§ 506
Chapter XXIII — Miscellaneous
Furnishing of information or documents by an Indian concern in certain cases
Income-tax Act, 2025
When a foreign company’s share value largely comes from assets located in India, and those assets are held (directly or indirectly) through an Indian concern, the Indian concern must submit the required information or documents to the income‑tax authority.
The submission must be made within the time frame and in the manner prescribed under the Act.
📜 Official text of the section +
506. Where,––
( a) any share of, or interest in, a company or an entity registered or incorpo-
rated outside India derives, directly or indirectly, its value substantially
from the assets located in India, as referred to in section 9(10)(a); and
( b) such company or entity, as the case may be, holds, directly or indirectly,
such assets in India through, or in, an Indian concern,
then, such Indian concern shall, for the purposes of determination of any income
accruing or arising in India under the said section, furnish within prescribed pe -
riod to the prescribed income-tax authority the information or documents in such
manner, as may be prescribed.
Submission of statements by producers of cinematograph films or persons
engaged in specified activity.
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