Income Tax - Extending due date for filing Form 49C for 2011-12
SECTION 285 of Income Tax Act and Rule 114DA of Income Tax Rules read with Circular No. 5 of 2012 dated 06.02.2012, prescribes that specified categories of assessees having a Liaison Office in India shall electronically file Form 49C, within 60 days from the end of the financial year. The due date for filing Form 49C for the financial year 2011-12 was prescribed as 30th May 2012.
It has been brought to the notice of the Board that the appropriate facility for allowing the electronic filing of this form has not yet been operationalised due to technical difficulties and therefore the concerned assessees have not been able to make compliance within the prescribed date.
CBDT has decided to extend the due date of filing form 49C for the financial year 2011-12, up to 30th September 2012.
Board has also decided that for the financial year 2011-12, Form 49C can be filed in 'Paper mode' instead of filing it electronically with digital signatures.
CBDT F. No. 225/124/2012/ITA.II ; Dated June 20 2012