Report from an accountant to be furnished by persons entering into International Transaction or Specified Domestic Transaction - Section 92E And Rule 10E - International Taxation - Income Tax

Report from an accountant to be furnished by persons entering into International Transaction or Specified Domestic Transaction - Section 92E And Rule 10E Every person who has entered into an international transaction or specified domestic transaction during a previous year shall obtain a report from an accountant (not necessary from statutory auditor) and furnish such report on or before the specified date in the prescribed form i.e. Form No. 3CEB duly signed and verified in the prescribed manner by such accountant and setting forth such particulars as may be prescribed. Such report has to be filed electrically. The scope of examination envisaged by section 92E is restricted to such examination of accounts and records of the assessee relating to the international transaction entered into by the assessee during the previous year under examination. The main report of the chartered accountant consists of three paragraphs which have been summarized as under: The first paragraph contains the declaration by the accountant about examination of the accounts and records of the assessee relating to international transaction entered into during the relevant previous year. The second paragraph involves expression of opinion whether proper information and documents as are required under rule 10D are maintained in respect of such international transaction. The third paragraph requires the expression of opinion whether the particulars given in the Annexure to this report are true and correct. Note:- As per Explanation 2 to section 139(1) w.e.f. A.Y. 2012-13, the due date in case of an assessee who is required to furnish report referred to section 92E shall be 30 th November of the relevant assessment year.