CA Ridhima Shukla (2 Points)
27 June 2018Hi,
My Client wants to set up Joint Venture in India with three international firms based in Australia, England and US. None of these firms have their branches or office in India. Client wants Property acquisition in the name of Joint Venture and funds will be invested by Client. Client will pay only one time fees to these international firms for this association. what is the legal applicability in this case? How Client can set up?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 27 June 2018
It will be termed as Foreign company and taxed @ 40%
Get your clients company registered with registrar.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
