Foreign companies with Liaison offices, which till last year were required to file Form 49C within 60 days from year-end can now file the same in eight months from the year-end, i.e. by 30th November. This has been done vide Income Tax (4th amendment) Rules 2025. This extension provides additional time for LOs to gather and report accurate financial and operational details, aligning the compliance timeline more closely with other regulatory requirements. The amendment came into effect from the date of its publication in the Official Gazette. This is effective from the date of publication in the Gazette, i.e. 9-2-2025.
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