Amendment to Form 3CEFA-Application for opting for safe harbour. more information added under Eligible International Transaction
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 18th July, 2017
INCOME-TAX G.S.R. 891(E).—In exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB 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. (1) These rules may be called the Income-tax (21st Amendment) Rules, 2017.
(2) They shall come into force and shall be deemed to have come into force from the 1st day of April, 2017.
2. In the Income-tax Rules, 1962, in Appendix II, in Form No. 3CEFA, in paragraph 2, under the heading “Eligible International Transaction”-
(I) in Sl. No. 3, –
(i) after item (d), following item shall be inserted, namely:-
“(e) Employee cost in relation to operating expense declared
”;
(ii) the existing items (e), (f) and (g) shall be renumbered as (f), (g) and (h) respectively;
(II) in Sl. No. 4, –
(i) after item (d), the following items shall be inserted, namely:
“(e) Currency of denomination of the amount of loan for each loan transaction
(f) Whether credit rating of AE has been done? If yes, the credit rating rank and the name of the credit rating agency
”;
(ii) the existing items (e) and (f) shall be renumbered as (g) and (h) respectively;
(III) after Sl. No. 9, the following Sl. No. 10 and entities relating thereto shall be inserted, namely:
| Sl No. | Particulars in respect of eligible international transaction | Remarks | |||||
| 1. | Has the eligible assessee entered into any international transaction in respect of receipt of low value-adding intra-group services as referred to in item (x) of rule 10TC? If yes, provide the following details:
(a) Name and address of the associated enterprises (AE) with whom the eligible international transaction has been entered into. |
Yes | No | ||||
| (b) Name of the country or territory in which AE (s) is located. | |||||||
| (c) Whether country or territory is a no tax or low tax country or territory as defined in rule 10TA. | |||||||
| (d) Description of the eligible international transaction. | |||||||
| (e) Amount paid or payable in relation to such transaction. | |||||||
| (f) Mark-up charged in per cent. | |||||||
| (g) Whether transfer price is in accordance with the circumstances specified under rule 10TD. | |||||||
[F. No. 370142/ 20/2017-TPL]
RAJESH KUMAR KEDIA,
Director (Tax Policy and Legislation)
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act…
Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed - ITAT In a…
Order to stock broker through WhatsApp may be considered as legally verifiable record - SEBI SEBI in an informal guidance…
ICAI Guidance Note on Audit of Banks 2026 Edition ICAI has issued 2025 edition of the Guidance Note on Audit…
NHIDCL is hiring CA/CMA and others as Young Professionals – Last date to apply is 14.04.2026 The National Highways and…
Income Tax Rules 2026 notified by CBDT. CBDT has issued Notification No. 22/2026 dated 20.03.2026 to notify the Income-tax Rules,…