Income return for foreign company

This query is : Resolved

Shuchi (Querist)
Follow

17 September 2011 Is foreign company having professional /royalty income from its associate entity in India is required to file income tax return in India?Does having PAN or not having PAN make any difference?

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

17 September 2011 yes the foreign Company is required to file return of income in India.

Also there shall be requirement of TP study and form 3CEB for Indian entity.

Also the foreign company shall also be required to file Form 3CEB and prepare a TP study.

The PAN does make a difference in rate of TDS to be deducted on such sum to be remitted as income of foreign company.

Anuj
+91-9810106211
femaquery@gmail.com