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<h1>Indian Concern Must Provide Info on Foreign Shares with Indian Assets Under Income-tax Act Section 90</h1> An Indian concern is required to furnish information or documents to the prescribed income-tax authority within a specified period when a share or interest in a foreign company or entity derives substantial value from assets located in India, and such assets are held directly or indirectly through the Indian concern. This obligation applies for determining income accruing or arising in India under the Income-tax Act, 1961. The provision aims to ensure transparency and proper assessment of income linked to Indian assets held via foreign entities.