Document text
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 19th October, 2023
INCOME-TAX
G.S.R. 786(E).—In exercise of the powers conferred by sub-section (5) of section 10A read with sub-section
(8) of section 10AA and section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes
hereby makes the following rules further to amend the Income-tax Rules,1962, namely:─
1. Short title and commencement.––(1) These rules may be called the Income-tax (Twenty Sixth Amendment)
Rules, 2023.
(2) They shall be deemed to have come into force from the 29th day of July, 2021.
2. In the Income-tax Rules, 1962 (hereinafter referred to as principal rules), after rule 16CC, the following rule shall
be inserted, namely:––
"16D. Form of report for claiming deduction under section 10AA.—The report of an accountant which is required
to be furnished by the assessee, under sub-section (8) of section 10AA read with sub-section (5) of section 10A shall
be in Form No. 56F.".
3. In the principal rules, in rule 130,–
(a) in sub-rule (1), the figures and letter“16D”, shall be omitted;
(b) in sub-rule (2), the figures and letter“56F”, shall be omitted.
4. In the principal rules, in Appendix II, after Form No.56E [as it stood immediately before its omission by the
Income-tax (21st Amendment) Rules, 2021], the following Form shall be inserted, namely:–
“FORM NO. 56F
[See rule 16D]
Report under section 10AA of the Income -tax Act, 1961
1. I/We * have examined the accounts and records of ____________________________________ (name and address
of the assessee with permanent account number) relating to the business of their Unit named __________ engaged in
the export of articles or things or provision of services during the year ended on the 31st March__________.
2. * I/We certify that the Unit is located at _______________________________________(exact location of the Unit)
registered under _____________________ special economic zone * and that the deduction to be claimed by the
assessee under section 10AA of the Income-tax Act, 1961 in respect of the assessment year __________________ is
Rs.___________________________, which has been determined on the basis of the details in Annexure A to this
Form.
3. I/We * certify that I/We * have collected all the relevant information necessary for computing the deduction
allowable under this section and have verified the same with reference to the accounts and records of the assessee.
4. In my/our * opinion and to the best of my/our * knowledge and according to the explanations given to me/us*, the
particulars given in the Annexure A are true and correct.
Date _________________________
Signed
[भाग II—खण् ड 3(i)]
भारत का रािपत्र : असाधारण
5
† Accountant
Notes:
1. *Delete whichever is not applicable
2. † This report is to be given by a Chartered Accountant within the meaning of the Chartered Accountant Act, 1949
(38 of 1949);
3. Where any of the matter stated in this report is answered in the negative or with a qualification, the report shall state
the reasons therefor.
ANNEXURE A
[See paragraph 2 of Form 56F]
Details relating to the claim by the exporter for deduction under section 10AA of the
Income -tax Act, 1961
1. Name of the assessee
2. Assessment year
3. Name of the Unit
4. Location and address of the Unit
5. Nature of business of the Unit
6. Date of initial registration in SEZ
7. Date of commencement of manufacture or production or provision of services
8. Number of the consecutive year for which the deduction is claimed
9. Total turnover of the business
10. Total turnover of the Unit
11. Total profits derived by the business
12. Total profits derived by the Unit
13. Total export turnover
14. Export proceeds received in convertible foreign exchange of the Unit in
respect of
(a) articles or things, or
(b) provision of services
15. Sale proceeds of the Unit in respect of
(a) articles or things, or
(b) provision of services
16. Please specify
(i)
whether the full consideration in convertible foreign exchange for exports
made by the Unit was brought into India within a period of six months
from the end of the previous year
*Yes/No
(ii)
If not, whether it was brought into India within such further period in the
previous year as allowed by the competent authority
*Yes/No
(iii) Specify the amount and the relevant previous year in case such amount is
brought into India in convertible foreign exchange beyond the period of six
months from the end of relevant previous year and with the approval of the
Competent authority, where such amount relates to any other previous
year. Also state the name of the authority and the period up to which the
approval was accorded
(iv) Amount of sale proceeds, if any, that are credited to a separate account
maintained by the assessee with any bank outside India and the reference
number of Reserve Bank of India according to permission of the same
6
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
17. Amount of deduction under section 10AA to which the assessee is entitled
with the working sheet
18. Qualifications, if any, on the above”.
[Notification No. 91 /2023/F. No. 370142/40/2023-TPL]
AMRIT PRITOM CHETIA, Under Secy.
Explanatory Memorandum : It is certified that no person will be adversely affected by giving retrospective effect to
the Income-tax (Twenty Sixth Amendment) Rules, 2023
Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Subsection (ii)
vide notification number S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification number
G.S.R. 740(E), dated 16th October, 2023.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
