Excel for
Ministry of Finance
10-12-2015 Press Release Clarification regarding Notices of defective returns issued to FII/FPIs Notices of defective returns were issued under Section 139(9) of the Income-tax Act to Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs) in cases where Balance Sheet and P&L account were not filled.
In order to overcome this difficulty, it is clarified that such returns will not be treated as defective in cases where the FIIs/FPIs: All such cases, where the SEBI registration number has been provided by the FIIs/FPIs in the return for AY 2015-16 are being taken-up for processing at CPC Bengaluru. For previous assessment years where the above information is not available in the Income Tax Return, FII/FPI may provide such details in their online response on the e-filing portal of the Income-tax Department ( www.incometaxindiaefiling.gov.in ) to the previously issued notice u/s 139(9) of the Income-tax Act. *****
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