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Direct tax code

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(Querist)
05 October 2011 I want to know whether the profits earned by a foreign company where in a resident individual holds 25 pct or 50 pct equity / voting power, will it be taxable under new tax code.
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Vishal D Shah

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Vishal D Shah (Expert)
06 October 2011 Not very sure but if cfc regulations get attracted then it shall attract tax in India.

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