Hi every body.
Can any one clarified the tax treament of foreign branch losses in the books of HO in India, whether it is allowed to set off against the profit of HO in india or not.
Hi every body.
Can any one clarified the tax treament of foreign branch losses in the books of HO in India, whether it is allowed to set off against the profit of HO in india or not.
The transactions of the foreign books will get merged in the books of the HO in India. The assets/liabilities etc.. will be converted into INR as per the treatment adopted in AS-11.
Shyam Joshi & Associates
Pune
B.Com
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SSGS and Associates
Chennai
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SMJ global advisors pvt ltd
New Delhi
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
