Do I need to file Foreign branch Income tax return in India where there is no share capital & no income generation yet??
kindly confirm, as HSBC wants Income tax return to be filed??
Replies (2)
Quick Summary
This discussion seeks clarification on whether an Indian branch office of a foreign company needs to file an income tax return. The branch has no share capital and has not yet generated any income. The user is asking for confirmation, especially as HSBC has requested the filing of an income tax return.