Subsidiary Company

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2010 An Indian Company has a Foreign Subsidiary.The Indian Company is a partner in a Partnership Firm based in India.

Can the Foreign Subsidiary of the Indian Company be a partner in the Partnership Firm and induct Capital in it? If so,what shall be the tax implications of the interest payable to the Foreign Company on its Capital in the Partnership Firm?

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 Can an Indian Company and its Foreign Subsidiary based at Singapore both be partners in another Partnership Firm ? If so,what are the legal implications?