Development of Infrastructure is considered to be the main area of concentration for the Government in the coming budget 2007-08.For making this fruitful it is essential to give birth an investment friendly climate in the country.
According to Section 115A of the Income Tax Act, foreign companies with incomes in the forms of dividends and interest rates are exempted from Income tax returns, only if tax is deducted from sources. If the foreign firm earns in the form of royalty then the firm has to file an income tax return.