Foreign Subsidiary

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Querist : Anonymous (Querist)
23 June 2010 Does the foreign subsidiary of Indian company requires to file a Income Tax return in india

23 June 2010 As per Section 139 a person need to file return when his total income as per Act exceeds maximum exempted limit. In case of subsidiary of Indian Comapny in the other country if the subsidiary comapany is earning any income in India then only they shall file ITR otherwise they do not require to file ITR.



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