1. A company having Head office in USA. A company opened a branch in India. A company in USA receives Work from their client in USA. But some work of the client it provides in Indian branch. Is there any taxability occurs in India.
2. H.O transfer some amount in India for the expenses of the branch is there any taxability occur for amount transfer.
The Indian Branch is a permanent establishment of the US company. Any income arising from activities in this PE is taxable in India. Expenses paid for can be respectively claimed against the incme.
remittance from US towards expenses will not be income, only in nature of advances. only income by way of rendering service from branch is taxable.
M N Rao & Associates LLP
Vijayawada
CA Inter
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N N V Satish & Co.,
Hyderabad
CA Inter
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B Thejas and Associates
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
