Comparison of section 506 "Furnishing of information or documents by an Indian concern in certain cases." between the Income-Tax Act, 2025 (as passed) and the Income-Tax Bill, 2025 (as originally introduced)
17 September, 2025
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Information-furnishing obligation: Indian concerns must produce prescribed documents when foreign interests derive value from India assets. An information-furnishing obligation requires an Indian concern to provide prescribed information or documents to the prescribed income-tax authority when ... Summary
Information-furnishing obligation: Indian concerns must produce prescribed documents when foreign interests derive value from India assets.
An information-furnishing obligation requires an Indian concern to provide prescribed information or documents to the prescribed income-tax authority when a foreign company's or entity's shares or interests derive substantially their value from assets located in India and those assets are held, directly or indirectly, through the Indian concern; specific documents, the authority, the period and the manner of furnishing are to be specified by subordinate prescription.
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