The income tax department has issued a set of Frequently Asked Questions (FAQs) for filing of form 3CEB under the Income Tax Act, 1961.
Form 3CEB is report from an accountant to be furnished under section 92E relating to the international transaction(s) and specified domestic transaction(s).
As per the FAQ, the department said that the prerequisites for filing of Form 3CEB are, (a) Taxpayer and CA are registered on the e-Filing portal with valid user ID and password (b) Status of PAN of taxpayer and CA is active (c) Taxpayer has assigned CA for form 3CEB and (d) CA and Taxpayer have a valid and active Digital Signature Certificate.
Regarding the procedure to be followed to file the form, the department stated that “Form uploaded by CA shall be available under “For your action” tab in Taxpayer’s Worklist. Taxpayer may either approve or reject form 3CEB. Once taxpayer approve the form and verify the same, filing of form is considered as Completed.”
“Practicing chartered accountant can generate UDIN through udin.icai.org website. After logging with valid credentials on Income tax portal, user must click ‘View/Update UDIN details’ under “e-file → Income tax Forms” tab to update UDIN,” it said.
With regard to a scenario when Form 3CEB is already submitted by CA but assessee is not able to accept the form with “Form Submission Failed!” error, the department advised the steps to be taken, which include, (a) Assessee should Reject the form filed by CA but pending for acceptance. Reassign the Form to CA. (b) CA should Accept Form request, fill the Form without using special characters not allowed or remove such special characters from already filled Form. (c) Upload Form 3CEB with updated JSON/XML (d) Assessee should Accept the Form submitted by CA.
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