Standing Order No. 1388/2011 of the Tourism Department, Government of Assam dated 6th February, 2011 on the holding of assets outside India [C18-RP5]

Standing Order No. 1388/2011

GOVERNMENT OF ASSAM

Tourism Department, Government of Assam

Dispur, dated the 6th February, 2011

STANDING ORDER

To

All Assistant Commissioners,

Subject: The holding of assets outside India by person holding foreign assets under the Assam Agricultural Income-tax Act, 1939, regarding.

In exercise of the powers conferred by section 9 of the Assam Agricultural Income-tax Act, 1939 (Assam Act 9 of 1939), the Tourism Department, Government of Assam hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the holding of assets outside India by person holding foreign assets.

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 26Q to the Appellate Tribunal within fifteen days, accompanied by a fee of one hundred rupees.

3. The Assistant Commissioner shall ensure that income is dealt with as directed above, and shall report compliance to the Appellate Tribunal within fifteen days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Tourism Department, Government of Assam.

(Secretary to Government)