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

FORM NO. 10CCAH for Certificate to Companies Claiming Deduction for Projects outside India under section 80HHB of the Income-tax Act, 1961. FORM NO. 10CCAH is applicable to Indian companies and corporate residents who claim deduction in respect of profit and gains from projects outside India. Report states that amounts credited to Foreign Projects Reserve Account are not utilized for the purposes other than distribution by way of dividend or profits.

(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. 10CCAH

[See rule 18BBA (1B)]

Certificate under clause (IA) of sub-section (3) of section 80HHB of the Income-tax Act, 1961

1. I/We have examined the balance sheet of the business of the execution of ______________ in _________

(Name of the country) carried on by Shri/M/s____________(mention name, address and permanent account number of the assessee) as at ____________and the profit and loss account of the said business for the year ended on that date.

 

2.
I/We have obtained all the information and explanations which to the best of my/our
knowledge and belief were necessary for the purposes of ascertaining the profits of the said assessee derived from execution of foreign project, receipts of which were received by the assessee in convertible foreign exchange.

 

3. I/We also certify that the amounts credited to Foreign Projects Reserve Account, from the year _____________to the year ______________have been utilized for the purposes of business other than for distribution by way of dividend or profits.

4. I/We certify that the deduction to be claimed by the assessee under section 80HHB of the Income-tax Act, 1961 in respect of the assessment year ___________is Rs. _____________ which has been worked out on the basis of the details given in the Annexure to this Form.

5. In my/our
opinion and to the best of my/our
information and according to the explanations given to me/us
the particulars given in the Annexure to this Form are true and correct.

Date

Place

Signed

Chartered Accountant

ANNEXURE

(See paragraph 3 of Form No. 10CCAH)

1. Profits derived from eligible foreign project computed as per sub-section (3) of section 80HHB

Rs.

 

2. The amount equivalent to fifty per cent of item 1 above

Rs.

 

3. Foreign Exchange brought into India by the assessee in accordance with the provision of clause (iii) of sub-section (3) of section 80HHB

Rs.

 

4. The amount credited to Foreign Project Reserve Account as per clause (ii) of sub-section (3) of section 80HHB

Rs.

 

5. Deduction under section 80HHB to which the assessee is entitled

Rs.

 

6. Details of “Foreign Project Reserve Account” showing compliance of clause (ii) of sub-section (3) and sub-section (4) of section 80HHB :

Amount credited

Amount utilized as per sub-section (3)(iii) of section 80HHB

Amount liable to be added back under sub-section (4) of section 80HHB

Assessment Year

Amount (Rs.)

Assessment Year

Amount (Rs.)

Assessment Year

Amount (Rs.)


Date

Signed

Place

Chartered Accountant

 

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