30 August 2010
Fact of Case: Our company has the Branches at Brazil,Thialand etc.The books of Accounts of the branches where audited and taxses are paid in respective company(i.e Brazil,Thailand). Query: How do i incorporate the account for those branches? Whether line to line incorporation of ledger balance is necessary or only profit of branches can be in corporated?
08 September 2010
Thanks, On more thing- The branch has paid Income tax as per local law of foreign countries.whether the income earned by branch will taxable in India? If yes how the tax will be workout considering Advance Tax,Tds paid in foreign countries.
CAclubindia
