Tax deducted at source in full? Non-Resident corporates still required to file tax return in India – Rakesh Nangia
There has been tremendous growth in the number of foreign enterprises which work on short-term projects in India. As per the prevailing tax deducted at source (TDS) provisions, their entire income is subject to TDS at the applicable rates which fully covers their Indian tax liability. The question then arises as to whether filing of a tax return is necessary in India.
Rakesh Nangia, Managing Partner and Rahul Jain, Partner contributed an article on Tax deducted at source in full? Non-Resident corporates still required to file tax return in India for Financial Express.