Income return for foreign company
This query is : Resolved
17 September 2011
Is foreign company having professional /royalty income from its associate entity in India is required to file income tax return in India?Does having PAN or not having PAN make any difference?
CA. Anuj Gupta
(Expert)
17 September 2011
yes the foreign Company is required to file return of income in India.
Also there shall be requirement of TP study and form 3CEB for Indian entity.
Also the foreign company shall also be required to file Form 3CEB and prepare a TP study.
The PAN does make a difference in rate of TDS to be deducted on such sum to be remitted as income of foreign company.
Anuj
+91-9810106211
femaquery@gmail.com
Also there shall be requirement of TP study and form 3CEB for Indian entity.
Also the foreign company shall also be required to file Form 3CEB and prepare a TP study.
The PAN does make a difference in rate of TDS to be deducted on such sum to be remitted as income of foreign company.
Anuj
+91-9810106211
femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
