Quick Summary
The Central Board of Direct Taxes (CBDT) has issued Notification No. 14/2025, amending the Income-tax Rules, 1962, to enhance compliance and reporting requirements for non-resident entities operating liaison offices in India. The key amendment is related to Form No. 49C, which must now be filed within eight months from the end of the relevant financial year. Previously, the deadline for submission was not explicitly defined in this manner. Key Highlights of the Amendment Revised Reporting T
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FAQ :
The CBDT has amended the Income-tax Rules, 1962, requiring non-resident entities with liaison offices in India to file Form No. 49C within eight months from the end of the financial year.
Form No. 49C is used by non-resident entities with liaison offices in India to enhance compliance and reporting requirements.
New disclosures include details of the Head Office and Principal Office in India, employee salary and compensation, Indian agents, and all transactions with Indian parties.
Both Form No. 49C and the Annual Activity Certificate (AAC) must be filed within eight months from the end of the relevant financial year.
Non-resident entities will face an increased compliance burden, needing to streamline record-keeping and ensure timely submissions. The changes also aim for enhanced transparency and may attract penalties for non-compliance.
Non-resident companies must now report whether they have any subsidiaries, branch offices, or LLPs in India.
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