Tax on income of foreign company's branch.
This query is : Open
Guest
Guest
(Querist)
29 July 2011
Dear Experts,
If a foreign company has a branch in India.
This branch is not a seperate subsidiary, i.e not a different company.
For its profit accrued in India, how is the return to be filed??
If a foreign company has a branch in India.
This branch is not a seperate subsidiary, i.e not a different company.
For its profit accrued in India, how is the return to be filed??
CA. Nishant Khatana
(Expert)
29 July 2011
The foreign company has take a PAN in India and the profits attributable to all of its operations in India would be taxable in India. The ITR - 6 can be filed as a non resident company.
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