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of <h1>Indian concerns must provide prescribed information when foreign entity shares derive substantial value from assets in India under section 9(10)(a)</h1> An Indian concern must furnish prescribed information or documents to the designated income-tax authority when shares or interests in a foreign entity derive substantial value from assets located in India and are held, directly or indirectly, through that Indian concern; the enactment and bill differ mainly in a cross-reference (section 9(10)(a) versus 9(9)(a)) and minor drafting/ordering changes but both delegate timing, manner and scope to subordinate prescription. The provision is procedural, lacks stated exceptions or penalties in the text provided, and requires affected Indian concerns to retain records pending rulemaking.
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