Section 80HHC(4) & 80HHC(4A) Report Template India

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Title: Report Under Section 80HHC(4), 80HHC(4A) of the Income-Tax Act, 1961 Format

Struggling to claim export profit deductions under the Income-Tax Act? Our Report Under Section 80HHC(4), 80HHC(4A) of the Income-Tax Act, 1961 Format simplifies compliance for Indian exporters, available for instant download in PDF or Word format.

This essential legal template is a mandatory auditor's report required for assessees claiming deductions on profits from exports under Section 80HHC of the Income-Tax Act, 1961. Specifically tailored for sub-sections (4) and (4A), it certifies the computation of export turnover, profits, and eligible deductions. Though Section 80HHC has been omitted post AY 2012-13, legacy claims, audits, or assessments for prior years still demand this precise format, ensuring your tax returns stand scrutiny in India.

Why is the Report Under Section 80HHC(4), 80HHC(4A) Format Important?

Filing this report is crucial for exporters to substantiate deduction claims and avoid penalties or disallowances during income tax assessments. It provides the tax authorities with audited verification of your export profits, direct and indirect costs, and net eligible amount. Non-compliance can lead to rejected claims, interest charges, or litigation. In the Indian tax landscape, this ready-to-use 80HHC report format ensures accuracy, saves time, and boosts your chances of successful deductions, making it indispensable for businesses with international trade.

Key Elements of the Report Under Section 80HHC(4), 80HHC(4A) of the Income-Tax Act, 1961 Format

Our customizable template includes all statutory requirements:

Assessee Details: Name, PAN, assessment year, and business profile.
Export Turnover Breakdown: Total turnover, direct exports, indirect exports via supporting manufacturers.
Profit Computation: 90%/80% of turnover deemed profits, adjustments for commissions, PF/EPF contributions under 80HHC(4A).
Auditor Certification: Signed by Chartered Accountant with FRN, membership number, and date.
Annexures: Supporting schedules for costs, forex realization, and declarations.

This legal template adheres to CBDT guidelines, formatted for easy court or ITAT submissions.

Who Should Use This 80HHC Report Format?

Ideal for:

Exporters and trading houses in India.
Supporting manufacturers under 80HHC(4).
Businesses undergoing tax audits or appeals for pre-2012 assessments.
SMEs and large corporates dealing in merchandise or software exports.

Common use cases include annual tax filings, rectification applications, and defending assessments before authorities.

Download Your Customizable Report Under Section 80HHC(4), 80HHC(4A) Format Today!

Get this free download option or upgrade to premium customizable versions. Edit effortlessly in Word, convert to PDF, and get it reviewed by legal experts or AI tools for perfection. Ready-to-use and compliant with Indian tax laws.

Note: While this Section 80HHC report sample is designed for convenience, it's not a substitute for professional tax advice. Consult a Chartered Accountant for your specific situation. Explore related templates like Form 3CEB, Tax Audit Reports, or other Income-Tax Act formats for comprehensive compliance.

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REPORT UNDER SECION 80HHC(4),80HHC(4A) OF THE INCOME-TAX ACT, 1961

Non-Judicial

FORM NO. 10CCAC

[See rule 18BBA(3)]

REPORT UNDER SECION *80HHC(4)/80HHC(4A) OF THE INCOME-TAX ACT, 1961

I/We* have examined the accounts and records of __________________________________

[Name and address of the

_____________________________________________relating to the business of export

the assessee with permanent account number ]

out of India/Sale to a recognised Export House/Trading House in India, of goods and merchandise carried on by the assessee during the year ended on the 31st March ____________

I/ We*, certify that the deduction to be claimed by the assessee under sub-section (1) of section 80HHC of the Income-tax Act 1961, in respect of the assessment year _________________ is Rs. _________________ which has been determined on the basis of the sale proceeds received by the assessee in convertible foreign exchange. The said amount has been worked out on the basis of the details in Annexure A to this Form.

I/We*, certify that the deduction to be claimed by the assessee, as supporting manufacturer, under sub-section (1A) of section 80HHC of the Income-tax Act, 1961, in respect of the assessment year _______ is Rs. _________________, which has been determined on the basis of sales to Export House/Trading House under the proviso to sub-section (1) of section 80HHC of the Income-tax Act, 1961. The said amount has been worked out on the basis of the details in the Annexure B to this Form.

*I/We, therefore, certify that the total deduction to be claimed by the assessee under section 80HHC in respect of the assessment year _________________ is Rs. _____________

Date : ____________________ Signed

!Accountant

Notes :

1. *Delete whichever is not applicable.

2. !This report is to be given by

i. a Chartered Accountant within the meaning of the Chartered Accountants Act 1949, (38 of 1949);
or

ii. any person, who in relation to any State is by virture of the provisions in sub-section (2) of section 226 of the
Companies Act, (1 of 1956), entitled to be appointed to act as an auditor of companies registered in the State.

3. Where any of the matter stated in this report is answered in the negative or with a qualification the report shall state the reason therefor.

ANNEXURE A

[See paragraph 2(a) of Form No. 10CCAC]

Details relating to the claim by the exporter for deduction

under section 80HHC of the Income-tax Act, 1961

1.
Name of the assessee 2.
Assessment year 3.
Total turnover of the business 4.
Total export turnover 5.
Total Profits of business. 6.
Export turnover in respect of trading goods 7.
Direct cost of the trading goods exported 8.
Indirect cost attributable to trading goods exported 9.
Total of 7 + 8 10.
Profits from export of trading goods (6 minus 9) 11.

Adjusted total turnover (3 minus 6) 12.
Adjusted export turnover (4 minus 6) 13.
Adjusted profits of the business (5 minus 10) 14.
Profits derived by the assessee from export of goods or merchandise to which section 80HHC applies, computed under sub-section (3) of section 80HHC. 15.
Export turnover, deduction in respect of which will be claimed by a supporting manufacturer in accordance with proviso to sub-section (1) of section 80HHC. 16.
Profits from export turnover mentioned in item 15 above calculated in accordance with proviso to sub-section (1) of section 80HHC 17.
Deduction under section 80HHC to which the assessee is entitled (Item 14 minus Item 16). 18.

Remarks, if any.

ANNEXURE B

[See paragraph 2(b) of Form No. 10CCAC]

Details relating to the claim of the supporting manufacturer

for deduction under section 80HHC of the Income-tax Act, 1961

SECTION A

1.

Name of the assessee 2.
Assessment year, 3.
Total turnover of the business. 4.
The amount of profit under the head ?Profits and gains of business or profession? 5.
Total turnover in respect of sale of Export House/ Trading House for which certificate is received from Export House/Trading House. 6.

Profit from the turnover mentioned in item 5 above,computed under sub-section (3A) of section 80HHC. 7.

Remarks, if any

SECTION B

Details of sale to Export House/Trading House

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Name and address of the Export House/Trading House to whome goods or merchandise were sold

Sale Invoice No. and date

Sale price

Invoice No. and date by which Export House trading House has exported

Date of certificate issued by the Export House/Trading House under clause (b) of sub-section 4A of section 80HHC

Amount of disclaimer

What is the Report under Section 80HHC(4) and 80HHC(4A) of the Income-Tax Act, 1961?→

This is a mandatory certificate from a chartered accountant required for taxpayers claiming deduction on export profits under Section 80HHC of the Indian Income Tax Act, 1961, detailing profits computation.

Who should use this report template?→

Exporters and businesses eligible for 80HHC deduction in India must use this report, prepared and certified by a qualified chartered accountant for tax filing.

Is this report legally valid in India?→

Yes, this format aligns with Section 80HHC(4) and 80HHC(4A) requirements under the Income Tax Act, 1961; verify current applicability as the section was omitted post AY 2012-13.

In what format can I download this report?→

Download the report template in editable Word or ready-to-use PDF format, suitable for Indian tax compliance.

Can I customize or edit this report?→

Yes, the Word version is fully customizable to include your specific export data and details for accurate legal submission in India.

Does this report require stamp duty or certification?→

No stamp duty is applicable as it's a tax certificate; it requires certification by a chartered accountant registered in India for validity.