Tax on income of indian subsidiary
This query is : Resolved
Querist : Anonymous
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 ??
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.
Querist : Anonymous
Querist :
Anonymous
(Querist)
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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