Tax

This query is : Resolved 

21 October 2011 X ltd is a co.having head office in sydney.this co.wants to open a branch office in delhi but is waiting for a permission from RBI .in mean time X has got an order of Rs.1500000,now what will be the tax treatment on X Ltd and the customer?
if the Xltd is having Pan card from govt of india.
plz reply urgently.

21 October 2011 X ltd . is foreign Company and required to pay tax 40%....on income accrue or arise in India...hence rs. 1500000/- treated as income accrue or arise in India...still x Ltd required to pay Tax.



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