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How is a foreign company taxed to Income tax in India? What are the benefits & exemptions available to foreign companies under the Indian Income Tax Act?

April 26, 2017ACT Benefits companies COMPANY exemptions foreign India indian TAXED

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How is a foreign company taxed to Income tax in India? What are the benefits & exemptions available to foreign companies under the Indian Income Tax Act?

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A.26. A foreign company having a permanent establishment (branch office, project office, etc.) in India will be taxed in India on its profits that are attributable to the permanent establishment in India. Currently, a foreign company is taxed @ 48% on its total taxable income.