TMI BlogAmendments in Rules 10A, rule 10AB, rule 10B, rule 10C, rule 10D, rule 10E and Substitution Of Form NO.3CEB - Income-tax Rules, 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... 0AB shall be substituted; (ii) the clause (a) shall be renumbered as clause (ab) and before the clause as so renumbered, the following clauses shall be inserted, namely: - (a) associated enterprise shall,- (i) have the same meaning as assigned to it in section 92A ; and (ii) in relation to a specified domestic transaction entered into by an assessee, include --- (A) the persons referred to in clause (b) of sub-section (2) of section 40A in respect of a transaction referred to in clause (a) of sub-section (2) of the said section; (B) other units or undertakings or businesses of such assessee in respect of a transaction referred to in section 80A or, as the case may be, subsection (8) of section 80-IA ; (C) any other person referred to in sub-section (10) of section 80-IA in respect of a transaction referred to therein; (D) other units, undertakings, enterprises or business of such assessee, or other person referred to in sub-section (10) of section 80-IA , as the case may be, in respect of a transaction referred to in section 10AA or the transactions referred to in Chapter VI-A to which the provisions of sub-section (8) or, as the case may be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... domestic transactions, as the case may be, shall be inserted; (b) in clause (d), after the words international transactions , the words or specified domestic transactions shall be inserted; (c) in clause (f), after the words the international transactions , the words or the specified domestic transactions shall be inserted; (d) in clause (g), (I) after the words comparability with the international transactions , the words or the specified domestic transactions shall be inserted; (II) after the words pricing of the international transactions occurring at the end, the words or specified domestic transactions, as the case may be shall be inserted; (e) in clauses (h) and (i),for the words international transaction , the words international transaction or specified domestic transaction shall respectively be substituted; (iv) in sub-rule (2), for the words, brackets and figure Nothing contained in subrule (1) shall , the words, brackets and figure Nothing contained in sub-rule (1), in so far as it relates to an international transaction, shall shall be substituted; (v) in sub-rule (3), in clause (e), after the words international transacti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee 2. Address 3. Permanent account number 4. Nature of business or activities of the assessee* 5. Status 6. Previous year ended 7. Assessment year 8. Aggregate value of international transactions as per books of accounts 9. Aggregate value of specified domestic transactions as per books of accounts * Code for nature of business to be filled in as per instructions for filling Form ITR 6 PART B (International Transactions) 10. List of associated enterprises with whom the ssessee has entered into international transactions, with the following details : (a) Name of the associated enterprise. (b) Nature of the relationship with the associated enterprise as referred to in section 92A(2) . (c) Brief description of the business carried on by the associated Enterprise 11. Particulars in respect of transactions in tangible property. A. Has the assessee entered into any international transaction(s) in respect of purchase/sale of raw material, consumables or any other supplies for assembling or processin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r books of account; (ii) as computed by the assessee having regard to the arm s length price. (e) Method used for determining the arm s length price [ See section 92C(1) ] Yes/No Yes/No Yes/No 12. Particulars in respect of transactions in intangible property : Has the assessee entered into any international transaction(s) in respect of purchase, sale, transfer, lease or use of intangible property including transactions specified in Explanation (i)(b) below section 92B(2) ? If yes provide the following details in respect of each associated enterprise and each category of intangible property : (a) Name and address of the associated enterprise with whom the international transaction has been entered into. (b) Description of intangible property and na ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... regard to the arm s length price. (f) Method used for determining the arm s length price [ See section 92C(1) ] Yes/No 15. Particulars in respect of transactions in the nature of guarantee: Has the assessee entered into any international transaction(s) in the nature of guarantee? If yes, provide the following details: (a) Name and address of the associated enterprise with whom the international transaction has been entered into. (b) Nature of guarantee agreement (c) Currency in which the guarantee transaction was undertaken (d) Compensation/ fees charged/ paid in respect of the transaction (e) Method used for determining the arm s length price [ See section 92C(1) ] Yes/No 16. Particulars in respect of international transactions of purchase or sale of marketable securities, issue and buyback of equity shares, optionally convertible/ partially convertible/ compulsorily convertible debentures/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s not been specifically referred to above,? If yes , provide the following details: (a) Name and address of the associated enterprise with whom the international transaction has been entered into. (b) Nature of transaction (c) Agreement in relation to such business restructuring/ reorganization. (d) Terms of business restructuring/ reorganization. (e) Method used for determining the arm s length price [ See section 92C(1) ]. Yes/No 19. Particulars in respect of any other transaction including the transaction having a bearing on the profits, income, losses or assets of the assessee: Has the assessee entered into any other international transaction(s) including a transaction having a bearing on the profits, income, losses or asset , but not specifically referred to above, with associated enterprise? If yes provide the following details in respect of each associated enterprise and each transaction : (a) Name and address of the associated enterprise with whom the int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Name of person with whom the specified domestic transaction has been entered into. (b) Description of transaction along with quantitative details, if any (c) Total amount paid or payable in the transaction (i) as per books of account; (ii) as computed by the assessee having regard to the arm s length price. (d) Method used for determining the arm s length price [ See section 92C(1) ] Yes/No 23. Particulars in respect of transactions in the nature of transfer or acquisition of any goods or services: A. Has any undertaking or unit or enterprise or eligible business of the assessee [as referred to in section 80A(6) , 80IA(8) or section 10AA )]transferred any goods or services to any other business carried on by the assessee? If yes, provide the following details in respect of each unit or enterprise or eligible business: (a) Name and details of business to which goods or services have been transferred (b) Description of goods or services transferred (c) Amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Has the assessee entered into any other specified domestic transaction(s) not specifically referred to above, with an associated enterprise ? If yes provide the following details in respect of each associated enterprise and each transaction : (a) Name of the associated enterprise with whom the specified domestic transaction has been entered into. (b) Description of the transaction. (c) Amount paid/received or payable/receivable in the transaction (i) as per books of account; (ii) as computed by the assessee having regard to the arm s length price. (d) Method used for determining the arm s length price [See See section 92C(1) ]. Yes/No **Signed Name : Address : Place : _____________ Date : _____________ Notes : **This annexure has to be signed by (i) a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949); or (ii) any person who, in relation to any State, is, by virtue of the provisions in sub-section (2) of section 226 of the Companies Act, 1956 (1 of 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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