9911796707
TMI BlogAmendment of section 286.X X X X Extracts X X X X X X X X Extracts X X X X ..... a period of twelve months from the end of the said reporting accounting year" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2017; (b) in sub-section (3), after the word, brackets and figure "sub-section (2)", the words, brackets and figure "and sub-section (4)" shall be inserted and shall be deemed to have been inserted with effect from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deemed to have been substituted with effect from the 1st day of April, 2017; (ii) in clause (e), for the word "entities", the word "entity" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2017; (e) in sub-section (9),-- (A) for clause (b), the following clause shall be substituted and shall be deemed to have been substituted with effec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (i) or sub-clause (ii)" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2017; (D) in clause (j), for the word, brackets and figure "sub-section (2)", the words, brackets and figures "sub-sections (2) and (4)" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2017. - Clause 53 of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed within a period of twelve months from the end of said reporting accounting year. It is further proposed to amend sub-section (3) to give reference therein of the report to be furnished under sub-section (4). It is also proposed to amend sub-section (4) so as to provide in cae of a constituent entity, resident in India, whose parent entity is outside India that,- (a) report of the nature refer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of,- (i) an agreement referred to in sub-section (1) of section 90 or sub-section (1) of section 90A; and (ii) an agreement as may be notified by the Central Government for exchange of the report referred to in sub-section (2) and subsection (4). It is also proposed to consequentially amend clause (j) of sub-section (9) so as to also make reference to the report referred to in sub-section (4). ..... X X X X Extracts X X X X X X X X Extracts X X X X
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