urgent pls

Gita Iyer (Specialist) (135 Points)

04 May 2010  

I hav a doubt......its said dat surchatge @ 2.5% is to be added in case of other than domestic company if total income exceeds 1 crore rupees.

Here what is the meaning of "income"??

Is it the amount recd. by the foreign company (under the transaction on wh such surcharge is added) or the foreign company's buss. income in india??