Taxability occurred if providing services to the h.o in usa.
This query is : Resolved
23 September 2015
Hi Everyone
We have a newly opened branch in india and we have a head office in USA. We are providing research and Development services and some other services to the head office which incurred income to the H.O. Is their any taxability occurred. if occurred then how much i pay the tax and how i calculate the tax and what is the process to pay the tax.
We have a newly opened branch in india and we have a head office in USA. We are providing research and Development services and some other services to the head office which incurred income to the H.O. Is their any taxability occurred. if occurred then how much i pay the tax and how i calculate the tax and what is the process to pay the tax.
Guest
Guest
(Expert)
23 September 2015
Are you saying that for the research activity done by Indian branch, your US head office had earned profits?
23 September 2015
We are doing R & D work and also doing work which is beneficial for the H.O. Can You is their any taxability occur. If occur how i calculate the tax and how i pay for it .
Guest
Guest
(Expert)
23 September 2015
for whatever cost indian branch had incurred, add a reasonable margin and pay income tax in that margin.That margin should be reasonable. The branch may have to get the PAN and file.
Message likes :
1 times
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
