Hi All,
I don't know if this is the perfect place to ask this. I have an online business(blog, forums and online apps) which are operated solely by me from any location(as no office is required). I was thinking/planning of registering an American company(LLC) for this business for obvious reasons. Just to mention:
- There wont be any physical office/presence as such in India(apart from I living here).
- The company wont be incorporated in India.
- I would be the only owner/shareholder of the company and would operate it virtually from my home/park/CCD etc.
- The servers of the websites wont be in India and the money recieved and paid would be within the USA(I mean bank account in USA). In short no assets would be located in India
What would be the taxation of this company? Will I be requried to file tax returns or pay corporate tax for this company?
Feel free to provide further info if that helps.
Thanks
CAclubindia
