Section 285A - Furnishing of information or documents by an Indian concern in certain cases - Income-tax Act, 1961

2 [ Furnishing of information or documents by an Indian concern in certain cases. 285A. Where 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. Omitted by the Finance Act, 1988, w.e.f. 1-4-1988. Section 285A was inserted by the Direct Taxes (Amendment) Act, 1964, w.e.f. 6-10-1964. Prior to its omission, section 285A was amended by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976. 2. Inserted vide THE FINANCE ACT, 2015 w.e.f. 1st day of April, 2016