Tax Rate

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K R Ramesh (Querist)
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18 July 2011 What would be the Corporate Income Tax tax rate for a wholly Owned Subsidiary of a Foreign company registered in India.

Will it be called a foreing company or would be treated as a domestic company.

It is not a Liason office/Project office etc. It is registered as a Private Limited Company with 100% equity held by the parent company.

Please advice

Many thanks in advance

Regards

Ramesh

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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19 July 2011 IF IT IS A COMPANY REGD IN INDIA AND HAS REGD OFFICE IN INDIA THEN IT IS A DOMESTIC CO AND THE RATE OF TAX WILL BE 30 PERCENT

CA MANOJ GUPTA
JODHPUR
09828510543

K R Ramesh

K R Ramesh (Querist)
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19 July 2011 Many thanks for the confirmation

Regards

Ramesh