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Submission of statement by liaison office of non-resident in India (TAX ADMINISTRATION)

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....>Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024 A non-resident having a liaison office in India, is required to prepare and deliver a statement in respect of its activities in a financial ye....

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....day for which the failure continues, if the period of failure does not exceed three months; and one lakh rupees in any other case. A new section 271GC is proposed to be inserted in this regard. 3. Ho....