Type 10B.

Lately, Tax Division additionally extends the due date of Submitting Revenue Tax Type 10B and Type 10BB for FY 22-23 by way of issuing a Round. The Due date of those types prolonged until thirty first Oct 2023.

Type 10B is for charitable establishments and non secular trusts that function underneath Part 12AB of the Revenue Tax Act, which is an Audit Report Type. Whereas Type 10BB is for instructional and medical establishments that function underneath Part 10(23C) of the legislation.

FAQs on filling of Type 10B

Query 1: From which Evaluation 12 months re-notified Type 10B is relevant?

Type 10B notified vide Notification No. 7/2023 dated twenty first February 2023 is relevant from Evaluation 12 months 2023-24 onwards i.e. for A.Y. 2023-24 and upcoming years.

Query 2: Is Type 10B which was being filed previous to issuance of Notification No. 7/2023, nonetheless accessible on e-Submitting portal?

Sure, outdated Type 10B can also be accessible on portal and is relevant until Evaluation 12 months 2022-23 solely.

For filings upto Evaluation Years 2022-23, Type 10B is on the market on e-Submitting portal and will be accessed at–

“e-File —–> Revenue Tax Types —-> File Revenue Tax Types —> Individuals not depending on any Supply of Revenue—-> Type 10B” for project to CA.


Alternatively, the shape will be assigned utilizing “My CA” performance as properly.

Query 3: When is an auditee required to file Type 10B notified vide Notification No. 7/2023?

From A.Y. 2023-24 onwards, re-notified Type 10B shall be relevant the place any of the beneath talked about situations are satisfied-

(I) The whole earnings of auditee, with out giving impact to the provisions of beneath talked about clauses/sections, as applicable-

a) sub-clauses (iv), (v), (vi) and (by way of) of clause 23C of part 10.

b) sections 11 and 12 of the Act, exceeds rupees 5 crores throughout the earlier 12 months.

(II) Auditee has acquired any overseas contribution throughout the earlier 12 months.

(III) Auditee has utilized any a part of its earnings outdoors India throughout the earlier 12 months.

Query 4: What’s the course of to file Type 10B (A.Y. 2023-24 onwards) on e-Submitting portal?

Please Comply with the beneath steps for submitting Type 10B:

Step-1: Taxpayer can assign Type 10B (AY 2023-24 onwards) to CA, from E-file type mode —->.

Step-2: CA can examine the project in “On your motion tab” underneath worklist—>

Step 3: CA can both settle for or reject the project—–>

Step 4: In case CA accepts the assignments, he/she must add the JSON together with PDF attachments underneath offline mode of submitting—–>

Step 5 : As soon as CA submits the JSON with legitimate attachments, taxpayer both has to just accept/reject the shape uploaded by CA by way of the Worklist’s “For Your Motion” tab

Query 5: Who’s an “auditee” as referred in Query No. 3 above?

Any fund or establishment or belief or any college or different instructional establishment or any hospital or different medical establishment referred to in sub – clauses (iv), (v), (vi) or (by way of) of clause (23C) of part 10 of the Act or any belief or establishment referred to in sections 11 or 12 of the Act shall be referred as “auditee” on this type.

Query 6: What’s the due date for submitting of Type 10B (A.Y. 2023-24 onwards)

The due date of the shape is on or earlier than the required date referred to in part 44AB i.e. one month previous to the due date for furnishing the return of earnings underneath sub-section (1) of part 139 of earnings tax act, 1961.

Query 7: How offline utility for brand spanking new type 10B will be downloaded?

Go to Dwelling | Revenue Tax Division-> Go to obtain part——> Revenue tax types——> Type 10B (A.Y.2023- 24 onwards) —–> click on on type utility.

Alternatively, this CA can entry this path by clicking on obtain button underneath offline utility possibility on the time of importing type.

Word: Please ensure you at all times use the most recent model of utility, accessible on E-filling portal to obtain and add the json.

Query 8: What are the modes accessible to confirm the shape 10B on system?

Modes of verification for Type 10B (A.Y. 2023-24 onwards):

  • For CAs, solely DSC possibility is on the market for importing of Type.
  • For taxpayers (auditee) apart from corporations, each DSC and EVC choices can be found to just accept the shape uploaded by CA.
  • For Corporations, solely DSC possibility is on the market to just accept the shape uploaded by CA.

Query 9: What’s the that means of “overseas contribution” as talked about in Query No. 3 in reference of re-notified Type 10B?

For Rule 16CC and Rule 17B, the phrase “overseas contribution’’ shall have the identical that means assigned to it in clause (h) of sub-section (1) of part 2 of the Overseas Contribution (Regulation) Act, 2010 (42 of 2010).

Query 10: Learn how to present information for Schedules having Desk i.e. “Add Particulars” possibility and “Add CSV” possibility collectively?

For the Schedules having “Add particulars and “Add CSV” each choices collectively, please word the next:-

a) For variety of information upto 50: Both of desk or CSV possibility can be utilized. In each instances, knowledge might be mirrored in desk.

b) For variety of information greater than 50: Solely CSV possibility can be utilized. The info will seem as CSV attachment solely.

c) Whereas utilizing add CSV possibility, followings steps to be adopted:-

“Obtain Excel template →Add Data →Convert Excel template into .csv file →add csv file.”

d) Each time a CSV file is uploaded, it is going to overlap the present information/knowledge, if any. Previous information might be deleted and information uploaded by way of newest CSV will prevail.

To Learn Extra Obtain PDF Given Beneath:


Please enter your comment!
Please enter your name here