My friend is going to have a business abroad where that country is a tax free country and the business is a LLP since it is a process of advertising through onlinne my friend continue to stay in India and as per IT Act he is a resident.
Now my query is whether the remuneration from that LLP is alone taxable or the profit of the firm is also taxable in India.
Regards
C Guruvignesh
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Malhotra Rajesh & Associates
New Delhi
B.Com
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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CCI
Pro
CAclubindia
