business connection in india

Tax queries 642 views 1 replies

hi frendzzzzzzzzz

do u know if a forieng co. has a subsidiary in india who purchased the goods from india and sell it to parent co. at 10% margin as proper business transaction.is that forieng co. has business connection in india u/s 9(1) of the income tax act 1961

Replies (1)

yes

 


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