Is an american company taxable in india if it has a bank a/c

As I get to learn that after an Apostille certification(As Both India and US are members of the Hague Apostille Convention) an American Company can have a business current account in India. My main question is would the company which has a bank account here be taxable. If taxable what would be the rates? Provided:

  • The company won't have direct/indirect business transactions in any part of the country.
  • The company is web based which operates websites, develops mobile apps which are available throughout the world.
  • The company is controlled by Indians who are residents.
  • The company would be having the structure of an LLC registered in Nevada, US.
Replies (1)

Hi Sandeep, I'm dealing with a similar kind of situation. I formed my company in UK and am trying to get a bank account opened here. 

Can you please guide me on things like which bank would be able to get me a bank account for my situation, would I have to double tax?

Also, it would be great if I can get in touch with you some more questions.

My email - raviteja2020 @ gmail.com

Thank you,

Ravi..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details