Residential status of a company
This query is : Resolved
Sweety Sharma
(Querist)
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
Revert for more clarity.
Click thank button to convey your appreciation.
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.
Message likes :
1 times
Sweety Sharma
(Querist)
12 December 2012
Thanks a lot.
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
