Legal Question in Business Law in India
A foreign partnership firm registered outside India , what will be its status/position in India under Indian Partnership Act ?
Asked on 3/09/17, 5:41 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
10.03.2017
Dear Sir / Madam,
Even though it is a foreign partnership firm registered outside India, if it is transacting any business in India, it will be a deemed partnership firm under the Indian Partnership Act, and will remain taxable on it's income from Indian operations.
Regards,
Answered on 3/09/17, 6:52 pm
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