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  • Form No 27c In Excel Format Download

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,*son/daughter/wife resident of , do hereby declare 1. that *my/our present occupation is , of , 2. that nature of the goods referred to in the Table in sub-section (1) of section 206C is to be utilised for the purpose of *manufacturing/processing/producing articles or things and not for trading purposes; 3. that *I am/we are assessed to income-tax by the Assessing Officer Circle/Ward.

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27c form excel Questions & Answers

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Form 27C Download Visit the official website of the Income Tax Department of India (incometaxindia.gov.in). Click on “Downloads”. In the drop-down menu, click "Income Tax Forms". Here, you can find the list of all relevant forms that a taxpayer may need. Search for Form 27C in the search bar.

1: Seller to login on Income Tax Portal i.e. .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.

However, if TDS is not applicable for the buyer, then TCS has to be collected by the seller, if other conditions are satisfied. Therefore, to avoid the cascading effect of tax, it is preferable to give a declaration by the buyers to the sellers intimating that the buyer will be deducting the TDS on the purchase value.

Form 27C is a declaration form for non-deduction of TCS by the buyer of goods to the seller. However, As per the Income Tax rule, the seller of the goods must collect tax from the buyer.

Exemptions from TCS The buyer buys the goods for manufacturing for processing, manufacturing, or production but not for trading. When the buyer purchases goods for personal consumption.

It is the responsibility of the seller to file Form 27C on the E-filing portal. The buyer is required to manually fill Part-I of Form 27C and submit it to the seller. For the filing of Form 27C on the E-filing portal, the seller should have an active TAN and it should be registered on the E-filing portal.

Introduction​ The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government.

Section 197A While Section 197 application can be made by any person including corporates, in case of certain specified income category, resident individuals/any person not being firm or company as the case may be, may also submit a self declaration in specified forms (Form 15G/Form 15H) for non-deduction of TDS.

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Keywords relevant to form no 27c in word format

  • lakh
  • 11th
  • false
  • 2008
  • CCIT
  • debiting
  • Declarant
  • CIT
  • utilised
  • prescribes
  • Rupees
  • furnishing
  • evaded
  • allotted
  • applicable
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232