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Discussion > Taxation > Income Tax > Acquisition   Unanswered Threads Post New Topic

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sagar


stiduennr
[ Scorecard : 28]
PRO CHAT CALL
Posted On 08 July 2011 at 10:50 Report Abuse

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
[ Scorecard : 355]
PRO CHAT CALL
Posted On 13 July 2011 at 16:56

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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