https://www.taxtmi.com/highlights?id=79856 Income Tax: Non-residents with liaison offices in India must file annual statements regarding their activities within a prescribed period. Failure to comply will attract penalties of Rs. 1,000 per day for up to 3 months, and Rs. 1 lakh thereafter, unless reasonable cause is proven. These provisions will be effective from April 1, 2025. en-us Sun, 28 Jul 2024 12:41:21 +0530 Sun, 28 Jul 2024 12:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79856 Income Tax: Non-residents with liaison offices in India must file annual statements regarding their activities within a prescribed period. Failure to comply will attract penalties of Rs. 1,000 per day for up to 3 months, and Rs. 1 lakh thereafter, unless reasonable cause is proven. These provisions will be effective from April 1, 2025. Highlights Bill Sun, 28 Jul 2024 12:41:21 +0530 https://www.taxtmi.com/highlights?id=79856