Income tax query

Dear all,

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.

It will be clubbed with Indian co. depending upon where the core business is set up.
It's a Foreign Comapny's Indian Branch Office... no business activity commenced yet.....Do I need to file Income tax return??

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