Foreign companies and Permanent Establishment (PE)
With this article, we would like to explicate the concept of Foreign Companies and PE in light of Indian Income Tax Act provisions.
Foreign Companies
♠ Foreign company means a company which is not a domestic company, i.e. a company registered outside India in any other foreign country. [Section 2(23A)]
♠ The Foreign Company may be treated as Domestic Company if such company makes prescribed arrangement in India as per Rule 27.
♠ Prescribed arrangement means an arrangement …