What is Form 10CCB?
Form 10CCB is a mandatory requirement to claim deduction under section 80(IB)10. It is compulsory to form that has to be filed along with an audit report with the returned income to claim deduction under section 80(IB)10 of the act.
Income-tax Department has issued a clarification on Form 10CCB to avoid errors in form filing and verification.
Let us understand what are the clarifications that are issued by the Department.
To avoid errors in form filing and verification, kindly ensure that the following points are considered:
1. Please assign Form 10CCB to the respective Chartered Accountant(CA) from ‘My CA‘ functionality.
2. Once CA successfully submits the form, a taxpayer can accept/reject the Form 10CCB under ‘Worklist‘ functionality.
3. In case a CA needs to file multiple forms for the same Assessment Year, the taxpayer must assign the form to the same CA from My CA functionality again. The assignment can only happen when there are no forms that are active for action either by CA or taxpayer.
4. In case the taxpayer needs to assign Form 10CCB to different CAs for the same Assessment Year, the taxpayer must assign the form to a different CA from the “My CA” functionality again. The assignment can only happen when there are no forms that are active for action either by CA or taxpayer. (Same way as mentioned in point 3 must be followed)
