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Foreign companies’ obligation to file tax return in India

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Manage episode 342582908 series 2986897
Content provided by Lakshmikumaran & Sridharan Attorneys. and Sridharan Attorneys.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lakshmikumaran & Sridharan Attorneys. and Sridharan Attorneys. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Income-tax Act, 1961 seeks to levy tax on a non-resident (including a foreign company) only on that income which accrues or arises or is received in India. The Act also requires every company (including a foreign company) to furnish an annual return of income. In this background, one of the issues which has been of wide interest and contemplation is, whether a foreign company is liable to file an annual return of income in India, when there is income accruing or arising in India which is not liable to tax in India either on account of an exemption under the Act or under the Tax Treaty. This Article analyses the two possible views in the said factual scenarios.
Audio Source : An article published on the LKS website in August 2022
https://www.lakshmisri.com/insights/articles/foreign-companies-obligation-to-file-tax-return-in-india/
Authors: Neha Sharma, Principal Associate (LKS)

Voice : Yashraj Chauhan, Associate (LKS)

  continue reading

165 episodes

Artwork
iconShare
 
Manage episode 342582908 series 2986897
Content provided by Lakshmikumaran & Sridharan Attorneys. and Sridharan Attorneys.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lakshmikumaran & Sridharan Attorneys. and Sridharan Attorneys. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Income-tax Act, 1961 seeks to levy tax on a non-resident (including a foreign company) only on that income which accrues or arises or is received in India. The Act also requires every company (including a foreign company) to furnish an annual return of income. In this background, one of the issues which has been of wide interest and contemplation is, whether a foreign company is liable to file an annual return of income in India, when there is income accruing or arising in India which is not liable to tax in India either on account of an exemption under the Act or under the Tax Treaty. This Article analyses the two possible views in the said factual scenarios.
Audio Source : An article published on the LKS website in August 2022
https://www.lakshmisri.com/insights/articles/foreign-companies-obligation-to-file-tax-return-in-india/
Authors: Neha Sharma, Principal Associate (LKS)

Voice : Yashraj Chauhan, Associate (LKS)

  continue reading

165 episodes

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