Question 1: Who is required to file Form 27C on E-filing portal, buyer or seller?
Resolution: The Seller is required to file Form 27C on E-filing portal.
Question 2: How can buyer furnish the declaration to seller under section 206C(1A) for obtaining goods without collection of tax?
Resolution: The Buyer is required to manually fill Part-I of form 27C and submit it to the seller.
Question 3: What are the prerequisites for filing of Form 27C?
Resolution: The following are the prerequisites for filing of Form 27C-
Question 4: What is the process to file Form 27C on E filing portal?
Resolution: Following are the steps to file online Form 27C-
Step 1: Seller to login on Income Tax Portal i.e. www.incometax.gov.in using TAN as User ID.
Step 2: Navigate to e-file ——- > Income Tax Forms —-> File Income Tax Forms —-> Persons not dependent on any Source of Income (Source of Income not relevant) —-> Form 27C.
Step 3: Fill the details in “Part I- Details of the buyers” and “Part II- Details of seller, Attachments and Verification”.
Step 4: The seller shall scan and upload part I of the form, received from buyers as attachments under “Part II-Details of seller, Attachments and Verification” of the online form and proceed for filing Form 27C.
Question 5: Which documents/details are required to file Form 27C on e-filing portal?
Resolution: Following documents/ details are required-
Question 6: What is the due date for filing Form 27C?
Resolution: Form No.27C should be filed by the seller on or before 7th day of the next following month in which the declaration is furnished by the buyer.