Menu
Residential status.
If (X) is an indian company ..bt if the 10 share holders of the company are foreign citizen.the company is fully controlled from outside india.what is the Residential status of X ltd?
Replies (1)
A company would be resident in India in any previous year if it is an INDIAN COMPANY ORits PLACE OF EFFCTIVE MMANAGEMENT (POEM) in that year is in India.
So X Ltd. is Resident.
So X Ltd. is Resident.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
