Clarification regarding Notices of defective returns issued to FII/FPIs

Last updated: 11 December 2015

Notices of defective returns were issued under Section 139(9) of the Income-tax Act to Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs) in cases where Balance Sheet and PL account were not filled. In order to overcome this difficulty, it is clarified that such returns w

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