TMI BlogMaintenance and furnishing of information and document by certain person under section 92DX X X X Extracts X X X X X X X X Extracts X X X X ..... eds fifty crore rupees, or (B) in respect of purchase, sale, transfer, lease or use of intangible property during the accounting year, as per the books of accounts, exceeds ten crore rupees, keep and maintain the following information and documents of the international group, namely:- (a) a list of all entities of the international group along with their addresses; (b) a chart depicting the legal status of the constituent entity and ownership structure of the entire international group; (c) a description of the business of international group during the accounting year including,- (I) the nature of the business or businesses; (II) the important drivers of profits of such business or businesses; (III) a description of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ist of all the important intangible property or groups of intangible property owned by the international group along with the names and addresses of the group entities that legally own such intangible property; (g) a list and brief description of important agreements among members of the international group related to intangible property, including cost contribution arrangements, principal research service agreements and license agreements; (h) a detailed description of the transfer pricing policies of the international group related to research and development and intangible property; (i) a description of important transfers of interest in intangible property, if any, among entities of the international group, including the name a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... national group has designated such entity for this purpose; and (b) the information has been conveyed in Form No. 3CEAB to the Joint 7 [ Director ] referred to in sub-rule (1) of rule 10DB, in this behalf thirty days before the due date of furnishing the Form No. 3CEAA. ] 4 [ (5) ] The Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be, shall specify the procedure for electronic filing of Form No. 3CEAA and Form No. 3CEAB and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to the information furnished under this rule. 4 [ (6) ] The information and documents specified in sub-rule (1) sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Form No. 3CEAA for the accounting year 2016-17 may be furnished at any time on or before the 31st day of March, 2018. (3) Information in,- (i) Part A of Form No. 3CEAA shall be furnished by every person, being a constituent entity of an international group, whether or not the conditions as provided in sub-rule (1) are satisfied; (ii) Part B of Form No. 3CEAA shall be furnished by a person, being a constituent entity of an international group, in those cases where the conditions as provided in sub-rule (1) are satisfied. (4) Where there are more than one constituent entities resident in India of an international group, then the report referred to in sub-rule (2) or information referred to in clause (i) of sub-rule (3),as the cas ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
