If you're a small business owner, then you know that dealing with the IRS can be a headache. One of the most confusing forms to complete is Form No 49C. This form is used to report information about your company's ownership and organizational structure. Completing it wrong can result in costly penalties. In this blog post, we'll walk you through everything you need to know about Form No 49C so that you can complete it correctly. Let's get started!
| Question | Answer |
|---|---|
| Form Name | Form No 49C |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | ITR62, form 49c, liaisoning, RBI |
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FORM NO. 49C |
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[See rule 114DA] |
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ANNUAL STATEMENT UNDER SECTION 285 OF THE |
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No. |
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1 |
Financial Year for which the Statement is being submitted |
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2 |
Name and Principal Address of the |
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3 |
Head Office Address of the |
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4 |
Permanent Account Number (if Allotted) |
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5 |
Tax Identification No., if any, of country of Incorporation or |
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residence |
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6 |
Liaison Office (L.O.) Registration No. granted by RBI |
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7 |
Nature of activities undertaken by L.O. |
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8 |
Date of opening of L.O. in India |
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9 |
Date of RBI approval for L.O. opening |
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10 |
Address of L.O./L.O.s in India |
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11 |
Date of submitting Annual Activity Certificate (AAC) for the |
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Financial Year to RBI |
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12 |
Name, address and Membership No. of the Chartered Accountant |
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signing the Annual Activity Certificate (AAC) as prescribed by |
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RBI |
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India specific financial details for the financial year i.e., receipts, |
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income and expenses of the |
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(not only of the L.O.) |
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Details of all purchases, sales of material, and services from/to |
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Indian parties during the year by the |
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limited to transactions made by L.O.) |
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15 |
Name & Designation of Officer In charge for each Office of the |
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16 |
Details of any salary or compensation of any sort payable outside |
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India to any employee working in India or for services rendered |
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in India |
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17 |
Total Number of employees working in the LO/L.O.s during the |
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year. Particulars of employees drawing salary of Rs. 50,000 or |
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above per month specifying their Name Designation and sitting |
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location |
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18 |
Details (with complete addresses Including PAN) of |
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agents/representative/distributors of the |
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India. |
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19 |
Names & addresses of the top five parties in India with whom the |
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L.O. has been doing the liaisoning |
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20 |
Details of Products or services for which liaisoning activity is |
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done by the L.O. |
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21 |
Details of any other entity (including PAN, if any) for which |
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liaisoning activity is done by the L.O. |
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22 |
Details of Group entities (with addresses and PAN, if any) |
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present in India as Branch Office/Companies/LLPs etc., |
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incorporated in India and nature their business activities. |
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23 |
Details (with addresses) of other L.O.s of the Group entities in |
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[ITR62;49C,1]
Printed from
India
24Other Group entities operating from the same premises as the office of the L.O.
VERIFICATION
I, ……… [full name in block letters] …………………… son/daughter of …………………………………… holding Permanent
Account Number ……………………………………… solemnly declare that to the best of my knowledge and belief, the
information given in the form is correct and complete and that the other particulars shown therein are truly stated. I further declare that I am submitting this form in my capacity as ………………….…… and I am also competent to make this submission and
verify it.
Verified today the ………………………… day of ……………………….…
PLACE
Signature of Authorised Signatory
Name …………………………..…
[ITR62;49C,1]
Printed from