Foreign tax statistical reporting: mandatory forms capture non resident income and payments to foreign concerns for separate compilation. Two statistical reporting forms require collection of detailed data on foreign tax cases. Form A records non resident income by head, income returned and assessed, gross tax with breakdowns (deducted at source, advance tax, self assessment, balance on assessment), gross receipts, allowable expenses, dividends and Head Office expenses. Form B records payments to foreign concerns for royalties, technical service fees, know how fees and related charges. Assessing officers must file the completed forms, retain a copy on assessment records, and send batches to the Statistician for separate compilation from existing revenue statistics.
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Foreign tax statistical reporting: mandatory forms capture non resident income and payments to foreign concerns for separate compilation.
Two statistical reporting forms require collection of detailed data on foreign tax cases. Form A records non resident income by head, income returned and assessed, gross tax with breakdowns (deducted at source, advance tax, self assessment, balance on assessment), gross receipts, allowable expenses, dividends and Head Office expenses. Form B records payments to foreign concerns for royalties, technical service fees, know how fees and related charges. Assessing officers must file the completed forms, retain a copy on assessment records, and send batches to the Statistician for separate compilation from existing revenue statistics.
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