Furnishing of information obligations require Indian concerns to provide prescribed documents for income determination from India. Section 506 requires an Indian concern to furnish prescribed information or documents to the prescribed income-tax authority when a foreign company or ... Summary
Furnishing of information obligations require Indian concerns to provide prescribed documents for income determination from India.
Section 506 requires an Indian concern to furnish prescribed information or documents to the prescribed income-tax authority when a foreign company or entity's share or interest derives substantially its value from assets in India and such foreign entity holds those assets through, or in, the Indian concern, for purposes of determining income accruing or arising in India.
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