Residential status of a company
This query is : Resolved
10 December 2012
An Indian Company which is controlled and managed outside India, how will it be treated according to Income Tax Act,1961?
a.) Resident
b.) Non-Resident
c.) Not Ordinary Resident
d.) Foreign
e.) None of above
a.) Resident
b.) Non-Resident
c.) Not Ordinary Resident
d.) Foreign
e.) None of above
10 December 2012
Hi
Residential Status of Companies – Sec 6(3)
-Indian Company is always resident in India
-Foreign Company is resident in India if control and management of its affairs is situated wholly in India during relevant previous year i.e. if all the board meetings of the foreign company is held in India, then it shall be resident, otherwise non-resident.
Thanks//Vaibhav
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Residential Status of Companies – Sec 6(3)
-Indian Company is always resident in India
-Foreign Company is resident in India if control and management of its affairs is situated wholly in India during relevant previous year i.e. if all the board meetings of the foreign company is held in India, then it shall be resident, otherwise non-resident.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
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12 December 2012
Thanks a lot.
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