Hi,
What are the tax laws applicable if a person who owns 85% majority stake in two companies (one in USA and one in India) and wants to make the Indian Company a Subsidiary of the US company?
sagar (stiduennr) 08 July 2011
Hi,
What are the tax laws applicable if a person who owns 85% majority stake in two companies (one in USA and one in India) and wants to make the Indian Company a Subsidiary of the US company?
Sajeev Menon (Legal Consultant Dubai 00971 508836442) 13 July 2011
Hi,
in my knowledge the income from the US company is not taxable as it will be treated as NRI earning if the money transferred through NRE A/C.
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