CBDT allows manual filing of Form No 3CF for applicant seeking approval under Sec. 35
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 21 March, 2022
Latest from Taxmann
Circular no. 5/2022, dated 16-03-2022
An assessee can claim deduction under section 35 for the amount contributed to a company for undertaking scientific research. However, such deduction can be claimed if such Company is approved on this behalf. For getting such approval, such a company must make an application in Form 3CF and fulfil the conditions prescribed in this behalf.
Application for approval shall be furnished electronically under the digital signature if the return of income is required to be furnished under the digital signature. In any other case such application shall be furnished electronically through an electronic verification code.
Further, such application shall be verified by the person authorized to verify the return of income.
Due to the non-availability of Form no. 3CF on the e-filing portal, the CBDT has allowed the applicants seeking approval under section 35(1)(ii)/(iia)/(iii) to file Form no. 3CF physically.
The applicant may file Form no. 3CF manually till September 30, 2022, or the date of availability of Form no. 3CF for electronic filing on the e-filing website, whichever is earlier.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
