If an Indian company is having foreign branch (lets say in Dubai), Can Indian company claim losses of the foreign branch while paying taxes in India
And in case of profit in branch, do we need to pay taxes on that profit in India?
Pls advise
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Foreign Branch of Indian Company
Replies (2)
It will depend on whether the income of such foreign branch accrue or deemed to be accrue or arise in India.
Yes, POEM of the branch will be in India. However, CBDT has provided exemption to companies having turnover of 50 crores n F.Y from the POEM guidelines
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