The CBDT issued Notification No. 14/2025 dated February 07, 2025, amending the Income-tax Rules, 1962. These amendments, known as the Income-tax (Fourth Amendment) Rules, 2025, will come into force upon publication in the Official Gazette. The key changes include modifying Rule 114DA to require non-residents (NR) having liaison offices in India to submit Form No. 49C within eight months from the end of the financial year. This change was necessitated by the Finance (No. 2) Act, 2024, which amended Section 285 by removing the 60-day submission deadline for such non-residents and replacing it with a period to be prescribed by the Board. The CBDT has now set this period as 8 months from the end of the financial year. Additionally, Form No. 49C in Appendix-II has been updated to reflect this new requirement.
The Complete Notification along with the Form can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/02/CBDT-14_2024Feb.pdf
