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FORM NO. 3CEA See rule 6H Report of an accountant to be furnished by an assessed under subsection (3) of section 50B of the Income tax Act, 1961 relating to computation of capital gains in case of

How to fill out form no 3cea see

How to fill out Form No 3CEA SE:

1. Start by carefully reading the instructions and guidelines provided with the form. Ensure that you understand the purpose and requirements of the form before proceeding.
2. Begin by entering the basic details in the appropriate sections of the form. This includes providing the name, address, and PAN (Permanent Account Number) of the taxpayer or the company for which the form is being filled.
3. Next, fill in the details of the year for which the form is applicable. This includes mentioning the Assessment Year and Financial Year. Provide accurate information regarding the type of taxpayer, such as an individual, company, or other entity.
4. Move on to section A of the form, which requires information related to the auditors. Provide details such as the name, address, and membership number of the auditor(s) who have conducted the audit. Also, mention the date of the tax audit report and whether any advance tax or self-assessment tax has been paid.
5. Proceed to section B, which deals with details of the person responsible for maintaining the transfer pricing documentation. This includes providing information about the entity responsible for the preparation and maintenance of transfer pricing documentation, such as the name, address, and PAN.
6. In section C, provide a summary of the international or specified domestic transactions and the methods used for determining transfer prices. Be sure to accurately mention the amount of each transaction, currency used, method selected, and the arm's length price correlations.
7. Fill out section D, which requires information related to the selected method for determining transfer prices. This includes providing details of the tested party, details and selection of the comparables, and data sources used for the analysis.
8. Proceed to section E, where specific financial details related to the transactions and transfer pricing are mentioned. This includes providing details about the audited annual accounts of the taxpayer, balance sheet, profit and loss account, and other financial statements.
9. Complete section F by providing details of any pending litigation, disputes, or proceedings related to transfer pricing. Mention the details of any order, demand, or assessment related to transfer pricing, if applicable.
10. Finally, review the form carefully and ensure that all the information provided is accurate and complete. Sign and date the form before submitting it to the appropriate tax authority or attaching it with the income tax return.

Who needs Form No 3CEA SE:

1. Taxpayers engaged in specified domestic or international transactions exceeding certain monetary thresholds are required to fill out Form No 3CEA SE. This form assists in determining the appropriate transfer prices for these transactions.
2. Companies or entities that have undergone a tax audit and have transfer pricing documentation prepared are mandated to fill out this form to report the findings of the audit.
3. The form is necessary for taxpayers who need to adhere to the regulations and guidelines set forth by the tax authority regarding transfer pricing and its documentation. By filling out this form, they ensure compliance with the relevant tax laws and facilitate transparency in transfer pricing practices.

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What is form no 3cea see?

Form no 3CEA is a statement of particulars required to be furnished under section 285B(1) of the Income-tax Act, 1961 for claiming credit of tax deducted at source in the statement of deduction of tax or the return of income, as the case may be.

Who is required to file form no 3cea see?

Form no 3CEA is required to be filed by the person responsible for deducting tax at source or by the employer, as the case may be.

How to fill out form no 3cea see?

Form no 3CEA can be filled out by providing the necessary details of tax deducted at source, the total amount of tax deducted, and other related information as required by the Income-tax Act, 1961.

What is the purpose of form no 3cea see?

The purpose of form no 3CEA is to claim credit of tax deducted at source in the statement of deduction of tax or the return of income.

What information must be reported on form no 3cea see?

Form no 3CEA requires reporting of details of tax deducted at source, total tax deducted, and other relevant information specified under the Income-tax Act, 1961.