Is Profits earned by branches of foreign bank in India included/excluded in domestic income?
Is Profits earned by branches of foreign bank in India included/excluded in domestic income?
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Yes,
The profits earned by branches of foreign bank in India will be included in the domestic factor income as profits are earned within the domestic territory of India.
Explanation:-
The income generated by residents and non-residents within the domestic territory of India will be included in domestic income.
Anurag Pathak Changed status to publish
