Please Explain me the conditions on which Income received by a foreign company in India in Indian currency is exempted from Tax?
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Conditions on income received by a foreign company?
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Income received in Indian Currency in India by a Foregin Company is always taxable in India. Such income would not be taxable if there is any exemption granted in DTAA. Hence tax liability on such income would depend on following:
- Nature of Income
- Host Country of Foreign Company
- Conditions of DTAA between India and Host Country, if any
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