Section 285 of ITA, 1961 : Section 285: Submission Of Statement By A Non-Resident Having Liaison Office

Explanation using Example

Imagine a foreign company, XYZ Electronics, headquartered in Germany, which has a liaison office in Mumbai, India. The liaison office's role is to facilitate communication between the headquarters and the Indian market, and to promote the company's products in India. As XYZ Electronics is a non-resident entity with a liaison office established under the guidelines of the Reserve Bank of Indi...

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