Section 505 — Submission of statement by a non-resident having liaison office

Old Act equivalent: Section 285 of IT Act 1961 Sub-part: Chapter XXIII—Miscellaneous

Statutory Text

Every person, being a non-resident, having a liaison office in India set up as per the guidelines issued by the Reserve Bank of India under the Foreign Exchange Management Act, 1999 (42 of 1999), shall, in respect of its activities in a tax year, prepare and deliver to the Assessing Officer having jurisdiction, a state ment, in such form and containing such particulars within such period, as may be prescribed. Furnishing of information or documents by an Indian concern in certain cases.

None.

None.

None.

Applies to: Non-residents having liaison office in India.
Conditions: Annual statement in prescribed form to prescribed authority within prescribed time.
Time limits: Within prescribed time after end of financial year.
Monetary limits: None.
Exceptions: None.

None identified.

None noted from the extracted pages.