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Understanding Tax Treatment of Foreign Companies in India

This overview discusses the tax implications for foreign companies operating in India. It covers essential income sources taxable in India, including revenue from business connections, properties, and assets. Additionally, it examines specific income such as royalties and fees for technical services originating in India. The document further outlines the format for computing the total taxable income for companies for the assessment year, providing a clear framework for understanding corporate tax liabilities within the Indian tax system.

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Understanding Tax Treatment of Foreign Companies in India

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  1. GROUP 2 GROUP MEMBERS • ABHISHEK (120401) • ANKITHA (120404) • AMEEN (120419) • SHAHBAZ (120427) • SWETHA (120433) • LAMA (120443)

  2. TOPIC ASSESMENT OF COMPANIES

  3. MEANING OF COMPANY

  4. TAX TREATMENT OF FOREIGN COMPANY IN INDIA • Income arising from a business connection in India, which is reasonably attributable to operations carried out by foreign company in India; • Income arising from any property in India; • Income arising from any asset or source of income in India; or • Income arising from transfer of a capital asset situated in India; • Royalty payable from India; • Fees for technical services payable from India, etc.

  5. Income from special sources Income from special sources

  6. Tax treatment for Indian company

  7. FORMAT OF COMPUTATION OF TOTAL INCOMEOF COMPANIES FOR THE ASSESMENT YEAR_______

  8. Format of computation of tax liability of companies for the assessment year _____

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