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shashi (Querist)
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21 January 2015 I am a french Language professional earlier working in Delhi in the Capacity of Interpreter/Translator in french Language. My elder daughter is an Advocate and younger daughter is undergoing MCA from Punjab University,Chandigarh and son doing B Tech (CSE) from Amity, Noida, Semester Six, He even opted for German there.

Keeing the above points in view, Kindly suggest the better and alternate option so that we can either set up institutes or Professonal Points or any consultancy, marketing/trading related service. Apart from Language, I m doing international trading business so even much aware of Marketing ,sales, forwarding and consultancy related services to overseas clients. Hence, please provide the below details so that I can update myself and take decision to start from India as well.

Formalties of setting up ;- Commerical/ residential address

Charges at the time of opening up and annually renewal charges.

Documents required for company directors

how much annually tax from deposited amount.

Condition for Pan number:-

Is there any benifit for getting loan from commercial bank after showing annual transaction

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 January 2015 You can start a Limited Liability Partnership(LLP) consultancy firm.
You can get loan from banks based on annual transactions.
For complying with formalities contact a CA.

shashi

shashi (Querist)
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21 January 2015 can we form company???

shashi

shashi (Querist)
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21 January 2015 sir right now i am outside india so how will you guide me if today i want to set up the institute w.r.t foreign taxation point of view.can i right now apply for the same.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 January 2015 If you form a company you have to comply with lot of legal formalities. Inst-ed of private limited company better option is LLP.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 January 2015 You can open a branch in foreign country.

Branch income
The income of all foreign branches is taxed in India as part of the Indian company's worldwide taxable income. Similarly, the losses of all foreign branches are deductible in computing the worldwide taxable income. In computing the income or loss of a foreign branch, a deduction is generally allowed for all expenses incurred wholly and exclusively for the purpose of the business that are not of a capital or personal nature. Income is taxed whether or not repatriated. If the branch income incurs tax in the foreign country, credit is given in India to the extent of the lesser of the foreign tax paid or the Indian tax on the foreign income, either unilaterally or under treaty.

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