Whether a foreign entity filing its return of income in India can also be liable for tax audit & maintenance?
Please also provide some support for your reply like section, case law etc.
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foreign tax
Replies (3)
Yes sec 44AB doesn't exempt any foreign entity from the same.
Anuj
+91-9810106211
Yaa 44AB is Mandatory fr all irrespective of Residential Status, In short if u hv business operation in India & it exceeds stat limit u must comply audit u/s 44AB & maintain books as per sec 44AA
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