CBDT amends Rule 114DA Income Tax Rules ; prescribe due date for furnishing of statement by NR having Liaison Office in India

By | February 19, 2025
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CBDT amends Rule 114DA Income Tax Rules ; prescribe due date for furnishing of statement by NR having Liaison Office in India

Key Points: Notification No. 14/2025, dated 07-02-2025

The Central Board of Direct Taxes (CBDT) has amended Rule 114DA to prescribe the due date for furnishing Form 49C by non-resident entities with liaison offices in India.

Key Changes:

  1. Due Date for Filing Form 49C:

    • Previous: 60 days from the end of the financial year.
    • New: 8 months from the end of the financial year.

  2. Form 49C Revisions:

    • PAN as Primary Identifier: Only PAN is required for individuals and entities, Aadhaar is no longer an option.
    • Detailed Information on Entities: More specific details are required for entities for which the liaison office conducts liaisoning activities, including name, email ID, contact number, and nature of activities.
    • Mandatory Reporting for High-Salaried Employees: PAN, email ID, contact number, and salary amount are mandatory for employees earning Rs. 50,000 or more per month.

These amendments aim to enhance the reporting requirements for non-resident entities with liaison offices in India, providing better visibility and compliance.

NOTIFICATION NO. G.S.R. 125(E) [NO. 14/2025/F.NO. 370142/2/2025-TPL],
DATED 7-2-2025
In exercise of the powers conferred by section 285, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—
1. (1) These rules may be called the Income-tax (Fourth Amendment) Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Income-tax Rules, 1962, —
(a)in rule 114DA, in sub-rule (1), for the words, figures and letter “Form No. 49C”, the words, figures and letter “Form No. 49C within eight months from the end of such financial year” shall be substituted;
(b)in Appendix-II, for Form No. 49C, the following shall be substituted, namely:—
FORM No. 49C
[See rule 114DA]
[e-Form]
Annual Statement under section 285 of the Income-tax Act, 1961
SOURABH JAIN, Under Secretary