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Update: India Provides Details on Mandatory Tax Reporting Requirements for Liaison Offices

07-03-2012 09:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Nair & Co.

Update: India Provides Details on Mandatory Tax Reporting

(Sunnyvale, CA) – The Income tax authority of India has extended the due date for filing 49C form for particular categories of assessees having a Liaison Office in India. On account of technical difficulties in providing appropriate facility for electronic filing, the due date has been extended up to September 30, 2012, for the financial year 2011-12.

Formerly, the assessees were directed to file Form 49C electronically, within 60 days from the end of financial year. However to ensure compliance, Indian tax authorities have allowed assessees to file Form 49C in ‘paper mode’ instead of filing it electronically. The Form 49C (Paper Mode) should be sent to the following address by 'Registered Post' or 'Speed Post':

The Director General of Income Tax (International Taxation),
4th Floor, Drum Shaped Building,
I.P. Estate, New Delhi-11002.

Please call/email for more details.
Get the latest press releases and updates on international tax, compliance and other legal news at Nair & Co. Industry Alerts.

1250 Oakmead Parkway, Suite 210

Sunnyvale, CA 94085, U.S

+1 408.515.6887

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