difference in taxation
This query is : Resolved
05 May 2010
can anybody tell me the difference between taxation in India of branch of foreign company & wholly owned subsidiary of a foreign company
taxindiaconnect
(Expert)
05 May 2010
Both are resident assessee under income tax Act as one in incorporated in india the other is a permanent establisment of the Foreign company. while there may be isuues of attribution on gloabl income of the foreign company in case of branch, these issue will not arise in case of a 100% subco.
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