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What is Form 3CEAD

What is Form 3CEAD

It is a Country by Country Report. Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of section 286(2) or section 286(4) of Income Tax Act, 1961 read with rules 10DB of Income Tax Rules, 1962

To whom form 3CEAD can be furnished?

This form is also furnished to “Director General of Income Tax (Risk Assessment)” {DGIT(RA)}

Applicability of Form 3CEAD

This form is only applicable for every parent and alternate reporting entity as prescribed by Form 3CEAC. If the alternate entity is not an Indian entity then no need to furnish this form.

 Filing of Form 3CEAD to DGIT(RA)

A report in form 3CEAD shall be furnished to DGIT(RA) on or before the due date for furnishing the return of income as specified in section 139(1).

For Example, the cut-off date is 31st March 2020 for filling form 3CEAD for FY 2018-19.

Information required in form 3CEAD at the time of filling

  • Name, address, and PAN of reporting entity.
  • Whether reporting entity is the parent entity of the international group.
  • Detail of allocation of Income Taxes and Business activity by tax jurisdiction.
  • List of all the constituent entities of the multinational enterprises’ group included in each aggregation per tax jurisdiction.

Find Your 3CEAD Form here: Form 3CEAD