CHAPTER VIII - CONCEPT OF RESIDENCE IN THE CASE OF A COMPANY INCORPORATED OUTSIDE INDIA - Revised Discussion Paper

CHAPTER VIII - CONCEPT OF RESIDENCE IN THE CASE OF A COMPANY INCORPORATED OUTSIDE INDIA - Revised Discussion Paper – Direct Tax Code (DTC) https://www.taxtmi.com/news?id=1166 A foreign company is resident in India if its place of effective management is in India, defined as where the board or executive directors make key decisions or where executive officers perform functions routinely approved by the board. The paper replaces the wider "wholly or partly" control test with this internationally aligned standard. It also proposes Controlled Foreign Corporation rules to attribute undistributed passive income of foreign companies controlled by Indian residents to those residents as deemed dividends for taxation. en-us Tue, 15 Jun 2010 22:41:49 +0530 Tue, 15 Jun 2010 22:41:49 +0530 TaxTMI RSS Generator CHAPTER VIII - CONCEPT OF RESIDENCE IN THE CASE OF A COMPANY INCORPORATED OUTSIDE INDIA - Revised Discussion Paper – Direct Tax Code (DTC) https://www.taxtmi.com/news?id=1166 A foreign company is resident in India if its place of effective management is in India, defined as where the board or executive directors make key decisions or where executive officers perform functions routinely approved by the board. The paper replaces the wider "wholly or partly" control test with this internationally aligned standard. It also proposes Controlled Foreign Corporation rules to attribute undistributed passive income of foreign companies controlled by Indian residents to those residents as deemed dividends for taxation. News - Tue, 15 Jun 2010 22:41:49 +0530 https://www.taxtmi.com/news?id=1166