CA RAJA SAHA (Dy Manager(F &A)) (321 Points)
28 January 2013Can anyone suggest wheather there is any tax implication on investment of Capital by Foreign company in a new Joint Venture in India ?
Nitesh Maheshwari
(123)
(104 Points)
Replied 28 January 2013
I think no tax implemantation on invesment .
Tax will be given on the income of joint venture
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 12 June 2013
Yes there can be tax implications if the AO alleges that the investment is at value less than value of shares .
These allegations are made by revenue recently in case of Shell, which are still pending at various appelate levels.
Anuj
femaquery @ gmail.com
CAclubindia
