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.
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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