Income-tax (Second Amendment) Rules, 2012 - Insertion of rule 114DA and Form No.49C.

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....l Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1). These rules may be called the Income-tax (2nd Amendment) Rules, 2012. (2). They shall come into force on the 1st day of April, 2012. 2. In the Income-tax Rules, 1962 (hereafter referred to as the principal rules), - (a) after rule 114D, the following rule shall be inse....

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....al and retrieval policies in relation to statements so furnished. "; (b) in Appendix-II, after the Form No. 49B, the following Form shall be inserted, namely: -. "FORM No. 49C [See rule 114DA] Annual Statement under section 285 of the Income-tax Act, 1961 Sl No.     1 Financial Year for which the Statement is being submitted   2 Name and Principal....

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....bsp; 13 India specific financial details for the financial year i.e., receipts, income and expenses of the non-resident person from or in India (not only of the L.O.)   14 Details of all purchases, sales of material, and services from/to Indian parties during the year by the non-resident person (not limited to transactions made by (L.O.)   15 Name & Designation of....

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....L.O.   21 Details of any other entity (including PAN, if any) for which liaisoning activity is done by the (L.O.)   22 Details of Group entities (with addresses and PAN, if any) present in India as Branch Office/Companies/LLPs etc., incorporated in India and nature their business activities.   23 Details (with addresses) of other L.O.s of the Group entitie....