Residential status of a company

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Sweety Sharma (Querist)
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10 December 2012 An Indian Company which is controlled and managed outside India, how will it be treated according to Income Tax Act,1961?

a.) Resident
b.) Non-Resident
c.) Not Ordinary Resident
d.) Foreign
e.) None of above

@VaibhavJ

@VaibhavJ (Expert)
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10 December 2012 Hi

Residential Status of Companies – Sec 6(3)

-Indian Company is always resident in India

-Foreign Company is resident in India if control and management of its affairs is situated wholly in India during relevant previous year i.e. if all the board meetings of the foreign company is held in India, then it shall be resident, otherwise non-resident.

Thanks//Vaibhav
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Sweety Sharma

Sweety Sharma (Querist)
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12 December 2012 Thanks a lot.

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@VaibhavJ

@VaibhavJ (Expert)
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12 December 2012 thx for acknowledgement..