Dear All,

We have an interesting case that goes like this:

2 shareholders cum directors in India has set up a company in singapore engage in the business of software development. Both the directors are in India. The company has appointed a Company Secretary in singapore and the directors never visited Singapore in that FY.

The company has made a net profit of Rs. 300,000 Singapore dollars in the year.

The question is:
1. Is this Net Profit taxable in India?
2. What is the best way to get this profits back to India?

Regards,
Malay

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