Indian concern reporting form requires ownership, transfer, and asset details for deemed Indian-source share transactions. Form No. 163 prescribes the information and documents to be furnished by an Indian concern under section 506 read with rule 235. It requires particulars of the Indian concern, details of the holding structure, and information on companies or entities deriving substantial value from assets located in India and held in or through the concern. The form also requires reporting of share or interest transfers, including transaction details, tax residency, consideration, percentage transferred, asset values, supporting annexures, and a separate section where the transfer affects management or control over the Indian concern.
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Provisions expressly mentioned in the judgment/order text.
Indian concern reporting form requires ownership, transfer, and asset details for deemed Indian-source share transactions.
Form No. 163 prescribes the information and documents to be furnished by an Indian concern under section 506 read with rule 235. It requires particulars of the Indian concern, details of the holding structure, and information on companies or entities deriving substantial value from assets located in India and held in or through the concern. The form also requires reporting of share or interest transfers, including transaction details, tax residency, consideration, percentage transferred, asset values, supporting annexures, and a separate section where the transfer affects management or control over the Indian concern.
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