Form 3CEAD – Income Tax Due Date Alert & Compliance Guide

What is Form 3CEAD?

Form 3CEAD is a crucial report required under Section 286 of the Income-tax Act, 1961. It is used for country-by-country (CbC) reporting by parent entities, alternate reporting entities, or other constituent entities in India. The form ensures compliance with international tax transparency and Base Erosion and Profit Shifting (BEPS) guidelines.

Who Needs to File Form 3CEAD?

Entities that are part of a multinational enterprise (MNE) group with a consolidated revenue of ₹6,400 crores or more in the preceding financial year must comply. This includes:

✅ Parent entity of an MNE group in India
✅ Alternate reporting entity nominated by the MNE group
✅ Any other constituent entity resident in India

Purpose of Form 3CEAD

  • To ensure transparency in global income reporting.
  • To prevent profit shifting and tax avoidance.
  • To provide Indian tax authorities with a clear picture of MNE group activities.

Due Date for Filing – FY 2023-24

📅 Deadline: 31st March 2025
Entities must submit Form 3CEAD before this date to avoid penalties.

Penalties for Non-Compliance

Failure to file Form 3CEAD within the due date may result in:
🚨 ₹5,000 per day if filed within 30 days after notice
🚨 ₹50,000 per day beyond 30 days
🚨 ₹5 lakhs for inaccurate or false information

How to File Form 3CEAD?

  1. Log in to the Income Tax e-Filing portal.
  2. Navigate to Form 3CEAD under International Taxation.
  3. Fill in the required details, including group financials.
  4. Upload the form and verify using DSC.

Stay Compliant – Get Professional Assistance!

Filing Form 3CEAD requires accurate financial reporting. Seek expert assistance to avoid penalties and ensure hassle-free compliance.

📞 Contact Us for Filing Assistance:
📱 +91 9600076134 / 6374812546
📧 auditsiva2@gmail.com
🌐 www.taxlaservices.com

#Form3CEAD #IncomeTax #TaxFiling #TaxCompliance #TaxlaServices



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