Tax Rate
This query is : Resolved
18 July 2011
What would be the Corporate Income Tax tax rate for a wholly Owned Subsidiary of a Foreign company registered in India.
Will it be called a foreing company or would be treated as a domestic company.
It is not a Liason office/Project office etc. It is registered as a Private Limited Company with 100% equity held by the parent company.
Please advice
Many thanks in advance
Regards
Ramesh
Will it be called a foreing company or would be treated as a domestic company.
It is not a Liason office/Project office etc. It is registered as a Private Limited Company with 100% equity held by the parent company.
Please advice
Many thanks in advance
Regards
Ramesh
19 July 2011
IF IT IS A COMPANY REGD IN INDIA AND HAS REGD OFFICE IN INDIA THEN IT IS A DOMESTIC CO AND THE RATE OF TAX WILL BE 30 PERCENT
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
19 July 2011
Many thanks for the confirmation
Regards
Ramesh
Regards
Ramesh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
