What is Form 10F of Income Tax Act?

Form 10F is a self-declaration form that non-resident taxpayers must submit to the Indian Income Tax Department to get benefits under the Double Taxation Avoidance Agreement (DTAA). It is filed by individuals and companies earning income from India while living in another country to avoid being taxed twice.

When is Form 10F filed?

Form 10F is filed during the annual filing process by foreign entities or non-resident individuals. It is typically submitted when a foreign entity needs to provide details about its tax residency to the Indian tax authorities, often as part of their income tax return filing.

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Who Should Submit Form 10F?

Anyone falling in the criteria of the following is liable to submit Form 10F:

• Non Resident Indians(NRIs): Those earning rental income, capital gains, dividends, or interest from India. Freelancers or consultants working for Indian companies.
• Foreign Companies: Businesses without a permanent base in India or MNCs earning royalty, technical fees, or other taxable income.
• Other Non-Residents: Foreign trusts, partnerships, and investors earning from Indian stocks, bonds, or mutual funds.

Consequences of not filing Form 10F timely

If a non-resident taxpayer fails to file Form 10F, they may face the following issues:

• Loss of DTAA Benefits: Non residents cannot claim tax exemptions or reduced tax rates.
• Double Taxation: Income may be taxed both in India and the taxpayer’s home country.
• Compliance Issues: Non filing may lead to notices, penalties, or delays in tax refunds.
• Delays in Refunds: Excess TDS deduction can make refund claims slow and complex.

How to File Form 10F Online?

These steps will help you in filing Form 10F with ease:

Step 1. Register on the Income Tax e-Filing Portal

• Visit the Income Tax e-filing portal
• Select ‘Non-residents without PAN’ (if applicable)
• Enter details: name, country of residence, TRC, and contact information
• Upload required documents (TRC, ID & address proof)

2. Obtain a Digital Signature Certificate (DSC)

• Get a DSC from a certified provider
• Register it on the Income Tax portal

3. Complete and Submit Form 10F

• Log in to the portal.
• Go to ‘e-File > Income Tax Forms > File Form 10F’.
• Fill in the details accurately.
• Digitally sign using DSC and submit.