Q1. What is the resedinatial satuts of M.donlends in india, as per income tax act 1961.
SUDHIR & PRADEEP JI (CA FINAL+LLB + DISA) (2299 Points)
10 April 2010
Q1. What is the resedinatial satuts of M.donlends in india, as per income tax act 1961.
ViveK
(.)
(312 Points)
Replied 11 April 2010
it is a foriegn company and so there residential status is where the control and management is situated wholly or partly(i mean outside India)so it can be said that it is a non resident that is why what it earn in other countries is not taxable in India