TaxTMI 
TaxTMI 
Clarification regarding Notices of defective returns issued to FII/FPIs
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....larification regarding Notices of defective returns issued to FII/FPIs <br>News and Press Release<br>Dated:- 10-12-2015<br><BR>Notices of defective returns were issued under section 139(9) of the Inco....
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....me-tax Act to Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs) in cases where Balance Sheet and P&L account were not filled. In order to overcome this difficulty, it is clarifi....
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....ed that such returns will not be treated as defective in cases where the FIIs/FPIs: i) is registered with SEBI ii) has no Permanent Establishment/ Place of Business in India iii) has provided ba....
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....sic information required under section 139(9)(f) of the Income-tax Act, if there is business income All such cases , where the SEBI registration number has been provided by the FIIs/FPIs in the retur....
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....n for AY 2015-16 are being taken up for processing at CPC Bengaluru. For previous assessment years where the above information is not available in the Income Tax Return, FII/FPI may provide such detai....
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....ls in their online response on the e-filing portal of the Income-tax Department (www.incometaxindiaefiling.gov.in) to the previously issued notice u/s 139(9) of the Income-tax Act.<BR> News - Press re....
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....lease - PIB....