Tag Archives: Foreign Company

Foreign company said to be resident in India

By | May 25, 2016

Foreign company said to be resident in India. Section – 56 of Finance Acts – 2016 Inserted new Chapter XII-BC (Section XII-BC) Section 115JH in Income tax act 1961 relating to Foreign company said to be resident in India. Insertion of new Chapter XII-BC. 56. After Chapter XII-BB of the Income-tax Act, the following Chapter shall be… Read More »

online business operation by company incorporated outside India makes it a foreign company

By | November 14, 2015

One of my client’s company is incorporated in Thailand having no physical place of business in India, but they have online business operating in India. Then will it be considered as Foreign Company?  Answer: According to section 2(42) of Companies Act 2013 foreign company means and include a Company or Body Corporate incorporated outside India having-… Read More »