https://www.taxtmi.com/acts?id=11766 Branch profits tax is an additional tax on every foreign company's branch profits for a financial year, charged at the rate specified in Paragraph D of the Second Schedule. "Branch profits" are income attributable to a permanent establishment or immovable property in India included in total income, reduced by the income-tax payable on that attributable income. Liability is discharged by payment of pre-paid taxes as if the branch profits tax were income-tax, and the charged tax is collected after allowing credit for pre-paid taxes under the Code. en-us Fri, 17 Sep 2010 10:24:00 +0530 Fri, 17 Sep 2010 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11766 Branch profits tax is an additional tax on every foreign company's branch profits for a financial year, charged at the rate specified in Paragraph D of the Second Schedule. "Branch profits" are income attributable to a permanent establishment or immovable property in India included in total income, reduced by the income-tax payable on that attributable income. Liability is discharged by payment of pre-paid taxes as if the branch profits tax were income-tax, and the charged tax is collected after allowing credit for pre-paid taxes under the Code. Act-Rules Bills Fri, 17 Sep 2010 10:24:00 +0530 https://www.taxtmi.com/acts?id=11766