Residency Status

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Finance Controller
44 Points Posted on 07 February 2022

Hello All,

Request your clarification / advice on the following.

I am a Singapore Registered Permanent Establishment with a wholly owned Subsidiary in India in which I hold majority shares. I am represented by my Director who is a Singapore Resident.

Question - Assuming the Director, visits India for more than 180+ days in a financial year would it have an impact on the Status of the Indian Subsidiary? Any impact on the Singapore Entity.

Thank you

Kind Regards

Venkat

 

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On 07 February 2022 at 18:26 Report
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Quick Summary
This discussion seeks clarification on whether a director's extended stay (over 180 days) in India affects the residency status of an Indian subsidiary and its Singapore parent company. While the Indian subsidiary's company law status remains Indian, the director's residency status for tax purposes and potential implications for the Singapore entity are explored.

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Profession
28271 Points Posted on 08 February 2022
Sec 6(1) regulates the residency status of an assesse .
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On 08 February 2022 at 11:19
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Professional
1979 Points Posted on 15 February 2022
No ,it will not impact Indian subsidiary for companies act purpose.. Indian subsy registered as company will always be incorporated in india
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On 15 February 2022 at 15:39
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Profession
28271 Points Posted on 25 February 2022
The querist has asked for residential status of citizen and not for company.Kindly adhere to the norms.
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On 25 February 2022 at 12:50
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Professional
1979 Points Posted on 25 February 2022
@ Sabyasachi , interpret the question correctly , what he asked that if director visits India for more than 180 days ,will it impact the residency status of INDIAN Subsidiary and Overseas Entity ,it's clear that question asked in relation to subsy and not about himself ,for taxation point of view ,Indian Subsy will always be indian ,Only Term where residency is prescribed in Companies act is regarding Resident director for 182 days in FY.... Yes as per IT act he may be NOR..
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On 25 February 2022 at 12:58

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