Company registered in india providing service to US client and they are paying taxes in india. Now company wants to open a permanent establishment (PE) in US. company still providing services from india to US client without any help from US Branch or "PE". Now what is the taxability of the same in US and India about services provided by india to US. Is that taxable in US as company having "PE" in US ?
Menu
Taxability of income in which country ?
Replies (2)
yes it will be taxable in us as company is having "pe" in us.
Yes, the profits earned by India company will be taxable in US but the India company can claim tax credits paid in US while filing it's return of income in India. Secondly, it's not necessary year the India company has PE incorporated in USA. If the India company under article 5 constitutes a PE even though not incorporated a branch, it will be still taxable in USA again it claim tax credits for tax paid in US
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
