A domestic Co. ‘B’ which holds 30% shares in foreign Co.
A. Taxable in the hands Individual
B. Taxable on company A at special rate
C. Taxable on company B @ 15%
D. All of the above
Answer:D
A domestic Co. ‘B’ which holds 30% shares in foreign Co.
A. Taxable in the hands Individual B. Taxable on company A at special rate C. Taxable on company B @ 15% D. All of the above