Company in dubai, pay tax in india for non-withdrawn profit?

Hi Everyone,

I have recently invested in a new 'limited' company in dubai (i am sole owner of that company) (incorporated in March 2015).  that company is doing regular business operations.  here are my questions:

1. do i need to show this as "investment" in my B/S (i haven't actually paid any amount to open the company)
2. do i need to disclose this as 'My Income' to the IT department?  ( i haven't withdrawn anything from the company yet)
3. is the company treated as independent entity than me in eyes of Govt. of India ?
4. does this cover under the recent 'foreign income / assest' disclosure thing that govt is advertising ?

It is not very clear from everyone whom I have talked too, so I thought of asking online.

Thanks in advance for your response.

Ed

Replies (1)
Forgot to mention: I am Indian citizen

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details