Taxation of company
This query is : Resolved
30 June 2012
Dear Sir,
Pl clarify the following doubt
i.e. A company having its registered office in India.But majority of the shares held by the foreign company.Further its status/category also subsidiary of foreign company in MCA Records.Now I wish to clarify that,at what rate of tax applicable under IT Act for this type of companies?
i.e. Whether 30% or 40%?
Regards,
S.Jegadeesan
Pl clarify the following doubt
i.e. A company having its registered office in India.But majority of the shares held by the foreign company.Further its status/category also subsidiary of foreign company in MCA Records.Now I wish to clarify that,at what rate of tax applicable under IT Act for this type of companies?
i.e. Whether 30% or 40%?
Regards,
S.Jegadeesan
02 July 2012
An Indian Company if registered under Companies Act and shall be called Domestic Company.
“domestic company” means an Indian company, or any other company
which, in respect of its income liable to tax under this Act, has
made the prescribed arrangements for the declaration and payment,
within India, of the dividends (including dividends on preference
shares) payable out of such income ;]
“domestic company” means an Indian company, or any other company
which, in respect of its income liable to tax under this Act, has
made the prescribed arrangements for the declaration and payment,
within India, of the dividends (including dividends on preference
shares) payable out of such income ;]
03 July 2012
Dear Sir,
Thanks for your reply.However Better if your reply will be in a single line.
i.e. Whether it will be taxed @ 40% or 30%?
Regards,
S.Jegadeesan
Thanks for your reply.However Better if your reply will be in a single line.
i.e. Whether it will be taxed @ 40% or 30%?
Regards,
S.Jegadeesan
03 July 2012
30% plus surcharge plus education and secondary education and healthcare cess.
so 30.9% if income is below 1 crore.
so 32.445% if incoem is in excess of 1 crore.
Anuj
femaquery@gmail.com
so 30.9% if income is below 1 crore.
so 32.445% if incoem is in excess of 1 crore.
Anuj
femaquery@gmail.com
03 July 2012
Dear Sir,
Thank you so much for youe reply.
Regards,
S.Jegadeesan
Thank you so much for youe reply.
Regards,
S.Jegadeesan
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