Amendment to Income tax Rule 114DA and Form 49C
Amendment to Income tax Rule 114DA and Form 49C – NOTIFICATION No. 14/2025
G.S.R. 125(E).—In exercise of the powers conferred by section 285 read with section 295 of the Incometax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:─
- (1) These rules may be called the Income-tax (Fourth Amendment) Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette. - In the Income-tax Rules, 1962,–
(a) in rule 114DA, in sub-rule (1), for the words, figures and letter “Form No. 49C”, the words, figures and letter “Form No. 49C within eight months from the end of such financial year” shall be substituted;
(b) in Appendix-II, for Form No. 49C, the following shall be substituted, namely:-
“FORM No. 49C
[See rule 114DA]
[e-Form]
Annual Statement under section 285 of the Income-tax Act, 1961
| Sl. No. | |||||||||||||||||
| 1. | Financial year for which the Statement is being submitted | ||||||||||||||||
| 2. | Details pertaining to non-resident person having liaison office in India | ||||||||||||||||
| (i) | Name | ||||||||||||||||
| (ii) | Details of head office | ||||||||||||||||
| Email Id | Contact / mobile number | Address | |||||||||||||||
| (iii) | Details of Principal Office in India | ||||||||||||||||
| Email Id | Contact / mobile number | Address | |||||||||||||||
| (iv) | Permanent Account Number (if Allotted) | ||||||||||||||||
| (v) | Tax Identification No., if any, of country of Incorporation or residence | ||||||||||||||||
| (vi) | Date of submitting Annual Activity Certificate for the financial year to the Reserve Bank of India | ||||||||||||||||
| 3. | Details of the Chartered Accountant signing the Annual Activity Certificate as prescribed by the Reserve Bank of India | ||||||||||||||||
| (i) | Name | ||||||||||||||||
| (ii) | Email Id | ||||||||||||||||
| (iii) | Contact / mobile number | ||||||||||||||||
| (iv) | Address | ||||||||||||||||
| (v) | Membership number | ||||||||||||||||
| 4. | Details of officer In charge for each office of the non-resident person in India | ||||||||||||||||
| Sl.No. | Name | Designation | Email Id | Contact / mobile number | Address of office | ||||||||||||
| 5. | Details of any salary or compensation of any sort payable outside India to any employee working in India or for services rendered in India | ||||||||||||||||
| Sl.No. | Name of employee | PAN (if allotted) | Email Id | Contact / mobile number | Address of employee in India, if any | Amount of salary or compensation (in Rs.) | |||||||||||
| 6. | Details of agents or representatives or distributors of the non-resident person in India. | ||||||||||||||||||||
| Sl.No. | Name of agent or representative or distributor | PAN | Email Id | Contact / mobile number | Address | ||||||||||||||||
| 7. | Details of Liaison Office of the non-resident person (data in Sl. No. 8 to Sl. No. 20. to be furnished Liaison Office wise, multiple sets can be filled based on the number of Liaison Office) | ||||||||||||||||||||
| 8. | Liaison Office Registration No. granted by the Reserve Bank of India | ||||||||||||||||||||
| 9. | Nature of activities undertaken by Liaison Office | ||||||||||||||||||||
| 10. | Date of opening of Liaison Office in India | ||||||||||||||||||||
| 11. | Date of the Reserve Bank of India approval for Liaison Office opening | ||||||||||||||||||||
| 12. | Address of Liaison Office in India | ||||||||||||||||||||
| Email Id | Contact / mobile number | Address | |||||||||||||||||||
| 13. | Total number of employees working in the Liaison Office during the year | ||||||||||||||||||||
| 14. | Details of products or services for which liaisoning activity is done by the Liaison Office | ||||||||||||||||||||
| Sl.No. | Liaisoning activity is done for products or services | Description of products or services | |||||||||||||||||||
| 15. | Whether there are other group entity or entities operating from the same premises as the office of the Liaison Office? | Yes/No | |||||||||||||||||||
| 16. | If yes in Sl. No. 15, provide the following details in respect of such entity or entities:- | ||||||||||||||||||||
| Sl.No. | Name of the entity | PAN of the entity | Email Id | Contact / mobile number | Address of the entity | Nature of activity undertaken by the entity | |||||||||||||||
| 17. | Does the Liaison Office perform liaisoning activity for any other entity or entities? | Yes/No | |||||||||||||||||||
| 18. | If yes in Sl.No. 17, provide the following details in respect of such entity or entities:- | ||||||||||||||||||||
| Sl.No. | Name of the entity | PAN of the entity | Email Id | Contact / mobile number | Address of the entity | ||||||||||||||||
| 19. | Details of employees working in the Liaison Office drawing salary of Rs. 50,000 or above per month | ||||||||||||||||||||
| Sl.No. | Name of employee | PAN (if allotted) | Email Id | Contact / mobile number | Designation | Amount of salary or compensation (in Rs.) | Address of sitting location | ||||||||||||||
| 20. | Details of the top five parties in India with whom the Liaison Office has been doing the liaisoning | ||||||||||||||||||||
| Sl.No. | Name of the party | PAN of the party | Email Id | Contact / mobile number | Address of the party | ||||||||||||||||
| Other details | |||||||||||||||||||||
| 21. | India specific financial details for the financial year i.e., receipts and expenses of the non-resident person from or in India (not only of the Liaison Office(s)) | ||||||||||||||||||||
| In respect of the Liaison Office(s): In respect of the non-resident person, including of Liaison Office(s) mentioned above: | |||||||||||||||||||
| Sl.No. | Receipts | Expenses attributable to receipts from India | |||||||||||||||||
| 22. | Details of all purchases, sales of material, and services from/to Indian parties during the year by the non- resident person (not limited to transactions made by Liaison Office (s)) In respect of the Liaison Office(s): In respect of the non-resident person, including of Liaison Office(s) mentioned above: | ||||||||||||||||||
| Sl.No. | Nature of transaction | Name of the Indian party with whom transaction is done | PAN of the Indian party | Email Id | Contact/ mobile number | Address of the Indian party | Amount of transaction (in Rs.) | ||||||||||||
| 23. | Whether there is any group entity or entities (including Indian entity/entities of the group or permanent establishment of foreign entity or entities of the group in India) present in India as Branch Office or Companies or Limited Liability Partnerships etc.? | Yes/No | |||||||||||||||||
| 24. | If yes in Sl.No. 23, provide the following details:- | ||||||||||||||||||
| Sl.No. | Name of the entity | PAN of the entity | Email Id | Contact / mobile number | Address of the entity | Nature of business activities | |||||||||||||
| 25. | Whether there are other Liaison Offices of the group entities in India? | Yes/No | |||||||||||||||||
| 26. | If yes in Sl.No. 25, provide the following details:- | ||||||||||||||||||
| Sl.No. | Name of the entity having the Liaison Office(s) | PAN of the entity | Email Id | Contact / mobile number | Address of the entity | Nature of activities undertaken by the Liaison Office(s) | |||||||||||||
Verification
I, ………………… [full name in block letters] ……………….…… son/daughter of ……………………………………
holding Permanent Account Number or Aadhaar Number……………………………………… solemnly declare that
to the best of my knowledge and belief, the information given in the form is correct and complete and that the other particulars shown therein are truly stated. I further declare that I am submitting this form in my capacity as ………………….…… and I am also competent to make this submission and verify it.
Verified today the ………………………… day of ……………………….…
Place
Signature of Authorised Signatory
Name …………………………..…”.
Note. – Principal rules were published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) vide notification number S.O. 969(E), dated the 26th March, 1962 and was last amended vide notification number G.S.R. 121(E), dated the 07th February, 2025.
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