CBDT Mandates E-Filing of Appendix-II Forms

Central Board of Direct Taxes Mandates E-Filing of Appendix-II Forms under Income Tax Rules, 1962

The Central Board of Direct Taxes has issued a new notification mandating the electronic submission of certain forms under the Income Tax Rules, 1962. This CBDT notification contain details the forms listed in Appendix-II of the Income Tax Rules, 1962. These forms must be filed electronically. The e-filing is in accordance with Rule 131(2(1) of the Income Tax Rules, 1962.

Compliance of E-Filing of Appendix-II Forms move to electronic filing aims to make the filing process more efficient Streamlining the Process. The CBDT’s mandate for the electronic filing of Appendix-II forms is part of its broader initiative to digitize the income tax system and enhance efficiency. Electronic filing speeds up the processing of forms and reduces the overall time required for tax-related procedures. Automated systems reduce the likelihood of manual errors, leading to more accurate data submission. Enhanced efficiency and accuracy in the filing process result in better services and a smoother experience for taxpayers.

Appendix-II Forms

Appendix-II forms are part of the Income Tax Rules, 1962, and encompass various forms related to the computation of income, tax deductions, and other compliance requirements. Here are some common forms included in Appendix-II:

• Form 3CA/3CB: Audit report under section 44AB.
• Form 3CD: Statement of particulars required to be furnished under section 44AB.
• Form 3CEB: Report from an accountant to be furnished under section 92E relating to international transactions and specified domestic transactions.

For more detailed information and to download the official notification, click here.

Forms Covered under Appendix-II

This notification specifies that certain forms listed in Appendix-II of the Income Tax Rules, 1962, must be submitted electronically Rule 131(2)(1)  of the Income Tax Rules, 1962. CBDT approval, has mandated the electronic submission and prescribed verification of the following forms:

1. Income tax Form 3CN: Application for notification of an affordable housing project as a specified business under section 35AD.
2. Form 3CS: Application for notification of a semiconductor wafer fabrication manufacturing unit as a specified business under section 35AD .
3. Income tax Form 3CEC: Application for a pre-filing meeting.
4. Form 3CEFB: Application for opting for Safe Harbour in respect of specified domestic transactions.
5. Income tax Form 59: Application for approval of the issue of public companies under section 80C(2)(xix) .
6. Form 59A: Application for approval of mutual funds investing in the eligible issue of public companies under section 80C(2)(xx).

The CBDT’s Notification No. 01/2024-25 specifies that the forms listed in Appendix-II, which will now require electronic filing, cover a broad range of tax-related information, such as: Forms for taxpayers to claim various deductions and exemptions available under the Income Tax Act. this Forms providing details related to income tax assessments. Forms used to furnish information required by the tax department for various purposes.

For more detailed information and to download the official notification, click here.