Clarification regarding Notices of defective returns issued to FII/FPIs

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..... Clarification regarding Notices of defective returns issued to FII/FPIs
News and Press Release
Dated:- 10-12-2015

Notices of defective returns were issued under section 139(9) of the Inc .....

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..... ome-tax Act to Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs) in cases where Balance Sheet and P&L account were not filled. In order to overcome this difficulty, it is clarif .....

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..... ied that such returns will not be treated as defective in cases where the FIIs/FPIs: i) is registered with SEBI ii) has no Permanent Establishment/ Place of Business in India iii) has provided b .....

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..... asic information required under section 139(9)(f) of the Income-tax Act, if there is business income All such cases , where the SEBI registration number has been provided by the FIIs/FPIs in the retu .....

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..... rn for AY 2015-16 are being taken up for processing at CPC Bengaluru. For previous assessment years where the above information is not available in the Income Tax Return, FII/FPI may provide such deta .....

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..... ils in their online response on the e-filing portal of the Income-tax Department (www.incometaxindiaefiling.gov.in) to the previously issued notice u/s 139(9) of the Income-tax Act.
News - Press r .....

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..... elease - PIB .....

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