KAPIL MALPANI (student) (124 Points)
18 July 2011
Whether a foreign entity filing its return of income in India can also be liable for tax audit & maintenance?
Please also provide some support for your reply like section, case law etc.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 18 July 2011
Yes sec 44AB doesn't exempt any foreign entity from the same.
Anuj
+91-9810106211
Mayank Ahuja
("Learner")
(586 Points)
Replied 19 July 2011
Yaa 44AB is Mandatory fr all irrespective of Residential Status, In short if u hv business operation in India & it exceeds stat limit u must comply audit u/s 44AB & maintain books as per sec 44AA
ravikigul
(manager)
(29 Points)
Replied 20 July 2011
CAclubindia
