{"id":121,"date":"2015-09-24T00:00:00","date_gmt":"2015-09-23T18:30:00","guid":{"rendered":""},"modified":"2015-12-29T11:04:12","modified_gmt":"2015-12-29T05:34:12","slug":"section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/","title":{"rendered":"Section 115JB of Income Tax shall not be applicable to a foreign company &#8211; subject to conditions"},"content":{"rendered":"<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\">After due consideration of the various aspects of the matter, the Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB shall not be applicable to a foreign company if \u2014<\/p>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\"><\/p>\n<ul style=\"font-size:medium\">\n<li style=\"font-family:georgia, palatino, serif;text-align:justify\">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;the&nbsp; foreign&nbsp;company is a resident of a country having&nbsp; DTAA with India and such foreign company does not have a permanent establishment within the definition&nbsp; of the term in the relevant DTAA, &nbsp;or<\/li>\n<\/ul>\n<div style=\"text-align:justify\"><\/div>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\">&nbsp;<\/p>\n<div style=\"text-align:justify\"><\/div>\n<ul style=\"font-size:medium\">\n<li style=\"font-family:georgia, palatino, serif;text-align:justify\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the foreign company is a resident of a country which does not have a DTAA with India and such foreign company is not required to seek registration under Section 592 of the Companies Act 1956 or Section 380 of the Companies Act 2013.<\/li>\n<\/ul>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\">&nbsp;<\/p>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\">An appropriate amendment to the Income-tax Act in this regard will be carried out.<\/p>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\">Earlier, the issues relating to taxation of foreign companies, having no permanent establishment in India, have been under consideration of the Government. In this regard, the Government has already clarified the in&nbsp;applicability of MAT provisions to FIIs\/FPIs.<\/p>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\">The Government has now considered the issue of applicability of MAT under Section 115JB of the Income-tax Act to foreign companies having no place of business\/permanent establishment in India.<\/p>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong>*******<\/strong><\/p>\n<p style=\"text-align:justify;font-family:georgia, palatino, serif;font-size:medium\"><strong>Source : PIB<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After due consideration of the various aspects of the matter, the Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB shall not be applicable to a foreign company if \u2014 &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;the&nbsp; foreign&nbsp;company is a resident of a country having&nbsp; DTAA with India and such foreign company &#8230; <a title=\"Section 115JB of Income Tax shall not be applicable to a foreign company &#8211; subject to conditions\" class=\"read-more\" href=\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\" aria-label=\"More on Section 115JB of Income Tax shall not be applicable to a foreign company &#8211; subject to conditions\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[75],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 115JB of Income Tax shall not be applicable to a foreign company - subject to conditions - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Section 115JB of Income Tax shall not be applicable to a foreign company - subject to conditions - All About Finance\" \/>\n<meta property=\"og:description\" content=\"After due consideration of the various aspects of the matter, the Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB shall not be applicable to a foreign company if \u2014 &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;the&nbsp; foreign&nbsp;company is a resident of a country having&nbsp; DTAA with India and such foreign company ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\" \/>\n<meta property=\"og:site_name\" content=\"All About Finance\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-23T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-12-29T05:34:12+00:00\" \/>\n<meta name=\"author\" content=\"Taxclick Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Taxclick Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\"},\"author\":{\"name\":\"Taxclick Team\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\"},\"headline\":\"Section 115JB of Income Tax shall not be applicable to a foreign company &#8211; subject to conditions\",\"datePublished\":\"2015-09-23T18:30:00+00:00\",\"dateModified\":\"2015-12-29T05:34:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\"},\"wordCount\":282,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"keywords\":[\"115JB\"],\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\",\"url\":\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\",\"name\":\"Section 115JB of Income Tax shall not be applicable to a foreign company - subject to conditions - All About Finance\",\"isPartOf\":{\"@id\":\"https:\/\/taxclick.org\/#website\"},\"datePublished\":\"2015-09-23T18:30:00+00:00\",\"dateModified\":\"2015-12-29T05:34:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/taxclick.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Section 115JB of Income Tax shall not be applicable to a foreign company &#8211; subject to conditions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/taxclick.org\/#website\",\"url\":\"https:\/\/taxclick.org\/\",\"name\":\"All About Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/taxclick.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/taxclick.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/taxclick.org\/#organization\",\"name\":\"All About Finance\",\"url\":\"https:\/\/taxclick.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"contentUrl\":\"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png\",\"width\":235,\"height\":68,\"caption\":\"All About Finance\"},\"image\":{\"@id\":\"https:\/\/taxclick.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227\",\"name\":\"Taxclick Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/taxclick.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g\",\"caption\":\"Taxclick Team\"},\"description\":\"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.\",\"url\":\"https:\/\/taxclick.org\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Section 115JB of Income Tax shall not be applicable to a foreign company - subject to conditions - All About Finance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/","og_locale":"en_US","og_type":"article","og_title":"Section 115JB of Income Tax shall not be applicable to a foreign company - subject to conditions - All About Finance","og_description":"After due consideration of the various aspects of the matter, the Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB shall not be applicable to a foreign company if \u2014 &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;the&nbsp; foreign&nbsp;company is a resident of a country having&nbsp; DTAA with India and such foreign company ... Read more","og_url":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/","og_site_name":"All About Finance","article_published_time":"2015-09-23T18:30:00+00:00","article_modified_time":"2015-12-29T05:34:12+00:00","author":"Taxclick Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Taxclick Team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#article","isPartOf":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/"},"author":{"name":"Taxclick Team","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227"},"headline":"Section 115JB of Income Tax shall not be applicable to a foreign company &#8211; subject to conditions","datePublished":"2015-09-23T18:30:00+00:00","dateModified":"2015-12-29T05:34:12+00:00","mainEntityOfPage":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/"},"wordCount":282,"commentCount":0,"publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"keywords":["115JB"],"articleSection":["Income Tax"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/","url":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/","name":"Section 115JB of Income Tax shall not be applicable to a foreign company - subject to conditions - All About Finance","isPartOf":{"@id":"https:\/\/taxclick.org\/#website"},"datePublished":"2015-09-23T18:30:00+00:00","dateModified":"2015-12-29T05:34:12+00:00","breadcrumb":{"@id":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/taxclick.org\/type\/income-tax\/section-115jb-of-income-tax-shall-not-be-applicable-to-a-foreign-company-subject-to-conditions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/taxclick.org\/"},{"@type":"ListItem","position":2,"name":"Section 115JB of Income Tax shall not be applicable to a foreign company &#8211; subject to conditions"}]},{"@type":"WebSite","@id":"https:\/\/taxclick.org\/#website","url":"https:\/\/taxclick.org\/","name":"All About Finance","description":"","publisher":{"@id":"https:\/\/taxclick.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/taxclick.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/taxclick.org\/#organization","name":"All About Finance","url":"https:\/\/taxclick.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/","url":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","contentUrl":"https:\/\/taxclick.org\/wp-content\/uploads\/2016\/01\/taxclick-logo.png","width":235,"height":68,"caption":"All About Finance"},"image":{"@id":"https:\/\/taxclick.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/taxclick.org\/#\/schema\/person\/001610fef58d5ab169d94a2403c6a227","name":"Taxclick Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/taxclick.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6fa54245d717c2dfae29cb1bb4ee5d9?s=96&d=ANSPRESS_AVATAR_SRC&r=g","caption":"Taxclick Team"},"description":"This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.","url":"https:\/\/taxclick.org\/author\/admin\/"}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"Taxclick Team","author_link":"https:\/\/taxclick.org\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"After due consideration of the various aspects of the matter, the Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB shall not be applicable to a foreign company if \u2014 &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;the&nbsp; foreign&nbsp;company is a resident of a country having&nbsp; DTAA with India and such foreign company&hellip;","_links":{"self":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/121"}],"collection":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/comments?post=121"}],"version-history":[{"count":0,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/posts\/121\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/media?parent=121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/categories?post=121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxclick.org\/wp-json\/wp\/v2\/tags?post=121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}