HI GUYS
Plz tell me under income tax act what r he complinces or formalities or aspact of income tax if subsidiary of an indian company invest in foreign company in foreign.
thx
1 Replies
Vk Duggal
(320 Points)
Replied 11 December 2007
THERE ARE NO SPECIFIC FORMALITIES OR REQUIREMENTS UNDER THE INCOME TAX ACT. WHATEVER DIVIDEND OR ANY OTHER INCOME IS RECEIVED BY THE INDIAN HOLDING COMPANY THAT IS TO BE OFFERED FOR TAX AFTER CONSIDERING BENEFIT UNDER DTAA IF ANY OR CREDIT FOR FOREIGN TAXES PAID
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