Tax Rate
This query is : Resolved
18 July 2011
What would be the Corporate Income Tax tax rate for a wholly Owned Subsidiary of a Foreign company registered in India.
Will it be called a foreing company or would be treated as a domestic company.
It is not a Liason office/Project office etc. It is registered as a Private Limited Company with 100% equity held by the parent company.
Please advice
Many thanks in advance
Regards
Ramesh
Will it be called a foreing company or would be treated as a domestic company.
It is not a Liason office/Project office etc. It is registered as a Private Limited Company with 100% equity held by the parent company.
Please advice
Many thanks in advance
Regards
Ramesh
19 July 2011
IF IT IS A COMPANY REGD IN INDIA AND HAS REGD OFFICE IN INDIA THEN IT IS A DOMESTIC CO AND THE RATE OF TAX WILL BE 30 PERCENT
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
19 July 2011
Many thanks for the confirmation
Regards
Ramesh
Regards
Ramesh
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