Form 3CEB Explained: Download & Report Under Section 92E for International and Specified Domestic Transactions

Form 3CEB Explained: Report Under Section 92E for International and Specified Domestic Transactions

Form 3CEB is a crucial reporting document under Section 92E of the Income-tax Act, 1961. It is required to be furnished by every person who has entered into international transactions or specified domestic transactions with associated enterprises during the financial year. The form must be certified by a Chartered Accountant and is a part of the transfer pricing documentation and compliance requirements in India.

The objective behind this reporting requirement is to ensure that transactions between related parties are conducted at arm’s length prices and to prevent tax base erosion through the manipulation of prices in cross-border and high-value domestic dealings.

What is Form 3CEB?

Form 3CEB is a detailed report prepared and certified by a Chartered Accountant, which includes disclosure and verification of international transactions and specified domestic transactions undertaken by a taxpayer. It contains the nature of such transactions, the method used for determining the arm’s length price, and other relevant information to validate compliance with transfer pricing regulations.

Who Should File Form 3CEB?

Form 3CEB must be filed by every person (individuals, firms, LLPs, companies, etc.) who has entered into:

• One or more international transactions with associated enterprises (foreign or domestic)
• Specified domestic transactions as defined under Section 92BA of the Income-tax Act, exceeding the prescribed threshold

The form is mandatory irrespective of the value of international transactions. For specified domestic transactions, the threshold limit is ₹20 crore.

Key Definitions

• International Transaction: A transaction between two or more associated enterprises located in different countries involving transfer of goods, services, intangibles, finance, or cost-sharing arrangements.
• Specified Domestic Transaction: Certain high-value domestic transactions, such as those covered under Section 80-IA, 80-IB, or with related parties, which are subject to transfer pricing provisions.
  

Why is Form 3CEB Important?

Form 3CEB ensures transparency and consistency in cross-border and high-value domestic transactions. It helps in validating that pricing is at arm’s length and taxes are not avoided through artificial inflation or deflation of profits. It is an essential part of a taxpayer’s transfer pricing audit and is scrutinized during assessments by the tax department.

Download Form 3CEB Utility

To facilitate electronic filing, the Income Tax Department provides a utility for Form 3CEB. It is available in a downloadable ZIP format and can be used to prepare and generate the required XML file.

🔗 Form Utility (1.21 MB): Download Utility ZIP

📅 Date of First Release: 04-Oct-2022

📅 Date of Latest Release: 01-Apr-2025

Download Form 3CEB Schema

The schema is a technical document used by developers and taxpayers to validate Form 3CEB before submission. It is mandatory to use the latest schema version to avoid errors during upload.

🔗 Form Schema (21.8 KB): Download Schema ZIP

📅 Date of First Release: 02-Sep-2022

📅 Date of Latest Release: 28-Mar-2025

Schema Change Document

This document records all changes made in the schema versions over time, such as changes in tag names, validation rules, and form fields.

🔗 Schema Change Document (179 KB): Download Schema Change PDF

📄 Version: 1.3

Details Required in Form 3CEB

The form contains the following sections:

1. Part A: Basic details of the taxpayer and accountant
2. Part B: Details of international transactions, including method used for transfer pricing and values
3. Part C: Details of specified domestic transactions, with similar reporting requirements

Each transaction must be described, justified, and supported with documentation as per transfer pricing norms.

When to File Form 3CEB?

Form 3CEB must be filed electronically before the due date of filing the income tax return under Section 139(1). For audit cases, this is typically:

• 31st October following the financial year

It is important to file the form on time to avoid penalties and disallowances.

Penalty for Non-Filing

• ₹1,00,000 under Section 271BA for failure to furnish Form 3CEB
• Further penalties and interest may apply in case of transfer pricing adjustments

Best Practices for Form 3CEB Filing

• Ensure accurate documentation for all transactions with associated enterprises
• Use correct method (CUP, TNMM, Cost Plus, etc.) for transfer pricing
• Coordinate with a qualified Chartered Accountant for timely certification
• Keep supporting documents ready for audit and scrutiny
• Use latest utility and schema while preparing and uploading the form

Conclusion

Form 3CEB is a critical compliance requirement under India’s transfer pricing regulations. It ensures transparency in related-party transactions and prevents tax evasion through inflated or deflated transaction values. Every eligible taxpayer must ensure timely and accurate filing of this report to avoid legal consequences and ensure smooth assessments.

Given the complexity and regulatory scrutiny involved in international and specified domestic transactions, professional assistance and use of updated utilities and schema are strongly recommended for proper compliance with Section 92E and associated provisions.

Form 29C Explained: Download & Report Under Section 115JC for Alternate Minimum Tax (AMT) Compliance

Form 29C Explained: Report Under Section 115JC for Alternate Minimum Tax (AMT) Compliance

Form 29C is a statutory report under Section 115JC of the Income-tax Act, 1961. It is used to compute the Adjusted Total Income and determine the Alternate Minimum Tax (AMT) liability of taxpayers other than companies—such as individuals, Hindu Undivided Families (HUFs), Association of Persons (AOPs), and partnership firms—who claim certain deductions and whose regular income tax liability is lower than the minimum alternate tax.

This form is especially important for taxpayers claiming deductions under sections like 10AA (SEZ), 35AD (capital expenditure on specified businesses), and Chapter VI-A under heading C (Sections 80-IA to 80RRB). It ensures that even these taxpayers pay a minimum amount of tax to the government.

What is Form 29C?

Form 29C is a report certified by a Chartered Accountant, required to be filed by taxpayers falling under the purview of Alternate Minimum Tax provisions. The form contains the computation of Adjusted Total Income and the AMT liability. It also includes details of deductions claimed by the taxpayer and adjustments made to arrive at the final tax payable under Section 115JC.

Who Should File Form 29C?

Form 29C must be filed by any person other than a company (e.g., individuals, HUFs, AOPs, BOIs, partnerships) if they:

• Claim deductions under Section 10AA, 35AD, or Chapter VI-A under heading C (e.g., 80-IA, 80-IB, 80-IC, etc.)
• Have total income adjusted for AMT purposes exceeding ₹20 lakhs
• Are liable to pay AMT as per provisions of Section 115JC

Why is Form 29C Important?

The purpose of Form 29C is to ensure that taxpayers who claim substantial deductions still contribute a minimum amount of tax. It promotes tax fairness and discourages excessive tax avoidance through deductions. The report also acts as a declaration and validation of the taxpayer’s income and deduction claims, verified by a Chartered Accountant.

Understanding Alternate Minimum Tax (AMT)

Alternate Minimum Tax is similar to MAT for companies but applies to non-corporate taxpayers. It was introduced to ensure minimum tax payment by high-income individuals and entities claiming tax benefits. Under Section 115JC, AMT is calculated at 18.5% (plus surcharge and cess) on the Adjusted Total Income.

If the AMT is higher than the regular tax payable, then AMT becomes the tax liability. Taxpayers can also carry forward AMT credit for up to 15 years.

How to Compute Adjusted Total Income?

Adjusted Total Income is computed as follows:

1. Start with total income as per the Income-tax Act
2. Add back deductions claimed under:
   • Section 10AA
   • Section 35AD (minus depreciation)
   • Chapter VI-A under "C" (80-IA to 80RRB, excluding 80P)

If the resulting Adjusted Total Income exceeds ₹20 lakh, and AMT is higher than regular income tax, the taxpayer must pay AMT and file Form 29C.

Download Form 29C Schema

The Income Tax Department provides a downloadable schema for Form 29C. This is used for generating validated XML files for online submission.

🔗 Form Schema (14.3 KB): Download Form Schema ZIP

📅 Date of First Release: 09-Aug-2022

📅 Date of Latest Release: 25-Mar-2025

Download Schema Change Document

The schema change document contains information about updates made to the structure or validations in Form 29C schema over time. It helps ensure you’re using the latest format and comply with the technical requirements of e-filing.

🔗 Schema Change Document (134 KB): Download Schema Change PDF

📄 Version: 1.3

Steps to File Form 29C

1. Prepare financial statements and compute total income.
2. Calculate Adjusted Total Income by adding back eligible deductions.
3. Compute AMT liability at 18.5% + surcharge/cess.
4. Get Form 29C prepared and certified by a Chartered Accountant.
5. Generate the form in XML format and validate it using the Income Tax utility.
6. Upload the XML file via the Income Tax e-filing portal.

Deadline to File Form 29C

Form 29C should be filed before or along with the filing of the income tax return. Typically, this falls on:

• 31st July for individuals and other non-audit cases
• 31st October for taxpayers whose accounts are subject to audit

Filing after the due date may result in non-availability of AMT credit and possible penalties.

Consequences of Non-Filing

• Disallowance of AMT credit
• Interest and penalty under sections 234B, 234C, and 271F
• Delay in processing tax returns or scrutiny by tax authorities

Important Points to Note

• Form 29C is required only if Adjusted Total Income exceeds ₹20 lakh.
• Taxpayers must use the latest schema version for filing.
• Form must be digitally signed by a Chartered Accountant.
• AMT paid can be carried forward for 15 years as tax credit under Section 115JD.

Conclusion

Form 29C is a crucial tax compliance requirement for individuals and entities who benefit from significant tax deductions but still have substantial income. By ensuring they pay at least the minimum alternate tax, it promotes fair contribution to the tax system. Proper computation of Adjusted Total Income and timely filing of this form not only ensure legal compliance but also facilitate smooth assessment and future tax credit utilization.

Taxpayers and professionals must regularly check for updates in schema and filing procedures. Using the right schema, following due process, and coordinating with a qualified Chartered Accountant will help avoid penalties and ensure accurate AMT filing.

Form 29B Explained: Download & Report Under Section 115JB for Book Profit Computation of Companies

Form 29B Explained: Report Under Section 115JB for Book Profit Computation of Companies

Form 29B is a mandatory audit report under Section 115JB of the Income-tax Act, 1961. It is required to compute the "book profits" of a company for the purpose of Minimum Alternate Tax (MAT). This form must be certified by a Chartered Accountant and submitted along with the income tax return, especially when the company’s tax liability under the normal provisions of the Act is lower than the MAT liability calculated under Section 115JB.

Minimum Alternate Tax was introduced to ensure that companies with substantial profits and dividend declarations cannot avoid tax by claiming various deductions and exemptions. Form 29B ensures standardized computation of book profits and maintains transparency in corporate taxation.

What is Form 29B?

Form 29B is a statutory audit form under Section 115JB that provides a detailed computation of book profit as per the financial statements prepared under the Companies Act. It confirms whether the company has correctly calculated MAT and complies with the adjustments required under Explanation 1 to Section 115JB(2) of the Income-tax Act.

This form is certified by a Chartered Accountant and submitted electronically with the company’s income tax return using a digital signature.

Who is Required to File Form 29B?

Form 29B must be filed by:

• All domestic companies liable to pay Minimum Alternate Tax (MAT)
• Foreign companies with a permanent establishment in India, subject to MAT
• Companies whose total tax payable under normal provisions is lower than MAT liability

Filing Form 29B is mandatory for every company falling under the purview of MAT, regardless of industry type or company size.

Key Objective of Form 29B

The main objective of Form 29B is to ensure that companies compute and pay the Minimum Alternate Tax accurately. It helps tax authorities verify the book profits as calculated by the taxpayer and ensures that necessary additions and deductions have been made in accordance with the law.

How to Calculate Book Profit for MAT?

Book profit is calculated based on net profit as shown in the Profit and Loss Account prepared in accordance with the Companies Act, with certain adjustments including:

• Addition of provisions for income tax, deferred tax, reserves, etc.
• Deduction of income exempt under Section 10, depreciation differences, and specific receipts

Once the adjusted book profit is calculated, MAT is levied at 15% of that amount (plus applicable surcharge and cess).

Download Form 29B Schema

The Income Tax Department provides a downloadable schema for Form 29B, which is essential for software-based validation of electronic submissions. This ensures consistency in data format and helps e-filing platforms validate information before submission.

🔗 Form Schema (12.8 KB): Download Form Schema ZIP

📅 Date of First Release: 09-Aug-2022

📅 Date of Latest Release: 25-Mar-2025

Download Schema Change Document

The schema change document outlines version-wise updates and modifications to the Form 29B structure. This is important for tax software developers, professionals, and corporates relying on automated tools for filing tax reports.

🔗 Schema Change Document (137 KB): Download Schema Change PDF

📄 Version: 1.3

Steps to File Form 29B

1. Prepare audited financial statements as per the Companies Act.
2. Calculate net profit and adjust per Section 115JB for additions/deductions.
3. Compute book profit and calculate MAT (15% + surcharge/cess).
4. Download the latest schema and validate your data using a utility or e-filing portal.
5. Get the report certified by a Chartered Accountant (digitally signed).
6. Upload the XML file or online form on the income tax e-filing portal.

When to File Form 29B?

Form 29B should be filed before the due date of filing the income tax return for the relevant assessment year. Generally, the due date is:

• 31st October of the assessment year – for companies subject to audit

Failure to file Form 29B on time may lead to disallowance of MAT credit and penalty implications under the Income-tax Act.

Benefits of Filing Form 29B

• Ensures compliance with MAT provisions
• Allows companies to claim MAT credit in future years
• Avoids penalties and notices for under-reporting of income
• Standardizes reporting and aids in smooth tax assessments

Common Errors to Avoid

• Using outdated schema versions
• Incorrect profit adjustments under Section 115JB
• Failure to validate and digitally sign the form
• Late submission of Form 29B

Using the correct schema and version ensures that the XML file generated is successfully accepted by the e-filing system, avoiding rejection and resubmission.

Conclusion

Form 29B is an essential compliance requirement for companies under the MAT regime. It ensures that companies with book profits contribute a minimum level of tax to the government. Filing the report accurately and on time is not only a legal requirement but also helps build credibility with tax authorities and financial institutions.

With digital compliance being the norm, companies must download and use the correct Form 29B schema and schema change document provided by the Income Tax Department. Keeping your Chartered Accountant in the loop and maintaining accurate records are key to smooth, penalty-free compliance under Section 115JB.

Form 15CB: Certificate of an Accountant – Purpose, Download & Filing Process

Form 15CB is a crucial compliance document under the Indian Income Tax Act. It is a certificate issued by a Chartered Accountant (CA) that verifies the details of a foreign remittance to ensure the payment is not liable to tax or that applicable taxes have been deducted. Form 15CB is generally filed before Form 15CA and is required for certain types of remittances made to non-residents.

In this guide, we’ll explore everything about Form 15CB including who needs it, when it is required, how to download the utility, and the role of the accountant in the certification process. This is based on the official release by the Income Tax Department.

What is Form 15CB?

Form 15CB is a certificate from a Chartered Accountant under Section 195 of the Income Tax Act, 1961. It certifies that the necessary tax has been deducted on payments made to a non-resident or a foreign company. The form includes information such as the nature and purpose of the remittance, applicable Double Taxation Avoidance Agreement (DTAA), and rate of Tax Deducted at Source (TDS).

This form is mandatory for foreign remittances where Form 15CA (Part C) is to be submitted. The certificate helps the Income Tax Department track foreign transactions and ensure proper tax compliance.

When is Form 15CB Required?

Form 15CB is required when:

• A remittance is made to a non-resident (excluding individual payments under certain limits)
• The remittance amount exceeds ₹5 lakh in a financial year
• Tax deduction is applicable and needs to be certified by a CA
• It is not covered under the list of payments specified in Rule 37BB (which are exempted)

For amounts under ₹5 lakh, only Form 15CA (Part A or B) may be required. However, for higher amounts and complex remittances, Form 15CB is mandatory.

Who Can Issue Form 15CB?

Only a qualified Chartered Accountant who is registered with the Institute of Chartered Accountants of India (ICAI) and authorized to practice can issue Form 15CB. The accountant verifies:

• Details of remitter and remittee
• Nature and purpose of remittance
• Amount of remittance and currency details
• Applicability of DTAA and relevant article
• Rate and amount of TDS deducted

The CA digitally signs and uploads the form to the e-Filing portal of the Income Tax Department.

Download Form 15CB Utility

The Income Tax Department provides an official utility in ZIP format for generating and filing Form 15CB. It ensures correct structure and validation while creating the form.

🔗 Form Utility (537 KB): Download Utility ZIP

This utility helps accountants fill in all required fields before uploading to the e-Filing portal.

Download Form Schema

The schema defines the structure of the Form 15CB JSON file. This is required when generating files manually or validating the structure before submission.

🔗 Schema File (12 KB): Download Schema ZIP

📅 Date of First Release of Schema: 02-Oct-2021

Step-by-Step Filing Process for Form 15CB

1. The remitter contacts a CA to initiate the Form 15CB preparation.
2. The CA downloads the utility and fills in details about the remitter, remittee, payment, and applicable TDS.
3. The CA signs the form digitally and generates a JSON/XML file.
4. This file is uploaded to the Income Tax e-Filing portal using the CA’s login.
5. Once successfully uploaded, Form 15CA (Part C) can be submitted by the remitter based on the 15CB certificate.

Purpose and Importance of Form 15CB

The primary purpose of Form 15CB is to ensure that taxes are properly deducted before sending money abroad. It is a safeguard for the Income Tax Department to monitor cross-border payments and prevent revenue leakage.

Additionally, Form 15CB brings credibility to the remittance process because it is certified by a professional accountant and based on a detailed legal and financial examination.

Form 15CB vs Form 15CA

Form 15CA	Form 15CB
Self-declaration form by the remitter	Certificate issued by a Chartered Accountant
Required for most foreign remittances	Required when remittance exceeds ₹5 lakh and tax is deductible
Filed by the taxpayer	Filed by the CA
Includes nature of payment and TDS details	Includes detailed verification of tax compliance

System Requirements for Using Form 15CB Utility

• Microsoft Excel 2010 or later (if using Excel-based utility)
• Updated web browser (e.g., Edge, Chrome)
• Digital Signature Certificate (DSC) for CA login
• Internet access for uploading and verifying form

Things to Keep in Mind

• Always refer to the latest utility and schema from the Income Tax website
• Ensure correct PAN, TAN, and remittance code
• Cross-check DTAA provisions if applicable
• Do not skip uploading Form 15CB before submitting Form 15CA Part C

Conclusion

Form 15CB plays an essential role in the foreign remittance process by ensuring that applicable taxes are correctly assessed and deducted. It brings a layer of scrutiny and professional certification to international transactions made from India. Whether you're a CA or a business making cross-border payments, understanding the compliance requirements and using the correct utility and schema files are critical to avoid errors and penalties.

Download the latest Form 15CB utility and schema directly from the Income Tax portal, and consult a registered Chartered Accountant to ensure smooth and accurate filing.

Form 15CA: Download Utility & Complete Guide to Filing for Foreign Remittances from India

Form 15CA: Complete Guide to Filing for Foreign Remittances from India

Form 15CA is a crucial compliance requirement under the Indian Income Tax Act, 1961. It mandates any person making a payment to a non-resident (not being a company) or to a foreign company to furnish information related to such payment. Whether you are an individual, business entity, or organization involved in foreign transactions, understanding and filing Form 15CA correctly is essential to avoid penalties and ensure smooth remittance.

This detailed guide explains everything you need to know about Form 15CA – when and why it is needed, how to file it using the official utility, schema downloads, and a step-by-step filing process using the e-Filing portal.

What is Form 15CA?

Form 15CA is a declaration form under Section 195 of the Income Tax Act that needs to be submitted before making payments to non-residents. It is used to track and regulate foreign remittances and ensure tax compliance.

This form is typically submitted online through the Income Tax e-Filing portal and often precedes the filing of Form 15CB (certificate from a Chartered Accountant), though Form 15CB may not always be necessary depending on the amount and nature of remittance.

Who Should File Form 15CA?

The form must be filed by any resident (individual, company, or other entity) making payments to:

• A non-resident individual
• A foreign company
• Any foreign entity receiving taxable payments from India

Whether the remittance is taxable in India or not, the reporting obligation under Form 15CA may still apply. In some cases, Form 15CB is required before filing Form 15CA.

Why is Form 15CA Required?

The main purpose of Form 15CA is to ensure that taxes are collected at the source before money leaves the country. It helps the Income Tax Department monitor foreign transactions and assess whether appropriate tax deductions have been made under Section 195.

Even if the income is not chargeable to tax in India, Form 15CA must be submitted to document that fact, unless specifically exempted by law or under RBI guidelines.

Different Parts of Form 15CA

Form 15CA is divided into four parts, depending on the nature and amount of remittance:

• Part A: Where the remittance is below ₹5 lakh during the financial year and is chargeable to tax
• Part B: Where the remittance exceeds ₹5 lakh and Form 15CB is obtained
• Part C: Where the remittance exceeds ₹5 lakh and is not chargeable to tax
• Part D: Where remittance is not chargeable to tax and falls under the specified list in Rule 37BB

It’s important to choose the correct part based on the specific nature of your transaction.

Download Form 15CA Utility

To simplify filing, the Income Tax Department provides an Excel-based offline utility to prepare and generate a JSON file for Form 15CA. The JSON can then be uploaded to the e-Filing portal.

🔗 Download Link: Form 15CA Utility ZIP – 577 KB

Always extract the ZIP file before opening the Excel utility. Enable macros in Excel for proper functionality.

Download Form 15CA Schema

The schema outlines the structure for Form 15CA’s data and is essential for developers and finance professionals who need to validate the form against the correct format.

🔗 Download Link: Form 15CA Schema ZIP – 17 KB

First Release Date: Notified by the Income Tax Department

Ensure you use the latest schema version to avoid file rejections during submission.

Step-by-Step Guide to Filing Form 15CA Online

1. Download the latest utility from the official Income Tax website and open it in Excel.
2. Fill in all necessary details such as PAN, remitter and remittee details, nature of remittance, amount, and applicable TDS.
3. Select the correct Part (A, B, C, or D) based on your transaction type.
4. Validate the form and generate a JSON file.
5. Login to the Income Tax e-Filing Portal.
6. Go to “e-File” → “Income Tax Forms” → “File Income Tax Forms.”
7. Select “Form 15CA” and upload the generated JSON file.
8. Submit the form using either DSC (Digital Signature Certificate) or EVC (Electronic Verification Code).

You will receive an acknowledgment after successful submission. Save it as proof of compliance, especially when submitting documents to the bank.

When is Form 15CB Required?

Form 15CB is a certificate from a Chartered Accountant certifying the details of the remittance. It is mandatory if:

• The payment exceeds ₹5 lakh in a financial year
• The remittance is chargeable to tax

Form 15CB must be obtained and filed before submitting Form 15CA Part B. However, for certain non-taxable transactions or those covered under Rule 37BB, Form 15CB is not required.

Documents Required for Filing

• PAN of the remitter
• Bank details of remitter and remittee
• Purpose of remittance
• Amount of remittance
• DTAA (Double Tax Avoidance Agreement) certificate if applicable
• Form 15CB (if required)

System Requirements

Before using the Excel utility, ensure your system meets the following requirements:

• Windows 7 or later (64-bit preferred)
• Microsoft Excel 2010 or later
• Edge browser must be installed (required for utility functionality)
• Active internet connection

Enable macros in Excel to allow the utility to generate the JSON file.

Penalty for Non-Filing of Form 15CA

Failure to submit Form 15CA before remitting funds abroad can attract heavy penalties:

• Penalty under Section 271-I: ₹1 lakh for non-filing
• Bank may refuse to process the remittance without a valid Form 15CA
• Scrutiny or assessment from the Income Tax Department for unexplained foreign payments

Tips for Filing Form 15CA Smoothly

• Ensure accuracy of all details – especially PAN, name, and purpose of remittance
• Choose the correct part (A, B, C, D) to avoid rejection
• Always validate your JSON file before upload
• Use the latest utility and schema from the Income Tax Department
• Seek professional help if unsure about the taxability of your transaction

Conclusion

Form 15CA is an essential declaration for anyone making foreign remittances from India. It helps ensure tax compliance and prevents misuse of foreign exchange facilities. Whether you are remitting funds for investment, professional services, royalties, or personal transfers, filing Form 15CA accurately is mandatory.

Use the downloadable utility and schema provided above to prepare your form offline. Follow the step-by-step instructions to upload your form securely and on time. Avoid penalties and ensure a smooth transaction by staying compliant with all the procedural and legal requirements of the Income Tax Act.

Form 10BB Audit Report (AY 2023–24 Onwards): Filing Guide, Utility Download & Schema Details

Form 10BB is an important audit report under the Income Tax Act, 1961, specifically applicable to certain charitable institutions, trusts, educational bodies, and hospitals claiming exemption under section 10(23C) or section 12A. From Assessment Year 2023–24 onwards, it is crucial for smaller institutions whose income is below the basic exemption limit but who are still required to maintain audited records to file Form 10BB.

This detailed guide provides you with everything you need to know about Form 10BB – who needs to file it, when and how to file, download links for the latest utility and schema, how to avoid errors, and best practices for compliance.

What is Form 10BB?

Form 10BB is an audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of sub-section (1) of section 12A of the Income Tax Act, 1961. It is meant for funds, institutions, universities, educational bodies, and medical institutions that fall under these provisions and are required to submit a simplified audit report.

This form is distinct from Form 10B, which is applicable when total income (before claiming exemption) exceeds the basic exemption limit. Form 10BB is typically used for cases where total income does not exceed the maximum amount not chargeable to tax.

Who Should File Form 10BB?

Form 10BB must be filed by:

• Funds, charitable trusts, or institutions that are registered under section 12AB and whose total income is below the basic exemption limit before claiming benefits under sections 11 and 12
• Universities and other educational institutions seeking exemption under section 10(23C)(iv), (v), (vi), or (via), where income remains below taxable limits
• Medical institutions and hospitals covered under similar exemption clauses

Even if these institutions are not liable to pay tax due to exemption, they must still maintain proper books of account and file this audit report to retain their status.

Due Date to File Form 10BB

The due date to file Form 10BB is aligned with the income tax return filing date, generally by 31st October of the relevant assessment year. Timely filing ensures uninterrupted exemption benefits and avoids non-compliance penalties.

It is highly recommended to complete the filing well before the deadline to accommodate time for corrections or revisions if needed.

Download Form 10BB Utility

The Income Tax Department provides an Excel-based offline utility for preparing and submitting Form 10BB audit reports. This tool helps generate a JSON file that can be uploaded directly to the income tax portal.

🔗 Download Link: Form 10BB Utility ZIP (Version 1.4) – 115 MB

First Released: 11-Oct-2023

Latest Version Released: 01-Apr-2025

Always download the latest version to ensure compatibility and avoid schema mismatches during upload.

Download Form 10BB Schema

The schema file outlines the data structure and validation rules for JSON submission. It's especially useful for developers and accountants to ensure their submissions meet technical standards.

🔗 Download Link: Form 10BB Schema ZIP – 17 KB

First Released: 21-Sep-2023

Latest Schema Update: 13-Aug-2024

Download Schema Change Document

The schema change document helps users understand what modifications have been made to the structure of the form and ensures they are using the correct version for validation and submission.

🔗 Download Link: Schema Change Document PDF (Version 1.6) – 194 KB

System Requirements for Utility

Ensure your system is properly configured to run the utility without errors:

• Operating System: Windows 7 or later (64-bit preferred)
• Microsoft Excel 2010 or later (Excel macros must be enabled)
• Microsoft Edge browser must be installed on your system
• Active internet connection and latest Windows updates recommended

Extract the utility ZIP file before use, and avoid opening the file directly from the archive to prevent malfunction.

How to File Form 10BB – Step-by-Step Process

1. Download and extract the latest utility from the official link above.
2. Open the utility in Microsoft Excel and enable macros when prompted.
3. Enter the assessment year and select the appropriate form type (Form 10BB).
4. Fill in all necessary details about the trust/institution, including PAN, registration details, income particulars, and financial activities.
5. Use the “Validate” option to ensure data accuracy.
6. Generate a JSON file using the utility after successful validation.
7. Login to the Income Tax e-Filing Portal.
8. Navigate to “e-File” → “Income Tax Forms” → “File Income Tax Forms.”
9. Select Form 10BB from the list and upload the generated JSON file.
10. Submit the form using a Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).

You will receive an acknowledgment upon successful submission, which should be saved for your records.

Key Components in Form 10BB

Form 10BB includes a condensed version of financial and statutory details compared to Form 10B, such as:

• Identification details of the fund or institution
• Sources and application of funds
• Compliance with conditions under Section 10(23C) or 12A
• Breakdown of income and expenditure
• Confirmation of objectives and activities carried out

Although simpler than Form 10B, accuracy is equally important to avoid rejection or future audit scrutiny.

Common Mistakes to Avoid

• Using outdated utility versions — always download the latest version from the official portal
• Submitting incorrect or invalid PAN/registration details
• Skipping validation checks before generating the JSON file
• Not installing Microsoft Edge, which is mandatory for utility operation
• Uploading the wrong form type (Form 10B instead of 10BB)

Recheck your details thoroughly before final submission to avoid delays and penalties.

Consequences of Late or Non-Filing

If Form 10BB is not filed within the prescribed deadline:

• The entity may lose its tax-exempt status for the respective financial year
• Exempt income may become taxable
• The institution may become ineligible for future registration renewals under section 12AB
• Penalties under section 271B may also apply

Filing Form 10BB accurately and on time is therefore not just a formality but a legal requirement.

Form 10B vs. Form 10BB – Key Differences

Though similar in nature, these forms cater to different situations:

• Form 10B: Required when income before claiming exemption exceeds the basic exemption limit
• Form 10BB: Used when income remains within the exemption threshold

Make sure you select the correct form as per your institution’s financials and applicable law to avoid rejection.

Tips for Smooth Filing

• Maintain clean and organized accounting records throughout the financial year
• Reconcile all income and expenses with bank and donation statements
• Ensure all previous year’s audit reports have been filed
• Have your DSC or EVC ready and active before uploading the form
• Cross-verify PAN, registration dates, and exemption clauses before final submission

Having a professional chartered accountant prepare or review the form is highly recommended for accuracy and compliance.

Conclusion

Form 10BB plays a vital role for smaller charitable institutions and exempt organizations by helping them maintain compliance with the Income Tax Act without the burden of a full audit report like Form 10B. With the utility provided by the Income Tax Department and regular schema updates, the filing process has become smoother and more accessible.

Be sure to use the latest versions of utilities and schema files linked above. Filing on time, with proper validations, ensures continued exemption and avoids unnecessary penalties or scrutiny.

Form 3CA-3CD & 3CB-3CD Offline Utility (AY 2024–25): Download, Filing Guide & FAQs

If you're a tax auditor, CA, or a business owner required to file a tax audit report under Section 44AB of the Income Tax Act, 1961, then this guide to the Common Offline Utility for Form 3CA-3CD and 3CB-3CD is for you. Learn how to download the utility, prepare the audit reports, and submit them using the latest tools provided by the Income Tax Department for the Assessment Year 2024–25.

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📌 What is Form 3CA-3CD?

Form 3CA-3CD is used when a person’s accounts have already been audited under any other law (like the Companies Act). It contains:

• Form 3CA: Audit report under Section 44AB
• Form 3CD: Statement of particulars as required under the same section

This form is commonly filed by companies, LLPs, or entities that are already under a legal audit mandate.

📌 What is Form 3CB-3CD?

Form 3CB-3CD is applicable when the taxpayer is required to get their accounts audited specifically for income tax purposes (i.e., when not already covered under another audit law). It consists of:

• Form 3CB: Independent audit report for tax purposes
• Form 3CD: Statement of particulars under Section 44AB

Generally used by proprietors, professionals, freelancers, and partnership firms.

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🛠️ Common Offline Utility – Download & Usage

The Income Tax Department has released a Common Offline Utility to facilitate filing both types of audit reports (3CA-3CD and 3CB-3CD). This utility allows auditors to prepare the forms offline and upload them as JSON files to the portal.

📥 Download Form Utility (Version 1.3.3 – 112 MB)

Click here to download the Common Offline Utility (ZIP)

Latest Release: 15-Oct-2024

First Release: 10-Sep-2021

📥 Download Form Schema (79 KB)

Download Form Schema ZIP

Last updated: 23-Apr-2024

📥 Schema Change Document (PDF – 499 KB)

View Schema Change Document (PDF)

📊 Webinar PPT for Filing Forms

Download Webinar PPT (Held on 13-Sep-2024)

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💻 System Requirements

• 💡 Microsoft Edge browser must be installed before using the utility.
• Windows OS with Microsoft Excel (2013 or later)
• Enable macros for the utility to function properly
• Unzip the downloaded file before use

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📝 How to Use the Common Offline Utility?

1. Download the ZIP file and extract all files
2. Open the Excel-based utility (.xlsm file)
3. Choose Form 3CA-3CD or 3CB-3CD as applicable
4. Enter taxpayer details, audit information, and financial particulars
5. Use built-in validation tools to fix any errors
6. Click on "Generate JSON" after successful validation
7. Login to the e-filing portal → Upload JSON under 'e-Verify → View/Upload Forms'

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📅 Due Date for Filing Form 3CA/3CB-3CD (AY 2024–25)

The last date for filing audit reports under Section 44AB is usually 30th September following the end of the financial year (unless extended by CBDT).

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📌 Key Features & Benefits

• Offline mode – Reduce portal dependency
• Auto validation of key fields before submission
• Reduces data entry errors with built-in logic
• Helps in quick filing for multiple clients

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📚 FAQs & Troubleshooting

1. What if I don’t install Microsoft Edge?

The utility will not work unless Microsoft Edge is installed. Ensure it is updated before using the Excel utility.

2. Can I use this utility for earlier assessment years?

No, this utility is designed for AY 2024–25. For earlier years, use the appropriate version available on the Income Tax website.

3. What is the difference between 3CA and 3CB?

Form 3CA is for audits already done under another law (e.g., Companies Act), while 3CB is for standalone tax audits done only for income tax compliance.

4. Where do I upload the JSON file?

After generating the JSON, log in to https://www.incometax.gov.in/iec/foportal → Go to e-File → Income Tax Forms → Upload Forms.

5. Can I revise the Form 3CD once uploaded?

Yes, but only before processing by CPC. You'll need to prepare a revised JSON file and upload it again.

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Final Thoughts

The Common Offline Utility for Form 3CA-3CD and 3CB-3CD makes the audit filing process smoother and more efficient for both auditors and businesses. By ensuring that you are using the latest version and following validation rules, you can prevent filing errors and stay compliant with tax regulations.

Form 10B Audit Report (AY 2023–24 Onwards): Complete Filing Guide, Utility Download & Instructions

Form 10B is a crucial compliance document for charitable institutions, funds, educational institutions, and hospitals that claim exemption under Section 10(23C) or Section 12A of the Income Tax Act, 1961. It is an audit report required to be submitted by such entities to establish proper maintenance of accounts and compliance with the provisions of the Income Tax Act.

This post provides complete information on who should file Form 10B, how to download and use the latest Excel utility, schema updates, step-by-step filing instructions, and other essential points for Assessment Year (AY) 2023–24 onwards.

What is Form 10B?

Form 10B is an audit report required under clause (b) of the tenth proviso to section 10(23C) and section 12A(1)(b)(ii) of the Income Tax Act, 1961. It applies to entities such as:

• Charitable Trusts and Institutions
• Educational Institutions or Universities
• Hospitals or Medical Institutions
• Funds or Institutions approved under section 10(23C)

This form ensures the entity maintains proper accounts and utilizes its income in line with the objectives and rules of the exemption it claims.

Who is Required to File Form 10B?

The following categories of taxpayers are required to file Form 10B:

• Trusts or institutions registered under section 12AB and whose income exceeds the basic exemption limit without giving effect to sections 11 and 12
• Entities approved under section 10(23C)(iv), (v), (vi), or (via) and having income above the exemption limit
• Educational institutions and medical institutions receiving funding and claiming income tax exemption

These entities must file the audit report in Form 10B before filing their income tax return under ITR-7.

When to File Form 10B?

Form 10B should be filed on or before the due date of filing the income tax return under section 139(1), i.e., generally by 31st October of the relevant assessment year.

Filing it before the deadline is mandatory to claim tax exemption. A delay may result in the denial of exemption or application of penal consequences.

Download Form 10B Offline Utility (Latest Version)

The Income Tax Department provides an Excel-based utility to file Form 10B offline. After preparing and validating the data, the user can generate a JSON file and upload it to the e-Filing portal.

🔗 Download Link: Form 10B Offline Utility ZIP (Version 1.4) – 115 MB

First Release: 24-Aug-2023

Latest Update: 01-Apr-2025

Download Form 10B Schema

The JSON schema provides the format in which the data should be structured for validation and successful submission.

🔗 Download Link: Form 10B Schema ZIP – 34.2 KB

First Release: 08-Sep-2023

Latest Update: 25-Mar-2025

Download Schema Change Document

This document outlines the changes made in schema versions over time. It is especially useful for software developers and auditors handling bulk filing.

🔗 Download Link: Schema Change Document PDF (Version 1.4) – 175 KB

System Requirements for Using the Utility

Before installing and using the Form 10B utility, ensure the following prerequisites are met:

• Operating System: Windows 7 or above (64-bit recommended)
• Microsoft Excel: 2010 and later versions with macros enabled
• Microsoft Edge browser installed and updated
• Latest Java Runtime Environment (JRE) if required by utility
• Extract the ZIP file before launching the utility

Note: Without Microsoft Edge, the utility will not function as expected.

Steps to File Form 10B Using the Excel Utility

Follow the step-by-step procedure to prepare and submit Form 10B using the offline utility:

1. Download the latest utility ZIP file and extract it to a folder on your desktop.
2. Open the Excel-based utility file and enable macros.
3. Select the assessment year and choose to file Form 10B.
4. Enter basic details of the trust or institution, including PAN, registration number, and nature of activity.
5. Fill in audit-related data including income received, utilization of funds, capital assets acquired, and application of income.
6. Use the ‘Validate’ button within the utility to check for any data errors or mandatory fields left blank.
7. After successful validation, click “Generate JSON” to create the file for upload.
8. Login to the e-Filing portal using the credentials of the authorized signatory.
9. Navigate to e-File → Income Tax Forms → File Income Tax Forms and select Form 10B.
10. Upload the generated JSON file and verify using DSC or EVC.

This entire process allows bulk preparation and error-free submission by professionals or institutional tax filers.

Important Sections Covered in Form 10B

Form 10B consists of multiple key schedules and clauses covering various dimensions of the trust or institution's financial operations, such as:

• General information and nature of activities
• Application of income towards charitable or religious purposes
• Utilization of voluntary contributions and corpus
• Details of property held, capital expenditure, depreciation, etc.
• Foreign contributions and donations, if applicable
• Compliance with Section 11, 12, 13, and 10(23C) clauses

The form is designed to ensure transparency and traceability of financial records in exempt organizations.

Penalties for Non-Filing or Late Filing

Filing Form 10B on time is mandatory. If an eligible entity fails to submit the audit report within the prescribed due date:

• Exemption under section 11 or 12 may be denied
• Exemption under section 10(23C) may not be granted
• Penal consequences under section 271B for failure to get accounts audited

Therefore, timely preparation and filing of Form 10B is essential to maintain tax exemption status.

Common Errors and Troubleshooting

Here are some common errors users face while using the Form 10B offline utility:

• Error: Microsoft Edge not installed – Download and install Edge browser
• Macros not enabled – Ensure Excel macros are allowed in Trust Center settings
• Invalid data format – Follow the schema and field validations precisely
• Failed JSON upload – Ensure JSON was generated from the latest version of the utility
• Missing mandatory fields – Use the Validate button before generating JSON

Refer to the schema and schema change document to understand new validations or removed fields.

When to Use Form 10B vs Form 10BB

There is often confusion between Form 10B and Form 10BB. Here's how they differ:

• Form 10B: Used when total income exceeds the basic exemption limit before claiming exemption
• Form 10BB: Used by institutions where income is below the basic exemption limit

Ensure that you choose the correct form based on your entity's financial status.

Additional Tips for Filing Form 10B

• Double-check PAN, registration number, and section codes
• Ensure the auditor's details and membership number are correctly entered
• Maintain supporting documentation such as bank statements, ledgers, etc.
• Use the latest version of the utility and schema for accurate processing
• Coordinate with your chartered accountant for final review and digital signature

Filing Form 10B accurately ensures smooth compliance and continued exemption benefits under the Income Tax Act.