Income Tax :
The Central Board of Direct Taxes (CBDT) has amended Rule 114DA to specify the due date for filing Form 49C. The Finance (No. 2) Act, 2024, amended Section 285 by removing the 60-day submission deadline for non-residents with liaison offices and replacing it with a period to be prescribed by the Board. CBDT has set this period as 8 months from the end of the financial year through an amendment to Rule 114DA.
[Income Tax Notification No. 14/2025 dated on 07.02.2025]
