Zenith Global Ltd., a company incorporated in the United Kingdom, has established a liaison office in India after obtaining the necessary approval…

CA Final · Direct Tax Laws and International Taxation · MTP · September 2025
Zenith Global Ltd., a company incorporated in the United Kingdom, has established a liaison office in India after obtaining the necessary approval from the Reserve Bank of India (RBI). The liaison office is primarily engaged in promoting the parent company's business and facilitating communication between Indian customers and the UK headquarters. The liaison office operates strictly within the guidelines laid down by the RBI and does not undertake any commercial, trading, or industrial activities in India. For the financial year 2024-25, by what date Zenith Global Ltd. should furnish the prescribed statement (Form 49C) to the Assessing Officer under Section 285 of the Income Tax Act, 1961?
(A) Within 4 Months from the end of Financial Year, i.e. 31st July 2025.
(B) Within 7 Months from the end of Financial Year, i.e. 31st October 2025.
(C) Within 8 Months from the end of Financial Year, i.e. 30th November 2025.
(D) Not required to file the statement as company is incorporated in United Kingdom and having only liaison office in India.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

Within 8 Months from the end of Financial Year, i.e. 30th November 2025.

Topics: Double Taxation Relief, Appeals and Revision, Non-Resident Taxation

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