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What is Service of notice in the case of discontinued business? What is Submission of statement by a non-resident having liaison office? Section 284 and 285 of Income Tax Act 1961

Service of notice in the case of discontinued business and Submission of statement by a non-resident having liaison office are defined under section 284 and 285 of Income Tax Act 1961. Provisions under these Sections are:

Section 284 of Income Tax Act "Service of notice in the case of discontinued business"

284. Where an assessment is to be made under section 176, the Assessing Officer may serve on the person whose income is to be assessed, or, in the case of a firm or an association of persons, on any person who was a member of such firm or association at the time of its discontinuance or, in the case of a company, on the principal officer thereof, a notice containing all or any of the requirements which may be included in a notice under sub-section (2) of section 139, and the provisions of this Act shall, so far as may be, apply accordingly as if the notice were a notice issued under that section.

 

Section 285 of Income Tax Act "Submission of statement by a non-resident having liaison office"

285. Every person, being a non-resident having a liaison office in India set up in accordance with the guidelines issued by the Reserve Bank of India under the Foreign Exchange Management Act, 1999 (42 of 1999), shall, in respect of its activities in a financial year, prepare and deliver or cause to be delivered to the Assessing Officer having jurisdiction, within sixty days from the end of such financial year, a statement in such form and containing such particulars as may be prescribed.

 

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