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residential status

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(Querist)
08 October 2009 is it correct that foreign company is controled by india (wholly or ""PARTIALLY "") is resident in india ?as per new amendment
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Jitender

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Jitender (Expert)
08 October 2009 yes, as per new law in DTC 2009, it is proposed as such.
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Taranjit Singh

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Taranjit Singh (Expert)
09 October 2009 As per New Direct Tax Code released.....

A foreign company would be deemed to be a resident of India if
the management and control of its affairs are situated wholly or
partly in India at any time in the financial year.
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janak

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janak (Querist)
09 October 2009 thanks for solving my query

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