Abstract
The author provides a basic understanding of the Controlled Foreign Corporation [Hereinafter, "CFC"] Rules proposed to be introduced in India under the Direct Taxes Code, 2010. CFC Rules seek to tax income earned by a foreign company which is established in a low-tax jurisdiction and is controlled by a company resident in India. CFC Rules also provide for the circumstances and conditions under which income of a CFC will becomes taxable in India.
Recommended Citation
Jain, Sunil
(2012)
"The Direct Taxes Code, 2010 - Ushering in Controlled Foreign Corporation Rules in India,"
National Law School of India Review: Vol. 23:
Iss.
2, Article 3.
Available at:
https://repository.nls.ac.in/nlsir/vol23/iss2/3
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