Section 285A:
Furnishing of information or documents by an Indian concern in certain cases.
1Where any share of, or interest in, a company or an entity registered or incorporated outside India derives,
directly or indirectly, its value substantially from the assets located in India, as referred to in Explanation
5 to clause (i) of sub-section (1) of section 9, and such company or, as the case may be, entity, holds,
directly or indirectly, such assets in India through, or in, an Indian concern, then, such Indian concern
shall, for the purposes of determination of any income accruing or arising in India under clause (i) of
sub-section (1) of section 9, furnish within the prescribed period to the prescribed income-tax authority
the information or documents, in such manner, as may be prescribed.
Notes:
1. Ins. by Act 20 of 2015, s. 78 (w.e.f. 1-4-2016). Earlier it was inserted by Act 31 of 1964, s. 18, (w.e.f. 6-10-1964) and
later amended by the Act 41 of 1975, s. 76, (w.e.f. 1-4-1976). And then omitted by 26 of 1988, s. 50 (w.e.f. 1-4-1988).