Foreign company has received Royalty income from Indian Company and Indian company has deducted TDS as per DTAA agreement. According to DTAA provisions TDS should be deucted @ 10% but Indian Company has deducted TDS @ 10.3%.
Now foreign Company wants to claim refund from Indian Government. But foriegn company does not have any bank account in india. How foreign company can claim refund from Indian government ?
Reply please
Means they have to file Return of Income by appointing representative assessee ?
Since its a foreign company, it does not have any PAN.
Means they have to file Return of Income by appointing representative assessee ?
Since its a foreign company, it does not have any PAN.
Means they have to file Return of Income by appointing representative assessee ?
Since its a foreign company, it does not have any PAN.
Yes refund to foreign company is possible without having a bank account in India. Please feel free to reach out to me at kumarvineetca @ gmail.com. We have got it done for multiple foreign companies.
CAclubindia
