TAX OUTGO DOWN FOR FOREIGN COs
The authority for Advance Ruling's (AAR) order in the case of a consortium bidding for Delhi Metro
Rail Corporation (DMRC) project.has said that the firms in the consortium would be taxed as separate taxable entities. The tax rate could vary for each partner depending on the character of its income. Certain kinds of income could even be exempt. So effectively, getting taxed as an independent taxable entity would mean a lower tax liability in many cases, besides clarity on taxation for firms coming together to take up a project in India.
Rail Corporation (DMRC) project.has said that the firms in the consortium would be taxed as separate taxable entities. The tax rate could vary for each partner depending on the character of its income. Certain kinds of income could even be exempt. So effectively, getting taxed as an independent taxable entity would mean a lower tax liability in many cases, besides clarity on taxation for firms coming together to take up a project in India.
0 comments:
Post a Comment