Tax on foreign compnay

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Tax on foreign compnay
Query (Issue) Started By: - MITSUI PRIME Dated:- 16-1-2013 Last Reply Date:- 16-1-2015 Corporate Laws / SEBI / LLP
Got 1 Reply
Companies Law
Dear sir, I come to kn .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ow weither our copany in india Register company act 1956 but 75% share held with foreign company, japan please tell me this company treated under income tax as s foreign company tax will be 40% (50%) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ?? or not Regards Arjun Sachdeva Reply By MARIAPPAN GOVINDARAJAN: The Reply: Section 2(23A) of the Income Tax Act, 1961 defines the term 'foreign company' as a company which is not a dome .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stic company i.e., company registered under Companies Act, 1956 or Companies Act, 2013. As such in my opinion your company will not be treated as foreign company.
Discussion Forum - Knowledge Shar .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X