Section - 285A (of Income Tax Act, 1961), Furnishing of information or document…
Section - 285A (of Income Tax Act, 1961), Furnishing of information or documents by an Indian concern in certain cases
Section - 285A (of Income Tax Act, 1961), Furnishing of information or documents by an Indian concern in certain cases
Furnishing of information or documents by an Indian concern in certain cases.
Where any share of, or interest in, a company or an entity registered or incorporated outside India derives, directly or indirectly, its value substantially from the assets located in India, as referred to in Explanation 5 to clause (i) of sub-section (1) of section 9 (of Income Tax Act, 1961), and such company or, as the case may be, entity, holds, directly or indirectly, such assets in India through, or in, an Indian concern, then, such Indian concern shall, for the purposes of determination of any income accruing or arising in India under clause (i) of sub-section (1) of section 9 (of Income Tax Act, 1961), furnish within the prescribed period to the prescribed income-tax authority the information or documents, in such manner, as may be prescribed.
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