India’s CBDT amends recently revised rules relating to furnishing information regarding payments to nonresidents [TAX ALERT]

October 2, 2013

On 2 September 20013, India’s Central Board of Direct Taxes (CBDT), the country’s apex administrative authority for direct taxes, issued Notification No. 67/20131 (Notification) revising the existing Rule 37BB (Rule) of the Income Tax Rules 1962 which prescribes the manner and forms for furnishing information electronically by a person responsible for making any payment (Remitter) to a nonresident (Recipient).

This Notification overrides an earlier notification 58/2013 dated 5 August 2013 which amended the Rule by providing a new manner and form of furnishing information.

Further details are available from the Ernst & Young Tax Alert which can be accessed using the link below:

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