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of <h1>Law shifts liaison office annual reporting deadline and details from statute to rules, raising compliance uncertainty and interim risk</h1> A statutory annual reporting obligation requires any non-resident operating an RBI/FEMA-authorised liaison office in India to prepare and deliver to the Assessing Officer a statement of its activities for the tax year; the Bill originally prescribed filing 'within sixty days from the end of such tax year,' while the enacted Section delegates the filing deadline, form and particulars to subordinate legislation ('within such period as may be prescribed'). The enacted text thus shifts timing and detail to rules, increasing administrative flexibility but reducing statutory certainty and creating interim compliance risk until rules are notified.
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