LIVE GST Audit Course by CA Sachin Jain. Register Now!!

Money received from outside-india

Ravi (B.Com) (39 Points)

04 November 2023

Hi,

If i receive money from a company based in usa
OR
If my indian company receives money from that company based in usa... how much tax will be paid in India on the money received?

Thank you !

Reply
Follow
Share

6 Replies

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 04 November 2023

How much is the annual income?

sabyasachi mukherjee (26132 Points)
Replied 05 November 2023

Post actual values and actual scenarios, it is realistic.

RAJA P M ("Do the Right Thing...!!!") (127218 Points)
Replied 05 November 2023

Why You received money from them...???
What reason...???

CA Raj Doshi (Practising CA) (8784 Points)
Replied 06 November 2023

Indian Company receiving would pay 25.168% flat tax on the declared profits. whereas if you receive it directly,you will be taxed at slab rates on the declared profits

sabyasachi mukherjee (26132 Points)
Replied 06 November 2023

That is MAT

CA ALOK KUMAR (FCA, AMLS,GSTP) (615 Points)
Replied 17 November 2023

An Indian company is liable to pay corporate tax on its global income. Therefore, any income received from the US-based company will be included in its total income and taxed at the applicable corporate tax rate.

DTAA Benefits: Like individuals, companies can also take advantage of the DTAA between India and the USA.
Transfer Pricing Regulations: If the Indian company and the US company are related parties, transactions between them must adhere to transfer pricing regulations to ensure they are at arm's length.