Audit report form for royalty and technical services income requires prescribed reporting for non-residents and foreign companies. The audit report of accounts of a non-resident, not being a company, or a foreign company, for computation of royalty and fee for technical services is to be furnished in the specified form. The rule identifies the covered assessees and prescribes the reporting format for compliance with the audit requirement under the relevant provision.
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Provisions expressly mentioned in the judgment/order text.
Audit report form for royalty and technical services income requires prescribed reporting for non-residents and foreign companies.
The audit report of accounts of a non-resident, not being a company, or a foreign company, for computation of royalty and fee for technical services is to be furnished in the specified form. The rule identifies the covered assessees and prescribes the reporting format for compliance with the audit requirement under the relevant provision.
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