Government Order No. 3761/2015/LD of the Law Department, Government of Assam dated 19th October, 2015 on the holding of assets outside India [N17-ZDF]

No. 3761/2015/LD

GOVERNMENT OF ASSAM

Law Department, Government of Assam

Dispur, dated the 19th October, 2015

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 of the charge, 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 10 to the Principal Chief Commissioner 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 10 to the Principal Chief Commissioner within twenty-one 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 Principal Chief Commissioner 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 Law Department, Government of Assam.

(Secretary to Government)