08 January 2010
My question is about income tax return only. In my case i.ve got only branch in India. My H.O is in Korea.so there is no question of consolidation in India
09 January 2010
Since you have foreign company's branch in India, then definitely your activities are taxable in India. So you have to file the return of branch for the income earned in India.
It is advisable to hire the services of an expert to avoid penalties etc.
CAclubindia
