Don't skip ITR: Taxman to foreign companies https://ift.tt/VgHrZAT

For years, the market practice among foreign companies - often endorsed by their tax advisors - has been to file tax returns only if there were some earnings, or sale of shares or properties to make money. Few, if any, filed the 49-page form that seeks a whole lot of information if there were only purchases of stocks or other assets (but no sale or capital gains).

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