Tax on foreign compnay

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

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....w 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%) ....

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....?? or not Regards Arjun Sachdeva Reply By MARIAPPAN GOVINDARAJAN: The Reply: Section 2(23A) of the Income Tax Act, 1961 defines the term &#39;foreign company&#39; as a company which is not a domes....

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....tic 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.<br> Discussion Forum - Knowledge Shari....

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....ng ....