India has tightened income tax rules so that non residents should not open a branch office in the guise of liaison office. Efiling date for liaison offices of foreign companies. Brussels office in charge of liaison with the european union. May 27, 20 section 285 of incometax act and rule 114da of incometax rules read with circular no. Annual statement under section 285 of the incometax act, 1961. How to establish a liaison office in india india briefing news. Make check or money order payable to the secretary of state. The application form shall be completed and submitted to the ad category i bank designated by the applicant for onward transmission to the chief general manager in charge, reserve bank, foreign exchange department, foreign investment. Due date for filing of form 49c by an nr, having liaison. Form 49c pdf fill online, printable, fillable, blank.
The annual statement in form 49c is to be submitted in electronic form within 60days from the end of financial year ending on 31 march, 2012. As per the income tax second amendment rule 2012, rule 114da inserted and form 49c is introduced to report annual statement of liaison office under section 285 of the income tax act. The rules and form shall come into force from april 1, 2012. Jun 22, 2012 section 285 of incometax act and rule 114da of incometax rules read with circular no. Form 49c, download income tax form 49c in pdf format. May 25, 2012 submission of annual statement by liaison office in form 49c. Cbdt extends efiling date for liaison offices of foreign companies. Submission of the annual statement in form 49c by nonresidents having a liaison office furnishing of the statement of equalization levy in form 1 for fy 201718 filing of form no.
These details can be obtained from the income tax office or tin facilitation centre tinfc may assist in doing so. Gst not payable on mere liaison activities in line with rbi. Greater scrutiny for foreignowned liaison offices in india. It is to be filed in pursuance of section 285 of the. Due date for filing form 49c fill online, printable. Jun 22, 2012 in consideration of the same, the board has decided to extend the due date of filing form 49c for the financial year 201112 up to september 30, 2012, the cbdt said in its order. A liaison office does not carry on any commercial or business activities, and its scope is limited to making liaison and business promotional activities. This story is available exclusively to subscribers of. Form 49c, download income tax form 49c in pdf format vat. Application for allotment of permanent account number individuals not being a citizen of indiaentities incorporated outside india unincorporated.
Deduction us 80ddb form 10i may be issued by nongovt. After installing the utility now you have to download the required form. An aac along with form 49c should also be filed with the directorate general of income tax within 60 days of the close of the financial year. In consideration of the same, the board has decided to extend the due date of filing form 49c for the financial year 201112 up to september 30, 2012, the cbdt said in its order. Key challenges faced by indian liaison offices in an.
Furnishing of annual statement to tax department in relation to liaison offices of nonresidents the central board of direct taxes has prescribed form 49c to be submitted by a nonresident having an liaison office lo in india. Fnc application for establishment of branchliaison office in. Item details guidelines for filling up the form 1 name deductorcollector shall fill the details of its name depending on its category in only one of the fields 1 a to 1 h specified in the form. Reporting activities of liaison offices in india updates. Submission of form 49 c by liaison office caclubindia. Procedures for russian companies to establish a liaison.
Oct 14, 2015 deduction us 80ddb form 10i may be issued by nongovt. In what could be viewed as an information gathering exercise, liaison offices lo are now required to file form 49c with the indian income. Submission of annual statement by liaison office in form 49c. Form 49c to be submitted by a nonresident having an liaison office. Income tax calendar important due dates for fy 202021. The last date for filing of form 49c is almost there and its 30th may 2015. As per present rules,person claiming the deduction have to get a cerificate on form 101 from governmemt hospital even if he has taken the. Download form 49c form 49c forfilingtheannualstatement.
The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Specified categories of assessees having a liaison office in india, efiling of income tax return in form 49c, within 60 days from the end of financial year. All about form 49c and its submission by liaison office. It is seen from the screenshots of online software supplied by the applicant that all communication for the various liaison activities are undertaken through electronic means. Each year, the liaison office must file an annual activity certificate aac, prepared by a chartered accountant, to the rbi verifying the offices activities are within its charter. Get the due date for filing form 49c description of 49c due date for filing of form 49c by an nr, having liaison office in india, extended till 3092012 section 119 of the incometax act, 1961 incometax authorities instructions to subordinate authorities. The yearly statement shall be duly verified by the chartered accountant or the authorized signatory of the nonresident entity. Application for allotment of permanent account number under section 9a of the incometax act, 1961. Provisional attachment to protect revenue in certain cases. Foreign companies can open a liaison office in india to facilitate and. Income tax has extended due date for filling form 49c for. Income tax forms, itr forms, income tax india financebazaar.
Extract of rule 114da of income tax rules furnishing of annual statement by a nonresident having liaison office in india. The liaison office lo in any foreign country represents the parent company in that country, paving the way for its business expansion, progress, and growth in the targeted country. Section 285 of incometax act and rule 114da of incometax rules read with circular no. Liaison office registration, procedure for foreign liaison. If you are a foreign company having presence in india by way of a liaison office lo also called representative office, you are required to prepare and submit form 49c with the incometax authorities in india, annually. After downloading the form click on it and it will open in form opener utility. A specified categories of assessees having a liaison office in india have to electronically file income tax return in form 49c, within 60 days from. The applicable forms to a particular assessee can be identified based on the status of such assessee. Cbdt notifies form 49c for reporting liaison office. Cbdt has inserted rule rule 114da and form no 49c effective from 01042012. The d ue date for filing form 49c for the f inancial year 201112 was prescribed as 30th may, 2012.
All about form 49c and its submission by liaison office taxguru. Cbdt notifies form 49c for reporting liaison office activities in india. Fnc application for establishment of branchliaison office in india a. If deductorcollector fills details in more than one category, the application form will be rejected. Submit original completed paperwork and payment to. The application form shall be completed and submitted to the ad category i bank designated by the applicant for onward transmission to the chief general managerin charge, reserve bank, foreign exchange department, foreign investment.
Statement submission in form 49c for the financial year 201920 by a nonresident having a liaison office in india. Application for establishment of branch liaison office in india a. Jun 07, 2019 submission of the annual statement in form 49c by nonresidents having a liaison office furnishing of the statement of equalization levy in form 1 for fy 201718 filing of form no. Income tax has extended due date for filling form 49c for fy. The due date for filling up the challancumstatement in regard to the tax deducted in april 2020 under section 194ia. The central board of direct taxes has prescribed form 49c to be submitted by a nonresident having an liaison office lo in india. Greater scrutiny for foreignowned liaison offices in. Frequently requested forms office of industrial liaison. Indias central board of direct taxes cbdt in a recent notification has provided detailed information that foreign companies with representative or liaison offices must provide to tax. Efiling date for liaison offices of foreign companies extended. All about form 49c and its submission by liaison office taxguru may 28, 2015. Jan 27, 2020 each year, the liaison office must file an annual activity certificate aac, prepared by a chartered accountant, to the rbi verifying the offices activities are within its charter. Additionally, according to the rule, the yearly statement in form 49c shall be furnished in electronic form along with a digital signature.
The details like form name, description, onlineoffline, due date for. May 28, 2015 last date of filing form 49c by liasion office of non resident is may 30, 2015. Form 49c, download income tax form 49c in pdf format vat faq. The french liaison office does not need to be registered with the companies registrar, which will reduce the time spent on the opening of the entity. Formation of liasion office, registration and income tax others forum. Mar 05, 2012 the yearly statement shall be duly verified by the chartered accountant or the authorized signatory of the nonresident entity. Kindly note that attachments, if any, attached to form 49c should not exceed 50mb in total and should either be in pdf or zip format. Income tax rate for individuals ay 201920, income tax notice tax expert. The brussels office plays an increasing role in the further development and institutionalisation of highlevel. Submission of statement in form 49c by nonresident having. Nov 26, 2019 each year, the liaison office must file an annual activity certificate aac, prepared by a chartered accountant, to the rbi verifying the offices activities are within its charter.
The yearly statement in form 49c ought to be furnished in electronic form. Cbdt issues central action plan for 2018 kpmg india. Section 285 of income tax act and rule 114da of income tax rules read with circular no. Yes no form is to be filed along with return of income due date specified us 91 dsc is mandatory 5 form 3ae audit report under section 35d435e6 of the incometax act, 1961 yes no form is to be filed along with return of income due date specified us 91 dsc is mandatory 6 form 3ca3cd audit report under.
This is substantiated by the statement of accounts, annual statement form 49c filed under income tax act, bank inward remittance advice submitted by the applicant. Under the section, every person having a liaison office in india will have to file a statement in form no. A proposal to establish a liaison officefunction should begin with a letter of interest sent to the executive director explaining what is being considered e. Last date of filing form 49c by liasion office of non. Apr 18, 2012 the yearly statement shall be duly verified by the chartered accountant or the authorized signatory of the nonresident entity. Form 49c is primarily required to be filed by nonresidents having liaison office s in india. Download form 49c form49cforfilingtheannualstatement. Gst not payable on mere liaison activities in line with.
Form 49c is primarily required to be filed by nonresidents having liaison offices in india. Income tax forms, itr forms, itr return efling services itr for salaried, income tax india return filing online. Central board of direct taxes, efiling project forms instruction document. Feb 24, 2012 cbdt notifies form 49c for reporting liaison office activities in india this story is available exclusively to subscribers of already a subscriber.