Tax Rate
This query is : Resolved
K R Ramesh
(Querist)
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
CA MANOJ GUPTA
(Expert)
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
K R Ramesh
(Querist)
19 July 2011
Many thanks for the confirmation
Regards
Ramesh
Regards
Ramesh
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