With this article, we would like to explicate the concept of Foreign Companies and PE in light of Indian Income Tax Act provisions.
♠ 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 …