Audit report requirement for non-resident royalty income now mandates a specified audit form and Appendix insertion under amended rules. The Income-tax (Twenty-Seventh Amendment) Rules, 2003 insert a new rule requiring audit reports for income by way of royalties etc. received by non-residents (including foreign companies). The audit report to be furnished under the relevant statutory provision must be in Form No. 3CE, and a corresponding Form Annexure is inserted in Appendix II after Form No. 3CD.
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Provisions expressly mentioned in the judgment/order text.
Audit report requirement for non-resident royalty income now mandates a specified audit form and Appendix insertion under amended rules.
The Income-tax (Twenty-Seventh Amendment) Rules, 2003 insert a new rule requiring audit reports for income by way of royalties etc. received by non-residents (including foreign companies). The audit report to be furnished under the relevant statutory provision must be in Form No. 3CE, and a corresponding Form Annexure is inserted in Appendix II after Form No. 3CD.
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