https://www.taxtmi.com/news?id=72185 Reporting of indirect transfers of assets located in India requires an Indian concern, or its representative, to furnish information in Form No. 163 under section 506 of the Income Tax Act, 2025. The form is mandatory and applies where a non-resident transfers shares of, or interest in, an offshore company or entity resulting in an indirect transfer of assets in India. It must be furnished within ninety days from the end of the financial year, or within ninety days of the transaction where management or control rights in relation to the Indian concern are transferred. en-us Fri, 03 Apr 2026 17:16:58 +0530 Fri, 03 Apr 2026 17:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72185 Reporting of indirect transfers of assets located in India requires an Indian concern, or its representative, to furnish information in Form No. 163 under section 506 of the Income Tax Act, 2025. The form is mandatory and applies where a non-resident transfers shares of, or interest in, an offshore company or entity resulting in an indirect transfer of assets in India. It must be furnished within ninety days from the end of the financial year, or within ninety days of the transaction where management or control rights in relation to the Indian concern are transferred. News - Fri, 03 Apr 2026 17:16:58 +0530 https://www.taxtmi.com/news?id=72185