663/CBDT. - Income Tax - 663/CBDT

INSTRUCTION NO. 663/CBDT Dated : March 7, 1974 Two forms 'A B' have been devised to collect statistical data in respect of foreign tax cases. These forms have been printed in the Bulletin. Form 'A' will make available information in respect of non-residents under various heads of income and also show the position of income returned, income assessed and the gross tax on total income with analysis of tax under the sub-heads-(a) deducted at source, (b) paid as advance tax, (c) paid on self-assessment and (d) balance due on regular assessment. In addition, the proforma provides information of the gross receipts under the various heads of income and the expenses allowed and also information in respect of dividends and Head Office expenses. Form 'B' printed below will make available information like details of payments made to the foreign concerns under the heads royalties, fees for technical service, know-how fees and other charges in respect of Indian concern having foreign collaboration. These forms duly filed in should be sent in batches by the ITOs in respect of assessments completed of foreign tax cases in the same way as the batches of ITNS 150 forms are being sent at present. The ITO will retain one copy of the form on the assessment records. The Statistician will compile the information from these forms on a regular basis. This compilation will, however, be done separately from the existing All-India Revenue Statistics.