Standing Order No. 2688/2021 of the Tourism Department, Government of Assam dated 17th February, 2021 on the holding of assets outside India [C1B-HDF]

Standing Order No. 2688/2021

GOVERNMENT OF ASSAM

Tourism Department, Government of Assam

Dispur, dated the 17th February, 2021

STANDING ORDER

To

All Income-tax Officers,

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 10 to the Director General of Income-tax within ninety days, accompanied by a fee of one thousand rupees.

3. The Income-tax Officer shall ensure that permanent account number is dealt with as directed above, and shall report compliance to the Director General of Income-tax within ninety 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)