Subsidiary of a foreign company
This query is : Resolved
12 July 2013
One of my clients company which is a subsidary of a company based in Singapore having share capital Rs 35 crores. The Company has very nominal income. My quries are:
1) What are the reporting requirements under company law.
2) Implications under income tax law.
3) Any other law.
1) What are the reporting requirements under company law.
2) Implications under income tax law.
3) Any other law.
13 July 2013
1.the subsidiary is indian co, if it is private limited will be treated as private if it is 100% subsidiary of singapore co otherwise it will be treated as public co as per cos act (section 4). No special reporting
2.It will be treated as domestic company as per IT
2.It will be treated as domestic company as per IT
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