Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Reporting requirements for transfer of foreign company interests demand electronic filing, supporting documents, and long-term record retention. Requires every Indian concern covered by section 285A to maintain and furnish prescribed information and documents relating to a transfer of shares or interests in a foreign company or entity. The information must be filed electronically in Form No. 49D under digital signature within ninety days from the end of the financial year, or within ninety days of the transaction where management or control in relation to the Indian concern is directly or indirectly transferred. Supporting documents, translations, filing procedure, security policies, and an eight-year retention period are also prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reporting requirements for transfer of foreign company interests demand electronic filing, supporting documents, and long-term record retention.
Requires every Indian concern covered by section 285A to maintain and furnish prescribed information and documents relating to a transfer of shares or interests in a foreign company or entity. The information must be filed electronically in Form No. 49D under digital signature within ninety days from the end of the financial year, or within ninety days of the transaction where management or control in relation to the Indian concern is directly or indirectly transferred. Supporting documents, translations, filing procedure, security policies, and an eight-year retention period are also prescribed.
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