Specified Foreign Company status arises when a foreign company is substantially owned through minimum equity holding by an Indian company. A Specified Foreign Company is a foreign company in which an Indian company holds a qualifying level of ownership measured by nominal value of the equity ... Summary
Specified Foreign Company status arises when a foreign company is substantially owned through minimum equity holding by an Indian company.
A Specified Foreign Company is a foreign company in which an Indian company holds a qualifying level of ownership measured by nominal value of the equity share capital; this definition determines when the special tax treatment for such foreign companies is engaged.
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