Income Tax Form 56F for A.Y. 2023-24 available for E-filing

The Central Board of Direct Taxes (CBDT) has enabled the E-filing of Form 56F for A.Y. 2023-24 through online mode via issuing a notification.

Essential Information about the Notification:

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.

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.

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.”.

In the principal rules, in rule 130:

1. in sub-rule (1), the figures and letter“16D”, shall be omitted;

2. in sub-rule (2), the figures and letter“56F”, shall be omitted.

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].

For Official Notification Download the PDF Given Below: