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Section 505 of Income Tax Act - Submission of statement by a non-resident having liaison office

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Last Updated: 01-04-2026

505. Submission of statement by a non-resident having liaison office.

Every person, being a non-resident, having a liaison office in India set up as per the guidelines issued by the Reserve Bank of India under the Foreign Exchange Management Act, 1999, shall, in respect of its activities in a tax year, prepare and deliver to the Assessing Officer having jurisdiction, a statement, in such form and containing such particulars within such period, as prescribed.