Important Update for Liaison Offices in India!

Tuesday, February 11, 2025

A major relief for Non-Resident Entities operating Liaison Offices (LOs) in India!

Earlier, LOs were required to submit Form 49C within 60 days from the end of the financial year (i.e., by May 30). However, with the Finance (No. 2) Bill, 2024, amendment was made in period within which such statement.

Now, as per CBDT Notification No. 14/2025, the due date for filing Form 49C has been extended to 8 months from the financial year-end.

Form 49C contains the key details of the LO such as: Liaison activities undertaken in India, Financial transactions, Employee details and associated expenses, Information on group entities and dealings with Indian parties.

This extension provides much-needed relief for LO’s to ensure timely and accurate compliance.

To view the CBDT Notification, please click here.

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