Annual Compliance Report [ Rule 10-O ] - International Taxation - Income Tax

Annual Compliance Report [ Rule 10O ] The assessee is required to file annual compliance report in quadruplicate in Form 3CEF to DGIT(International Taxation) for each year covered in the agreement. Rule 10O governs the tiling of annual compliance report by the assessee. The annual compliance report shall be furnished in quadruplicate. It is required to be filed within 30 days of the due date of filing the income tax return for the relevant to the previous year or within 90 days of entering into an agreement, whichever is later. The DGIT (International Taxation) shall send one copy of annual compliance report to the competent authority in India, one copy to the Commissioner of Income-tax who has the jurisdiction over the income-tax assessment of the assessee and one copy to the Transfer Pricing Officer having the jurisdiction over the assessee. The filing of Annual Compliance report is in addition to the modified return that is required to be filed.