If an indian co. wants to conduct business in another country(with which DTAA exists), which of the following is a better option from the perspective of taxation:- 1. Opening a foreing branch or 2. Float a whlly owned subsidary in that country. Well.... according to me a branch would be a better alternative as a subsidary would amount to taxation of profits twice( i.e once in the foreign country and second in indian when dividend is declared, and if DDT exist in that country than it would be taxed twice). Pls give your views on the same