Office Memorandum No. 4794/2020/FD of the Finance Department, Government of Assam dated 18th December, 2020 on the holding of assets outside India [C17-PSH]
As at 7 September 2026. In force. No commencement recorded.
No. 4794/2020/FD
GOVERNMENT OF ASSAM
Finance Department, Government of Assam
Dispur, dated the 18th December, 2020
OFFICE MEMORANDUM
Subject: The holding of assets outside India by person holding foreign assets under the Assam Agricultural Income-tax Act, 1939, regarding.
1. The undersigned is directed to say that references have been received in the Finance Department, Government of Assam on the manner in which the holding of assets outside India by person holding foreign assets is to be regulated under the Assam Agricultural Income-tax Act, 1939.
2. The matter has been examined. Every person holding foreign assets carrying on the holding of assets outside India shall make an application in Form 10 to the Joint Commissioner within fifteen days, accompanied by a fee of five hundred rupees.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the holding of assets outside India is undertaken, and the Joint Commissioner shall dispose of it within fifteen days of its receipt.
4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Finance Department, Government of Assam.
(Secretary to Government)
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