Form 57 Income Tax Act 1961 Template

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FORM NO. 57 OF INCOME TAX ACT, 1961

Struggling to file your taxes as a non-resident in India? Discover the essential FORM NO. 57 of Income Tax Act, 1961 format – your key to seamless compliance and accurate tax credit claims.

What is FORM NO. 57 of Income Tax Act, 1961?

FORM NO. 57 of Income Tax Act, 1961 is a prescribed statement under Rule 119A of the Income Tax Rules, 1962. It is specifically designed for non-resident assessees to report their income earned in India and the taxes paid or deducted at source (TDS). This legal template ensures that non-residents can properly document their tax obligations, facilitating the processing of their Income Tax Returns (ITR) and avoiding disputes with the Income Tax Department.

In the context of India's robust tax regime, this form is vital for individuals, companies, or entities without a permanent establishment (PE) in India but earning income from sources like investments, royalties, or professional services. Our ready-to-use FORM NO. 57 format in PDF or Word is customizable, making it perfect for quick filing.

Why is FORM NO. 57 Format Important?

Compliance with FORM NO. 57 of Income Tax Act, 1961 is not just a formality – it's a safeguard against penalties, interest, and scrutiny. Key reasons include:

Tax Credit Claims: Accurately report TDS to claim credits in your ITR, preventing overpayment.
Avoid Double Taxation: Essential for invoking provisions under Double Taxation Avoidance Agreements (DTAA).
Legal Requirement: Mandatory for non-residents to reconcile income and tax, as per Section 90 and related rules.
Audit Protection: Provides documentary evidence during assessments, reducing litigation risks.

Using a professional FORM NO. 57 sample ensures adherence to court and Income Tax Department requirements, saving time and resources for businesses and individuals alike.

Key Elements of FORM NO. 57 Legal Template

A standard FORM NO. 57 format includes the following critical sections:

Assessee Particulars: Full name, residential status, PAN, assessment year, and contact details.
Income Details: Break down of income heads such as salary, business profits, interest, dividends, capital gains, etc.
TDS Particulars: Certificate numbers, deductor details, amounts deducted, and deposited.
Tax Paid/Self-Assessment Tax: Advance tax, self-assessment tax, and total tax liability.
Verification: Signed declaration by the assessee or authorized representative.

Our customizable template highlights these elements, ensuring nothing is missed. Download in India-specific PDF/Word format for easy editing.

Who Should Use FORM NO. 57 of Income Tax Act, 1961?

This form is indispensable for:

Non-Resident Indians (NRIs) with Indian-sourced income.
Foreign companies earning royalties or fees for technical services.
Overseas investors in Indian stocks or mutual funds.
Expatriates filing returns under presumptive taxation.

Common use cases span business transactions, investments, and property dealings in civil and commercial contexts across India.

Download Your FORM NO. 57 Format Today!

Ready to simplify your tax filing? Get instant access to our premium FORM NO. 57 of Income Tax Act, 1961 legal template. Choose free download for basic version or opt for paid customization with AI assistance or legal expert review. Available in editable Word and print-ready PDF formats – fully compliant and ready to use.

Important Note

While our FORM NO. 57 sample is designed by experts to meet Income Tax Act standards, it is recommended to customize it to your specific situation. This is not a substitute for professional legal or tax advice. Consult a chartered accountant or tax lawyer for personalized guidance. Explore related templates like Form 26AS, ITR-2, or TDS certificates for complete tax compliance.

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FORM NO. 57 OF INCOME TAX ACT, 1961

FORM NO. 57

[See rule 117B]

Certificate under section 222 or 223 of the Income-tax Act, 1961

NOTICE OF DEMAND UNDER RULE 2 OF THE SECOND SCHEDULE

TO THE INCOME-TAX ACT, 1961

Office of the TRO......................

Dated the.....................................

........................................ (GIR/PAN)

1. *This is to certify that a sum of Rs. ...................... has become due from you on ...................... in the

status of ............................................, details of which are given on the reverse.

Whereas a certificate bearing Serial Number ..................... dated ..................... had been forwarded by

the Tax Recovery Officer, ........................................, for the recovery of the sum of Rs. ...................

[name of the place]

details of which are given on the reverse [and the said Tax Recovery Officer has sent a certified copy of

the said certificate to the undersigned under section 223(2) of the Income-tax Act, 1961], specifying a

sum of Rs. ...................... which is to be recovered from you.

2. You are hereby directed to pay the above sum within 15 days of the receipt of this notice failing

which the recovery shall be made in accordance with the provisions of section 222 to section 232 of the

Income-tax Act, 1961, and the Second Schedule to the said Act and the rules made thereunder.

3. In addition to the sums aforesaid, you will also be liable for; ?

(a) such interest as is payable in accordance with section 220(2) of the said Act for the period

commencing immediately after the issue of this notice;

(b) all costs, charges and expenses incurred in respect of the services of this notice and of war-

rants and other processes and all other proceedings taken for realising the arrears.

SEAL

?????????..

Tax Recovery Officer

*Score out whichever paragraph is not applicable.

DETAILS OF AMOUNT IN ARREARS

Rupees

Regular Advance Provisional Assessment year

1. Income-tax

2. Surcharge

3. Additional tax u/s 143

4. Penalty u/s....................

5. Interest u/s...................

6. Fine u/s 131

7. Any other sum

(give details)

8. Interest u/s 220(2) from

the day when amount

became due

9. Total

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Important Guidelines

Form No. 57, also known as the "Application for grant of a certificate under the first proviso to sub-section (1A) of section 206C of the Income-tax Act, 1961," is used in India for applying for a certificate under Section 206C(1A) of the Income-tax Act. This section deals with tax collection at source (TCS) on the sale of specified goods.

Usage:

TCS Exemption: Form No. 57 is used to apply for a certificate that exempts the applicant from collecting tax at source on the sale of specified goods as per Section 206C(1A).

Applicant Eligibility: This form is typically used by individuals, entities, or businesses that meet the criteria for TCS exemption under the relevant provisions of the Income-tax Act.

Common Mistakes to Avoid:

Incomplete Application: Fill out all required fields in the form and provide accurate details. Incomplete applications may lead to delays or rejection.

Inaccurate Details: Ensure that the information provided, including PAN, name, and nature of business, is accurate and in alignment with tax records.

Not Seeking Professional Advice: If unsure about eligibility criteria or the implications of applying for a certificate, consult a tax advisor or chartered accountant for guidance.

Failure to Keep Records: Maintain copies of the completed Form No. 57, any related documents, and the certificate once granted, for future reference.

Timely Submission: Submit the form within the prescribed timelines to avoid any penalties or complications in tax collection.

Form No. 57 is important for entities seeking exemption from TCS obligations on specified goods. By following these guidelines and avoiding common mistakes, applicants can ensure that their tax compliance is accurate and in accordance with the provisions of the Income-tax Act, 1961.

Frequently asked questions

What is Form No. 57 under the Income Tax Act, 1961?→

Form No. 57 is an official application for condonation of delay in filing income tax returns under Section 119(2)(b) of the Income Tax Act, 1961, in India. It allows taxpayers to seek permission from the CBDT for belated filing.

Who should use Form No. 57?→

Taxpayers in India who have missed the due date for filing their income tax return and wish to file a belated return with condonation of delay should use this legal form.

Is Form No. 57 legally valid across India?→

Yes, Form No. 57 is a prescribed form by the Central Board of Direct Taxes (CBDT) under the Income Tax Act, 1961, and is legally valid for use throughout India.

Does Form No. 57 require stamp duty or court fee?→

No, as a statutory income tax form in India, Form No. 57 does not attract stamp duty or court fees; it is submitted directly to the competent authority.

In what format can I download Form No. 57?→

Form No. 57 is available for free download in editable PDF and Word formats, making it easy to customize for your specific income tax needs in India.

Can I edit and customize Form No. 57?→

Yes, this customizable legal form can be edited with your details like PAN, assessment year, and reasons for delay before submitting to the CBDT or jurisdictional Commissioner in India.