foreign co. converted to indian co.

Querist : Anonymous (Querist) 04 December 2011 This query is : Resolved
i want to know if a foreign co. is being converted to indian co. then how can it save tax?and has india signes any DTA agreement with malaysia or mauritius?what is the benefit of such DTA?
sneha

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Raj Kumar Makkad (Expert) 04 December 2011
Yes. On conversion to Indian Co; it can save tax. India has DTAA agreements with Malasya and Mauritius.

Notified copy of DTAA agreement http://www.caclubindia.com/notice_circulars/dtaa-between-india-and-union-of-myanmar-2068.asp

Rajeev Kumar (Expert) 04 December 2011
Agree with Makkad

A V Vishal (Expert) 04 December 2011
Dear Makkad & Rajeev, can you give the procedure involved in conversion of foreign company to an Indian company, Kindly quote the relevant provisions & Acts.

Querist : Anonymous (Querist) 05 December 2011
thanks makkad sir and vishal sirji can u plz tell me this also that how tax can b saved?i mean how to take advantage of DTA to save tax.

A V Vishal (Expert) 05 December 2011
First of all if I know whether conversion is possible, only then can I reply your query Mr Anonymous

prabhakar singh (Expert) 06 December 2011
i Agree with views expressed by Mr. A VVishal

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