FORM No. 27BA for Form for Furnishing Accountant Certificate. FORM No. 27BA is a certificate from Chartered Accountant certifying that the buyer has fulfilled all the conditions mentioned in the first proviso to sub-section (6A) of section 206(C) of the Income Tax Act, 1961. If any person responsible for collecting tax in accordance with the provisions of this section does not collect the whole or any part of the tax or after collecting, fails to pay the tax as required by or under this Act, he shall, without prejudice to any other consequences which he may incur, be deemed to be an assessee in default in respect of the tax. Provided that no penalty shall be charged under section 221 from such person unless the Assessing Officer is satisfied that the person has without good and sufficient reasons failed to collect and pay the tax. Without prejudice to the provisions of sub-section (6), if the person responsible for collecting tax does not collect the tax or after collecting the tax fails to pay it as required under this section, he shall be liable to pay simple interest at the rate of one per cent per month or part thereof on the amount of such tax from the date on which such tax was collectible to the date on which the tax was actually paid 92[and such interest shall be paid before furnishing the quarterly statement for each quarter in accordance with the provisions of subsection (3).
FORM No. 27BA
[See rule 37J]
Form for furnishing accountant certificate under first proviso to sub-section (6A) of section 206C of the Income-tax Act, 1961
am the person responsible for collecting tax under section 206C in the case of (name of the seller/licensor/
with PAN # (PAN of the seller/licensor/ lessor)
and TAN (TAN of the seller licensor/lessor)
located at (address of the seller/licensor/lessor)
I do hereby state that I, being the person responsible for collecting tax had received from debited to the account of (name of the buyer/licensee/lessee)
a sum of
rupees without collection of whole or any part of tax.
A certificate from accountant certifying that the buyer/licensee/lessee has fulfilled all the conditions mentioned in the first proviso to sub-section (6A) of section 206C of the Income-tax Act, 1961 is enclosed as Annex ‘A’ to this Form.
I, further, state that the interest under sub-section (7) of section 206C amounting to
rupees for non-collection short collection of tax
* has been paid by me, the details of which are as under:-
BSR Code/**24G Receipt Number (first seven digits of BIN)
Challan Serial Number/**DDO Serial Number (last five digits of BIN)
Date of deposit through challan/* *date of transfer voucher
*has not yet been paid by me.
Certificate of accountant under first proviso to sub-section (6A) of section 206C of the Income-tax Act, 1961 for certifying the furnishing of return of income, payment of tax etc. by the buyer/licensee/lessee
I/We* hereby confirm that I/we* have examined the relevant accounts, documents and records of (name and address of the buyer/licensee/lessee with PAN)
for the period
and hereby certify the following:
(seller/licensor/lessor) has received from or debited following sum to the account of
(buyer/licensee/lessee) without collection of whole or any part of the tax in accordance with the provisions of Chapter -XVII-BB
Nature of Receipt
Date of Receipt or debit
Section under which tax was Collectible
Amount received or debited
Amount tax collectible
Details of amount collected, if any
Date of collection
(ii) The buyer/licensee/lessee, has furnished his return of income for the assessment year
relevant to the receipt referred to in (i) above. The details of return of income filed by the buyer/licensee/lessee are as under –
Date of filing return
Mode of filing i.e. whether e-filed or paper return
Acknowledgement number of return filed
If paper return designation and address of the Assessing Officer
Amount of total taxable income as per return filed
Tax due on the income declared in the return
Details of tax paid
(iii) The buyer/licensee/lessee has taken into account the sum referred to in (i) for computing his taxable income in return of income filed by him, the details of which are as under:-
Payment on which Tax has not been collected
Head of Income under which the payment is accounted for
Gross payment under the head of income under which the payment is accounted for
Amount of taxable income under the head of income under which the payment is accounted for
(iv) It has been ensured that the information furnished is true and correct in all respects and no relevant information has been concealed or withheld
(v) Neither I, nor any of my partners, is a director, partner or an employee of the above mentioned entities or its associated concerns
I/we* fully understand that any statement made in this certificate, if proved incorrect or false, will render me/us* liable for any penal or other consequences as may be prescribed in law or is otherwise warranted.
(Signature and Stamp/Seal of the Signatory)
|Name of the Signatory|
1. *Delete whichever is not applicable.
2. †this certificate is to be given by-
(i) A chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949); or
(ii) Any person, who in relation to any State, is, by virtue of the provisions in sub-section (2) of section 226 of the Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State.