Audit requirement for a foreign company?

Cherry Bansal (Practicing Chartered Accountant)   (80 Points)

09 November 2011  

Dear Collegues,

I need to file the ITR of a foreign company who has derived royalty income from India and its gross receipts exceeds 60,00,000/-

do it needs to get the tax audit done for its income in India or not?

if yes , please share the procedure?

I oblige your reply.

Thanks