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of <h1>Foreign company deemed Indian resident for tax purposes must follow Income Tax Act 2025 rules; non-compliance risks benefits revocation.</h1> A foreign company considered a resident in India for a tax year, despite not being a resident in previous years, must adhere to specific provisions under the Income Tax Act, 2025. These include rules on income computation, unabsorbed depreciation, loss offsets, tax collection, and anti-avoidance measures, subject to conditions set by the Central Government. If a foreign company is later found non-compliant with these conditions, any benefits granted may be revoked, and income reassessed. Notifications regarding these provisions must be presented to Parliament.
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