Form 10CCAC, Download Income Tax Form 10CCAC in PDF Format

Form No.10CCAC for Report Relating to the Export Business. Form No.10CCAC must be prepared by A Chartered Accountant. Annexure A of the Form is to be filled up in the cases of the direct exporters, while Annexure B of the form must be filled up in the cases of supporting manufactures.

(1) The report of the audit of the accounts of an assessee, other than a company or a co-operative society, which is required to be furnished under clause (i) of sub-section (3) of section 80HHB shall be in Form No. 10CCA.

(1A) The report of the audit of the accounts of an assessee which is required to be furnished under clause (i) of sub-section (2) of section 80HHBA shall be in Form No. 10CCAA.

(1B) The certificate from an accountant which is required to be furnished by the assessee under clause (ia) of sub-section (3) of section 80HHB shall be in Form No. 10CCAH.

(2) The certificate from the Export House or Trading House which is required to be furnished by the supporting manufacturer under clause (b) of sub-section (4A) of section 80HHC shall be in Form No. 10CCAB.

(2A) The certificate from the undertaking in the Special Economic Zone which is required to be furnished under proviso to sub-section (4) of section 80HHC by an undertaking referred to in sub-section (4C) of that section shall be in Form No. 10CCABA.

(3) The report of an accountant which is required to be furnished by the assessee under sub-section (4) or clause (a) of sub-section (4A) of section 80HHC shall be in Form No. 10CCAC.

(4) The report of the accountant which is required to be furnished by the assessee under sub-section (6) of section 80HHD shall be in Form No. 10CCAD.

(5) For the purposes of section 80HHD, the “prescribed authority” shall be the Director General in the Directorate General of Tourism, Government of India.

(6) The certificate from a person making payment to an assessee, engaged in the business of a hotel or of a tour operator or of a travel agent which is required to be furnished under sub-section (2A) of section 80HHD shall be in Form No. 10CCAE.

(7) The report of an accountant which is required to be furnished by the assessee under sub-section (4) or clause (i) of sub-section (4A)] of section 80HHE shall be in Form No. 10CCAF.

(8) The certificate from the exporting company which is required to be furnished by the supporting software developer under clause (ii) of sub-section (4A) of section 80HHE shall be in Form No. 10CCAG.

(9) The report of an accountant which is required to be furnished by the assessee under sub-section (4) of section 80HHF shall be in Form No. 10CCAI.

FORM NO. 10CCAC

[See rule 18BBA (3)]

Report under section 80HHC (4)/80HHC (4A) of the Income-tax Act, 1961

 

1. I/We
have examined the accounts and records of ____________ [name and address of the assessee with permanent account number] relating to the business of export out of India/sale
to a recognised Export House/Trading House
or sale to an undertaking in the Special Economic Zone in India, of goods and merchandise carried on by the assessee during the year ended on the 31st March.

2. (a)
I/We certify that the deduction to be claimed by the assessee under sub-section (1) of section 80HHC of the Income-tax Act, 1961, in respect of the assessment year __________ is Rs. __________ which has been determined on the basis of the sale proceeds received by the assessee in convertible foreign exchange. The said amount has been worked out on the basis of the details in Annexure A to this Form.


(b)
I/We certify that the deduction to be claimed by the assessee, as supporting manufacturer, under sub-section (1A) of section 80HHC of the Income-tax Act, 1961, in respect of the assessment year __________is Rs ________, which has been determined on the basis of sales to Export House/Trading House
made during the year, in respect of which a certificate has been issued by the Export House/Trading House under the proviso to sub-section (1) of section 80HHC of the Income-tax Act, 1961. The said amount has been worked out on the basis of the details in Annexure B to this Form.

3 I/We, therefore, certify that the total deduction to be claimed by the assessee under section 80HHC in respect of the assessment year ___________ is Rs.

Date:

Signed

Chartered
Accountant

Annexure A

[See paragraph 2(a) of Form No.10CCAC]

Details relating to the claim by the exporter for deduction under section 80HHC of the Income-tax Act, 1961

1.

Name of the assessee

 

2.

Assessment year

 

3.

Total turnover of the business

 

4.

Total export turnover

 

5.

Total profits of the business

 

6.

Export turnover in respect of trading goods

 

7.

Direct cost of trading goods exported

 

8.

Indirect cost attributable to trading goods exported

 

9.

Total of 7 ± 8

 

10.

Profits from export of trading goods [6 minus 9]

 

11.

Adjusted total turnover (3 minus 6)

 

12.

Adjusted export turnover (4 minus 6)

 

13.

Adjusted profits of the business (5 minus 10)

 

14.

Profits derived by assessee from export of goods or merchandise to which section 80HHC applies, computed under sub-section (3) of section 80HHC

 

15.

Export turnover, deduction in respect of which will be claimed by a supporting manufacturer in accordance with proviso to sub-section (1) of section 80HHC

 

16.

Profit from the export turnover mentioned in item 15 above, calculated in accordance with proviso to sub-section (1) of section 80HHC

 

17.

Deduction under section 80HHC to which the assessee is entitled (Item 14 minus Item 16)

 

18.

Remarks, if any.

 

 

Annexure B

[See paragraph 2(b) of Form No.10CCAC]

Details relating to the claim of the supporting manufacturer for deduction under section 80HHC of the Income-tax Act,

1961

 

SECTION A

1.

Name of the assessee

 

2.

Assessment year

 

3.

Total turnover of the business

 

4.

The amount of profit under the head “Profits and gains of business or profession”

 

5.

Total turnover in respect of sale of Export House/Trading House for which certificate is received from Export House/Trading House

 

6.

Profit from the turnover mentioned in item 5 above, computed under sub-section (3A) of section 80HHC

 

7.

Remarks, if any

 

SECTION B

DETAILS OF SALE TO EXPORT HOUSE/TRADING HOUSE

Sl. No.

Name and address of the Export House/Trading House to whom goods or merchandise were sold

Sale Invoice No. and date

Sale price

Invoice No. and date by which Export House/Trading House has exported

Date of certificate issued by the Export House/Trading House under clause (b) of sub-section (4A) of section 80HHC

Amount of disclaimer

1

2

3

4

5

6

7

 

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