Bare ActsIncome-tax Act, 2025

Section 505

Submission of statement by a non-resident having liaison office.--

Amendment status not verified — confirm the current text below against the official source.

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 statement, in such form and containing such particulars within such period, as may be prescribed.

Section 505 – Income-tax Act, 2025 | DailyLaw.ai