§ 505
Chapter XXIII — Miscellaneous
Submission of statement by a non-resident having liaison office
Income-tax Act, 2025
Non‑resident entities that operate a liaison office in India must prepare a statement detailing the office’s activities for each tax year. The statement must be submitted to the Assessing Officer in the format and within the time limits prescribed by the tax rules, following RBI guidelines under the FEMA.
📜 Official text of the section +
505. 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 (42 of 1999), shall, in respect of its activities in
a tax year, prepare and deliver to the Assessing Officer having jurisdiction, a state-
ment, in such form and containing such particulars within such period, as may be
prescribed.
Furnishing of information or documents by an Indian concern in certain cases.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.
Related sections
§ 499Certain transfers to be void§ 500Provisional attachment to protect revenue in certain cases§ 501Director or Director. Service of notice, generally§ 502Authentication of notices and other documents§ 503Service of notice when family is disrupted or firm etc., is dissolved§ 504Service of notice in case of discontinued business