Tax on income of indian subsidiary


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Querist : Anonymous

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Querist : Anonymous (Querist)
02 November 2018 If company X (Indian subsidiary) earns its entire revenue from Company Y ( Foreign Holding Co.)
What will be the tax effect on such income ?? Will it be taxable ?? will it attract TP ??

02 November 2018 It will be taxable in India being resident company. It will attract TP.

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Querist : Anonymous

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03 November 2018 Wont it be exempt since it is export of services ?

03 November 2018 Export of service is exempt from GST against LUT. Income tax on export income is not exempt.


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