GST Registration For Foreign Companies

GST Registration For Foreign Companies Goods and Services Tax or GST is an indirect tax in India that is levied on consumption of goods and services. The liability for payment of GST is generally with the manufacturer or service provider in…

NRI Income Tax Return Filing

NRI Income Tax Return Filing ‘NRI’ or Non-Resident Indian is a citizen of India or a person of Indian origin who is not a resident in India. Residency for tax purposes is decided based on a person’s physical stay in…

Dividend Income from Foreign Company

Dividend Income from Foreign Company Dividend received from an Indian company that was subject to dividend distribution tax is exempt from tax according to the terms of section 10(34). However according to the terms of section 115BBDA explained in Finance…

Indian Residency for Foreign Investors

Indian Residency for Foreign Investors The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved a scheme for grant of Indian Permanent Residency to foreign investors. In this article, we look at the scheme for Indian Residency for…

NRI / PIO Buying Property in India

Foreigner / PIO / NRI Buying Property in India With the property market in India witnessing a rapid growth over the last decade, there is tremendous amount of interest for purchasing property in India from persons residing outside of India. In…

FRRO Registration Process

FRRO Registration Process Foreign nationals visiting India for more than 180 days on student visa, business visa, medical visa, research visa or employment visa are required to get themselves registered with the Foreigners Regional Registration Officer (FRRO). FRRO registration must be obtained…

Advance Ruling under Income Tax

Advance Ruling under Income Tax Advance ruling is an authoritative decision of the Authority for Advance Rulings in respect of tax consequences of a transaction or proposed transaction undertaken by a non-resident or an assessment. The scheme for advance rulings…

Indian Bank Account for Foreigners

Indian Bank Account for Foreigners Foreign nationals can open Non-Resident Accounts for meeting local expenses during their stay in India . An NRO account can be opened with funds transferred from abroad in freely convertible foreign currency or from foreign…

Guide to Double Taxation Treaty in India

Guide to Double Taxation Treaty in India Double taxation is levying of tax by two countries on the same income of an assessee. Double taxation is usually an issue for NRI's and Foreign Nationals doing business in India. Therefore, the…

Guide to Indian Private Limited Company for Foreigners

Guide to Indian Private Limited Company for Foreigners - Foreign Nationals and Foreign Companies India as one of the fastest growing economies in the world attracts plenty of Foreign Direct Investment (FDI) and Private Equity capital. According to a recent…