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
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
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
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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