FORM NO. 56D Template India - Free PDF/Word Download

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Title: FORM NO. 56D Format

Need a compliant FORM NO. 56D Format for your tax reporting in India? Download our ready-to-use, customizable legal template in PDF or Word format today and ensure seamless submission to the Income Tax authorities.

What is FORM NO. 56D? FORM NO. 56D is a prescribed format under the Income Tax Rules, 1962, primarily used by non-residents, foreign companies, or liaison offices operating in India. It serves as a statement detailing income earned in India, tax deducted at source (TDS), and other financial particulars required for compliance with section 195 and related provisions. This form is crucial for non-residents repatriating funds or claiming refunds, helping avoid penalties for non-compliance.

Accurate and timely filing of FORM NO. 56D Format ensures your tax obligations are met, facilitating smoother business operations or personal financial transactions in India.

Why is FORM NO. 56D Format Important? In India's stringent tax regime, FORM NO. 56D plays a vital role in demonstrating compliance for non-residents. Key reasons include:

Legal Compliance: Mandatory under Income Tax Act for reporting income chargeable to tax in India, preventing disputes with Assessing Officers.
Refund Claims: Essential for claiming TDS credits or refunds on excess tax withheld.
Penalty Avoidance: Late or incorrect filing can attract interest under sections 234A/B/C and penalties up to Rs. 1 lakh.
Business Facilitation: Critical for liaison offices, project offices, or foreign entities maintaining a presence in India.

Using a professional FORM NO. 56D Sample guarantees adherence to the latest rules, saving time and reducing errors.

Key Elements of FORM NO. 56D A standard FORM NO. 56D Format includes the following essential sections:

Taxpayer Details: PAN/TAN, name, address, status (non-resident/foreign company), contact information.
Financial Year and Assessment Year: Specific periods for reporting.
Income Particulars: Breakdown of income from Indian sources, such as interest, royalties, fees for technical services, or business income.
TDS Details: Amount of tax deducted, certificates (Form 16A), and remittances to government.
Remittances Abroad: Details of foreign exchange outflows, if applicable.
Verification: Signed declaration by the assessee or authorized representative.
Annexures: Supporting documents like contracts, invoices, and CA certificates.

Our customizable FORM NO. 56D legal template ensures all these elements are pre-filled and compliant with current Income Tax Department guidelines.

Who Should Use FORM NO. 56D Sample?

Non-Resident Indians (NRIs) with Indian income.
Foreign companies with liaison/project/branch offices in India.
Entities making payments to non-residents subject to TDS u/s 195.
Businesses in sectors like IT services, manufacturing, or consulting with international operations.

Common use cases include annual tax filings, TDS reconciliation, and applications for lower/nil TDS certificates.

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Important Note While our FORM NO. 56D Format is designed by legal experts and updated regularly, it is a template and not a substitute for professional legal advice. Customize it to your specific needs using AI tools or consult a chartered accountant/tax lawyer. Explore related legal templates like Form 15CA/CB, TDS certificates, or non-resident agreements for comprehensive compliance.

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FORM NO. 56D

Non-Judicial

FORM NO. 56D

[See rule 2CA]

Application for grant of exemption or continuance thereof

under section 10(23C)(vi) and (via) for the year....................

1. Name and address of registered office of the University or

other educational instituion or the hospital or other medical insti-

tution referred to in sub-clause (vi) or sub-clause (via) of clause

(23C) of sectioin 10.

2. Legal status, whether trust, registered society/others. Please

enclose a copy of certificate of registration/relevant document

evidencing legal status.

3. Objects of the university or other educational institution or

hospital or other medical institution referred to in serial number1.

4. Names and addresses of the trustees/office bearers

5. Geographic area over which the activities of the university

or other educational institution or hospital or other medical insti-

tution referred to in serial number 1 are peformed. [ Enclose de-

tails of work done in different places with addresses of branch

offices and names and addresses of office bearers in these places].

6. Enclose copies of memorandum of association, articles of

association, trust deed, rules/regulations of the university or other

educational institution or hospital or other medical institution re-

ferred to in serial number 1.

7. Enclose copies of audited accounts and balance sheet for the

last three years along with a note on the examination of accounts

and on the activities as reflected in the accounts and in the annual

reports with special reference to the appropriation of income to-

wards objects of the university or other educational institution or

hospital or other medical institution referred to in serial number

8. Has the university or other educational institution or hospital

or other medical institution referred to in serial number 1 received

any donations from a foreign country to which provisions of For-

eign Contribution (Regulations) Act, 1976, applies? Give details

9. Give assessment particulars :-

(i) Ward/Circle of jurisdiction and the last income returned

and assessed with permanent account number /GIR number

(ii) Is the income exempt under section 11?

(iii)Is any recovery of tax, etc., outstanding against the uni-

versity or other educational institution or hospital or other medi-

cal institution referred to in serial number 1 ?

(iv) Whether any penalties have been initiated/levied?

10. Total income including voluntary contributions, if any, the

university or other educational institution or hospital or other

medical institution referred to in serial number 1 for the previous

year relevant to the assessment year for or from which the exemp-

tion is sought

1 1. Amount of income referred to above that has been or deemed

to have been utilised wholly and exclusively for the objects of the

university or other educational institution or hospital or other

medical institution referred to in serial number 1 (income deemed

to have been utilised shall have the meaning assigned to it in sub-

sections (1) and (1A) of section 11)

12. Amount accumulated for the objects mentioned in column 3

above.

13. (i) Details of modes in which the funds of the university or

other educational institution or hospital or other medical institu-

tion referred to in serial number 1 are invested or deposited show-

ing the nature, value and income from the investment

(it) Details of funds not invested in the modes specified in section 11(5):

Sl. Name and address In the case of a Nominal value of Income from the

No. of the concern company, number the investment investment

and class of

shares held

(1) (2)

(3) (4) (5)

14, (i) Is the university or other educational institution or hospi-

tal or other medical institution referred to in serial number 1 car-

rying on any business (give details)?

(ii) Is the business incidental to the attainment of its objects

15. Details of nature, quantity and value of contributions (other than

cash) and the manner in which such contributions have been utilised

16. Details of shares, security or other property purchased by or on

behalf of the university or other educational institution or hospital

or other medical institution referred to in serial number 1 from

any interested person as specified in sub-section (2) of section 13

17. Whether any part of the income or any property of the university

or other educational institution or hospital or other medical insti-

tution referred to in serial number 1 was used or applied, in a man-

ner? which results directly or indirectly in conferring any benefit,

amenity or perquisite (whether converted into money or not), on any

interested person as specified in sub-section (3) of section 13? If so,

details thereof.

18. Amount deemed to be income of the university or other educa-

tional institution or hospital or other medical institution referred

to in serial number 1 if sub-section (3) of section 11, is made appli-

cable.

19. The income that would have been assessable if the university or

other educational institution or hospital or other medical institu-

tion referred to in serial number 1 had not enjoyed the benefit of

section 10(23C)(vi)or (via)

Certified that the above information is true to the best of my knowledge and belief.

Place...........................

........................................

Date............................

Signature

........................................

Designation

........................................

FullAddress

Notes:

1. The application form should be sent to the Central Board of Direct Taxes through the Commissioner of

Income-tax having jurisdiction over the university or other educational institution or hospital or other

medical institution referred to in serial number 1 of this Form. Four copies of the application form along

with the enclosures should be sent.

2. Copies of the following documents should be annexed:-

(i) Deed of trust/memorandum and articles of association/other documents evidencing legal status of the

enterprise;

(ii) a list of major office bearers including settlor/members of the Governing body;

(iii) a photocopy of the latest certificate under section 80G issued by the Commissioner of Income-tax,

if any;

(iv) true copies of the assessment orders passed for the last three years, if any;

(v) photocopy of communication from the Commissioner of Income-tax with reference to the application

of the trust/institution for a registration under section 12A, if any.

3. The applicant shall furnish any other documents or information as required by the Central Board of Direct

Taxes or any authority authorised by the Central Board of Direct Taxes.

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Frequently asked questions

What is Form No. 56D?→

Form No. 56D is an application for a certificate from the Assessing Officer under Section 230A of the Income Tax Act, 1961, required by companies in India before transferring assets during liquidation to ensure tax dues are cleared.

Who should use Form No. 56D in India?→

Companies undergoing liquidation or dissolution in India must use Form No. 56D to obtain tax clearance from the Income Tax Department before selling or transferring assets.

Is Form No. 56D legally valid across India?→

Yes, Form No. 56D is a prescribed legal document under Rule 121A of the Income Tax Rules, 1962, and holds validity throughout India for tax clearance purposes.

Does Form No. 56D require stamp duty in India?→

No, Form No. 56D does not attract stamp duty as it is an official application form to the Income Tax Department; no court fee is typically required.

Can I download Form No. 56D in PDF or Word format?→

Yes, Form No. 56D is available for free download in PDF format from the Income Tax India website; customizable Word templates are offered on legal document sites.

Can I edit or customize Form No. 56D?→

Form No. 56D can be edited to fill in specific details, but must follow the official format for legal compliance in India; consult a tax expert for customizations.