Office Memorandum No. 1855/2012/LD of the Law Department, Government of Assam dated 16th August, 2012 on the holding of assets outside India [C18-WHV]
As at 6 September 2026. In force. No commencement recorded.
No. 1855/2012/LD
GOVERNMENT OF ASSAM
Law Department, Government of Assam
Dispur, dated the 16th August, 2012
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 Law 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 26Q to the Appellate Tribunal within one hundred and twenty days, accompanied by a fee of two hundred and fifty 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 Appellate Tribunal shall dispose of it within one hundred and twenty days of its receipt.
4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Law Department, Government of Assam.
(Secretary to Government)
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