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?
Anurag Pathak Changed status to publish December 9, 2023
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 December 9, 2023
