Government Order No. 1223/2025/GAD of the General Administration Department, Government of Assam dated 7th May, 2025 on the holding of assets outside India [N17-D7S]
As at 6 September 2026. In force. No commencement recorded.
No. 1223/2025/GAD
GOVERNMENT OF ASSAM
General Administration Department, Government of Assam
Dispur, dated the 7th May, 2025
GOVERNMENT ORDER
Subject: The holding of assets outside India by person holding foreign assets under the Assam Agricultural Income-tax Act, 1939, regarding.
1. In the circumstances reported by the Assessing Officer, the Government of Assam, after careful examination, hereby orders that every person holding foreign assets carrying on the holding of assets outside India shall furnish Form 16 to the Director General of Income-tax within twenty-one days.
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 16 to the Director General of Income-tax within twenty-one days, accompanied by a fee of one 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 Director General of Income-tax shall dispose of it within twenty-one days of its receipt.
4. Difficulties, if any, in the implementation of this government order may be brought to the notice of the General Administration Department, Government of Assam.
(Secretary to Government)
Made under
No enabling provision stated.
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