Annual statement filing requirement mandates electronic submission with verification for non-resident liaison offices; penalties apply for non-compliance. Non-resident liaison offices must file an annual statement in Form 49C within eight months of the financial year-end, furnished electronically with digital signature and verified by a Chartered Accountant or authorised signatory; the Director General of Income-tax (Systems) shall prescribe filing procedure and security, archival and retrieval policies for such statements.
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Annual statement filing requirement mandates electronic submission with verification for non-resident liaison offices; penalties apply for non-compliance.
Non-resident liaison offices must file an annual statement in Form 49C within eight months of the financial year-end, furnished electronically with digital signature and verified by a Chartered Accountant or authorised signatory; the Director General of Income-tax (Systems) shall prescribe filing procedure and security, archival and retrieval policies for such statements.
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