I am discussing regarding overseas company and not for India taxation.
If company earns $ 150,000 rental income and Withholding tax is 8 % on Rent.
Corporate tax is 25%.
Then how much tax liability he has to pay?
I am having confusion whether tax liability would be $ 8000 or $ 25000.
Menu
Tax liability on Rental income
Replies (2)
If it's not for India taxation , the company is not incorporated in India.
then one must mention the country of residency.
then one must mention the country of residency.
Follow Income Tax provisions of that Country.
What is category of your company - Proprietory, Firm or any other Form of that country.
What is category of your company - Proprietory, Firm or any other Form of that country.
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
Related Threads
CAclubindia
