CA RAJA SAHA (Dy Manager(F &A)) (321 Points)
28 January 2013Can anyone suggest wheather there is any tax implication on investment of Capital by Foreign company in a new Joint Venture in India ?
Nitesh Maheshwari
(123)
(104 Points)
Replied 28 January 2013
I think no tax implemantation on invesment .
Tax will be given on the income of joint venture
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FD)
(7024 Points)
Replied 12 June 2013
Yes there can be tax implications if the AO alleges that the investment is at value less than value of shares .
These allegations are made by revenue recently in case of Shell, which are still pending at various appelate levels.
Anuj
femaquery @ gmail.com
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